Strive Adds 3,311 Bitcoin as Warrants Covering 15.3 Million Shares Near Expiry
By Unchained
AI summary of the source article
Strive announced that warrant holders exercised $208 million worth ahead of expiry, and the company bought 3,311 BTC between October 5 and October 9. The purchase expanded its total bitcoin treasury to 32,773 BTC.
Why it matters
The SATA amendment is meant to “formalize the Company’s previously announced policy of not issuing SATA below $100.00” by making it binding under the stock’s governing documents.
Key facts
- Warrant holders exercised $208 million worth ahead of expiry, leaving roughly 15.3 million underlying shares.
- Strive purchased 3,311 BTC between Oct. 5 and Oct. 9 at an average price of about $84,500 per coin.
- Strive amended its SATA terms to establish a binding restriction preventing the sale of new SATA shares below $100 each.
Source excerpt · Unchained
CEO Matt Cole put warrant exercises at $208 million ahead of Tuesday's 5 p.m. ET deadline, as Strive also made its $100 minimum sale price for SATA preferred shares a binding charter rule. The post Strive Adds 3,311 Bitcoin as Warrants Covering 15.3 Million Shares Near Expiry appeared first on Unchained .