Odaily Planet Daily reports that the CEO of Strive posted on X, stating that more information can be found in the company’s Form 8-K. Previously, Strive additional purchased 2,822 BTC for $235 million, increasing its Bitcoin holdings to 35,600 BTC; of the remaining 15.3 million warrants, 13.7 million have been exercised, generating a total of $369 million, bringing the cumulative exercise rate of traditional warrants to 94% with a leverage ratio of 47%.
Strive purchases 2,822 BTC, holdings reach 35,600 BTC with $369M in warrant exercise proceeds
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Summary
Strive exercised warrants generating $369 million in proceeds, acquiring 2,822 BTC at a favorable risk-to-reward ratio. Total holdings now stand at 35,600 BTC. The company reported a 94% warrant exercise rate, with 13.7 million out of 15.3 million warrants converted. Leverage trading strategies appear to account for the majority of capital deployment.
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