Strive holders exercise $208 million in warrants as BTC treasury grows to 32,773

Holders of Strive’s traditional warrants exercised $208 million worth ahead of the scheduled 5 p.m. ET expiry on Tuesday, according to CEO Matt Cole. Cole stated that approximately 15.3 million warrants remained unexercised at the time of his announcement. This figure aligns with the number of shares underlying the outstanding warrants disclosed in a recent company filing. Strive, a Nasdaq-listed company known for its large-scale bitcoin holdings, revealed that it acquired 3,311 BTC between October 5 and October 9 at an average price of $84,500 per coin, inclusive of fees.

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