Vivek Ramaswamy-Founded Strive Buys $235 Million in Bitcoin…
By Karthik Subramanian
AI summary of the source article
Strive purchased 2,822 Bitcoin for approximately $235 million, bringing its total holdings to 35,595 BTC. The company also disclosed around $369.2 million in expected gross proceeds from exercised warrants and proposed a new preferred stock offering.
Why it matters
The financing approach demonstrates how cryptocurrency treasury companies increasingly rely on equity-linked instruments to expand their holdings without selling existing Bitcoin reserves.
Key facts
- Strive bought 2,822 BTC for approximately $235 million at an average price of roughly $83,266 per coin, increasing total holdings to 35,595 BTC.
- The company disclosed about $369.2 million in expected gross proceeds from warrant exercises covering 13,674,703 Class A shares.
- Strive proposed an offering of five million shares of 15% Series A Perpetual SATS preferred stock at a stated amount of $100 per share.
Source excerpt · FinanceFeeds
Strive, the Bitcoin treasury company co-founded by Vivek Ramaswamy, has purchased another 2,822 BTC for approximately $235 million, continuing its aggressive accumulation strategy even as Bitcoin fell below $82,000 on October 14, 2026. The company acquired the cryptocurrency between October 12 and October 13 at an average price of approximately $83,266 per Bitcoin, including fees and expenses, acc…