Strive, Inc. announced it received expected gross proceeds of $369.2 million from the exercise of traditional warrants. The company also disclosed the purchase of 2,822 bitcoin at an average price of approximately $83,266 per bitcoin.
Key Details
- Warrant Exercise: Between October 12-13, 2026, 273,493,909 traditional warrants were exercised, resulting in expected gross proceeds of $369.2 million. All traditional warrants from the company's PIPE transaction are now exercised.
- Bitcoin Purchase: During the same period, Strive purchased 2,822 bitcoin for a total of approximately $234.9 million, based on the average price of $83,266 per bitcoin.
- Timing: Both the warrant exercises and the bitcoin purchases occurred between October 12, 2026, and October 13, 2026.