Strive Buys 3,311 Bitcoin as Warrant Deadline Approaches

Strive purchased 3,311 Bitcoin (BTC) for roughly $280 million ahead of a key deadline for its traditional warrants, lifting the company’s holdings to 32,773 BTC. The purchases took place from Oct. 5 through Oct. 9 at an average price of approximately $84,500 per bitcoin, including fees and expenses. The implied purchase value is about $279.8 million. Shares underlying Strive’s traditional warrants fell by 7,993,806 during the week to 15,255,900 as of Oct. 9. The warrants were scheduled to expire at 5 p.m. ET (9 p.m. UTC) on Oct. 13.