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Strive buys 3,311 Bitcoin after $208M warrant exercise

The company said it purchased the BTC in the week ending Oct. 9 at an average price of about $84,500 per coin.

Reported · Written up by our desk · Market Structure

Strive disclosed that investors exercised $208 million in warrants, enabling the company to continue adding to its Bitcoin treasury.

In a Tuesday filing with the US Securities and Exchange Commission, Strive said it bought 3,311 Bitcoin (BTC) in the week ending Oct. 9 at an average price of approximately $84,500 per coin.

The purchases increased its total holdings to 32,773 BTC, placing the company as the fifth-largest publicly traded corporate Bitcoin holder.

Cointelegraph also reported that Strive’s Bitcoin holdings rose more than 11% last week, with the company’s purchases outpacing share issuance and increasing existing shareholders’ exposure to the cryptocurrency.

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