Strive adds 469 Bitcoin to reach 25,000 BTC treasury — SkimNews
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Strive added 469 Bitcoin worth $36.6 million, pushing its corporate treasury past the 25,000 BTC mark.
- Strive's share rally lifted its stock above the $27 exercise price for warrants due to expire in mid-October.
- Full exercise of those warrants could deliver more than $700 million in new capital to Strive, according to BitcoinTreasuries.net.
- 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 noted that was not his base case.
Why it matters: Strive's 25,000 BTC stash now ranks it among the largest public corporate Bitcoin holders, and Cole is openly eyeing a year-end run at #2. The overlooked detail: mid-October warrants priced at $27 could deliver more than $700 million in fresh capital — roughly 19x the latest $36.6 million Bitcoin purchase — potentially fueling a much bigger accumulation push if exercised.
Ask SkimNews
