Key Takeaways
- • Strive bought 3,311 BTC for roughly $280 million between October 5 and October 9, at an average price of about $84,500 including fees, per an October 13 SEC filing cited by BTC Times.
- • Strive's bitcoin holdings rose to 32,773 BTC from 29,462 a week earlier.
- • Warrant exercises raised $208 million during the week, according to Chairman and CEO Matt Cole's October 13 X post.
- • Strive made a $100 minimum sale price binding for future sales of its SATA preferred stock and retained SATA's 13% annual dividend rate for November.
- • Cash and cash equivalents rose to $310.3 million as of October 9 from $284.7 million a week earlier.
Summary
Strive purchased 3,311 BTC between October 5 and October 9 at an average price of about $84,500, including fees and expenses, according to an October 13 SEC filing cited by BTC Times. The roughly $280 million purchase lifted the company's holdings to 32,773 BTC from 29,462 a week earlier.
Chairman and CEO Matt Cole said in an October 13 X post that warrant exercises raised $208 million during the week. Shares underlying traditional warrants fell by 7,993,806 to 15,255,900, with the remaining warrants set to expire at 5 p.m. ET on October 13.
In a separate October 12 filing, Strive set a $100 minimum sale price, binding for future sales of SATA, its Variable Rate Series A Perpetual Preferred Stock, before underwriting discounts and other costs. The board retained SATA's 13% annual dividend rate for November, totaling $1.0849 per share across 19 business days.
Cash and cash equivalents rose to $310.3 million as of October 9 from $284.7 million a week earlier. Strive also continued to hold 505,000 shares of Strategy's STRC perpetual preferred stock, valued at $50.3 million.
Chairman and CEO Matt Cole said in an October 13 X post that warrant exercises raised $208 million during the week. Shares underlying traditional warrants fell by 7,993,806 to 15,255,900, with the remaining warrants set to expire at 5 p.m. ET on October 13.
In a separate October 12 filing, Strive set a $100 minimum sale price, binding for future sales of SATA, its Variable Rate Series A Perpetual Preferred Stock, before underwriting discounts and other costs. The board retained SATA's 13% annual dividend rate for November, totaling $1.0849 per share across 19 business days.
Cash and cash equivalents rose to $310.3 million as of October 9 from $284.7 million a week earlier. Strive also continued to hold 505,000 shares of Strategy's STRC perpetual preferred stock, valued at $50.3 million.
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