Bitcoin Treasury Firm Strive Adds 72 BTC to Treasury After Warrant Exercises
Strive, (ASST) has added 72 bitcoin BTC$114,183.19 to its holdings using proceeds from the exercise of traditional warrants issued in connection with its previously disclosed private investment in public equity (“PIPE”) financing transaction, according to an 8-K filing.
The company yesterday purchased approximately 72.3 BTC for about $8.26 million, an average price of $114,303 per coin.
This latest purchase brings Strive’s total bitcoin holdings to roughly 5,958 BTC, acquired at a total cost of $691.3 million, with an average purchase price of $116,032 per bitcoin.
Based on Strive’s previous filings, yesterday's bitcoin purchase was funded through the exercise of approximately 6.11 million traditional warrants at $1.35 per share, generating about $8.26 million in gross proceeds.
These warrants are part of the 555.3 million issued under Strive’s $750 million PIPE financing.
Shares are lower by 13.5% premarket after doubling in the previous two sessions.
Read more: Bitcoin Treasury Company Strive Surges Additional 30%, Nearly Doubling in Two Sessions
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Live Market Action: Catch BTC & ETH Trends Now>>>
Bitcoin News Update: CoinShares Introduces TON ETP with No Fees and 2% Staking Returns Amid 60% Market Cap Drop
- CoinShares launched a zero-fee Toncoin ETP (CTON) on SIX Swiss Exchange, offering 2% staking yield despite TON's 60% YTD price drop. - The ETP provides institutional access to TON's Telegram-integrated blockchain, processing 104,000 TPS with 900M+ user base. - CoinShares expands crypto ETP strategy after launching TON exposure in its U.S. Altcoins ETF, capitalizing on $921M global crypto ETP inflows. - The move aligns with European crypto firms targeting U.S. expansion, as CoinShares pursues Nasdaq listi

CoinShares Connects Telegram and Blockchain through Launch of New TON ETP
- CoinShares launched the CTON ETP on SIX Swiss Exchange, offering zero fees and 2% staking yield for Toncoin (TON). - TON's 59% YTD market cap drop contrasts with its Telegram integration and 104,000 TPS capacity highlighted by CoinShares. - The physically-backed ETP expands European access to TON, aligning with CoinShares' hybrid finance strategy and regulated staking framework. - TON's 5% price rise post-launch follows broader ecosystem developments like Telegram's tokenized stock offerings by xStocks.

Bitcoin Updates: Dollar Rises Amid Trade Optimism, Crypto Awaits as Fed Decision Approaches
- The U.S. dollar hit multi-year highs amid trade optimism and near-certainty of a Fed rate cut before its policy meeting. - EUR/JPY surged to 178.15, signaling strong dollar momentum, while Bitcoin saw $931M inflows as investors anticipate monetary easing. - A 25-basis-point Fed cut is expected to weaken the dollar, boost risk assets, and trigger capital rotation into emerging markets and crypto. - Trump narrowed Fed chair candidates to five, including Rick Rieder, with implications for inflation, labor m

