Cryptoupdated 1h ago2 min read
Strive Holdings Buys 1,223 Bitcoin, Lifting Treasury To 36,818 BTC
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Strive bought 1,223 BTC for about $100 million at $81,734, raising to 36,818 BTC. Total weekly acquisitions amounted to 4,045 BTC, around $335 million.
10 outlets told this the same way.
Strive adds 1,223 BTC
Strive Bitcoin treasury company Strive Holdings reached 36,818 BTC after CEO Matt Cole announced on Monday, October 19, that the company bought another 1,223 BTC the previous Wednesday through Friday. Strive paid an average of $81,734 per bitcoin, putting the purchase at approximately $100 million, and the announcement marked Strive’s third major Bitcoin purchase in eight days. Strive’s treasury now has a market value above $3 billion, and the company said proceeds from its SATS IPO are scheduled to settle Tuesday, October 20.
Cole also said Strive plans to maintain its current 18-month dividend reserve, and the latest acquisition followed earlier additions of 3,311 BTC and 2,822 BTC announced in the same eight-day sequence. CoinGecko data in the report put Bitcoin traded at $81,947 at 14:16 UTC on October 19, valuing Strive’s 36,818 BTC at about $3.02 billion.
Financing and share impact
Strive also reported approximately $369 million in proceeds from warrant exercises on Oct. 12 and 13, resulting in the issuance of 13.7 million common shares.
Strive said its effective share count rose 12.4%, roughly matching the 12.3% increase in Bitcoin holdings, leaving BTC per share largely unchanged.
Unchainedcrypto reported that holders exercised 273,493,909 of the traditional warrants on Oct. 12 and 13 for 13,674,703 Class A shares, bringing in roughly $369.2 million in gross proceeds.
Unchainedcrypto added that the remainder lapsed unexercised on Oct. 13, and the exercises pushed Strive’s Class A share count to 114,847,610 from 101,169,907.
TradingView said Strive acquired the Bitcoin between Oct. 12-16 at an average price of $82,803 per coin, including fees and expenses, according to a Monday filing with the US Securities and Exchange Commission.
SATS settlement and next steps
Strive’s next scheduled corporate event is the settlement of its SATS preferred stock, with the report stating it is scheduled to settle Tuesday, Oct. 20, subject to customary closing conditions.
Unchainedcrypto said the company priced a 7 million-share offering of its new SATS preferred, a perpetual Series A security paying a 15% dividend, at $90 a share.
Unchainedcrypto reported that Strive intends to increase its existing dividend reserve at closing to cover the first 18 months of SATS dividend payments, setting aside the equivalent of $22.50 for each SATS share from cash and securities it holds.
The Bitcoin Foundation report said SATS IPO proceeds are scheduled to settle Tuesday, October 20, and Cole said Strive plans to maintain its current 18-month dividend reserve.
The report also framed the buying run as extending through the weakness when Bitcoin briefly fell below $80,000 on October 15, with the purchases continuing as part of Strive’s corporate accumulation program.