Strive adds 469 Bitcoin to reach 25,000 BTC treasury — SkimNews
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- Strive added 469 Bitcoin to its corporate treasury, reaching the 25,000 BTC milestone, according to BitcoinTreasuries.NET
- Strive's share rally pushed its stock above the $27 exercise price for warrants due to expire in mid-October, which could deliver more than $700 million in new capital if holders exercise them
- Cole said earlier this month it was "not out of the realm of possibility" for Strive to become the second-largest publicly traded corporate Bitcoin holder by year-end, though he described that as not his base case
- Decrypt and The Block both led with the $36.6 million purchase framing — cross-coverage consensus centers on the round-number milestone rather than the warrant mechanics
- CoinDesk's same-day headline on Nigel Farage-backed Stack BTC pursuing a $16 million gold-dealer deal to fund bitcoin buys surfaces a parallel accumulation story in the same news cycle
Why it matters: Strive now holds enough Bitcoin to rank among the largest public corporate treasuries, and the $700 million-plus warrant proceeds would fund further accumulation without share dilution above $27. Cole's "not out of the realm" framing signals the company is publicly entertaining a top-two corporate-holder position by year-end, raising the competitive stakes against incumbents like MicroStrategy.
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