From Decrypt · By Jose Antonio Lanz
In brief
Strive bought 4,045 BTC between October 12 and 16 at about $82,803 each, raising its holdings to 36,818 BTC.
Warrant exercises on October 12 and 13 raised about $369.2 million and added 13,674,703 Class A shares, and no traditional warrants remain.
Strive priced a $630 million offering of 15% SATS preferred stock on October 15, set to settle October 20.
Strive, a Nasdaq-listed company that holds Bitcoin as a treasury asset, bought 4,045 BTC between October 12 and 16, according to a regulatory filing published Monday.
The average price was about $82,803 per coin, meaning the stash was worth about $335 million, and the purchase lifts its holdings to 36,818 BTC, up from 32,773 a week earlier. That’s a total just north of $3 billion worth of Bitcoin at today’s prices.
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The money comes from a Wall Street machine that has become a steady source of Bitcoin buying: public companies sell shares to investors, then put the cash into Bitcoin. Their stock gives investors exposure to Bitcoin’s price through an ordinary brokerage account.
This week’s cash came from warrants, contracts that let holders buy new shares at a fixed price. On October 12 and 13, investors exercised 273,493,909 of them for 13,674,703 new Class A shares, raising about $369.2 million. The leftovers expired unexercised on October 13, and the filing says no traditional warrants remain.
Class A shares outstanding rose from 101.2 million to 114.8 million in a week, about 13.5%. That shrinks each existing shareholder’s slice of the company unless the new cash earns it back. Strive ended the week with $317.5 million in cash, up $7.2 million.
Strive began in 2022 as an anti-ESG asset manager co-founded by former presidential candidate Vivek Ramaswamy. It adopted Bitcoin as a treasury reserve in May 2025 as it moved to merge with a listed company called Asset Entities, then agreed that September to buy Semler Scientific, a medical device maker holding about 5,000 BTC, in an all-stock deal valued at about $1.3 billion.
BitcoinBTC · USD$82,096−0.08%Oct 12Oct 14Oct 16Oct 18Oct 19$83.9k$82.7k$81.4k$80.2k24h HighHigh$83,03524h LowLow$81,152VolVol$1.1BMarket projectionsOdds by MyriadThis weekAbove $82,000Above $82k51% chance→Buy Bitcoin with USDTPowered by JupiterPrice data by CoinGeckoCoinGeckoMore Bitcoin news and projections →When Semler shareholders approved the deal in January, the combined company held roughly 12,800 BTC, so holdings are up almost 3X since. Strive’s previous purchase was 3,311 BTC, about $280 million, at roughly $84,500 per coin, a week before this one. The last 1,223 coins in this week’s batch, bought October 14 to 16, averaged about $81,734.