Share this article
Bitcoin Treasury Firm Strive Adds 72 BTC to Treasury After Warrant Exercises
Shares are down 13.5% early Tuesday after doubling the previous two sessions.
Updated Oct 28, 2025, 1:09 p.m. Published Oct 28, 2025, 1:08 p.m.
What to know:
- Strive purchased about 72.3 bitcoin for $8.26 million, an average price of $114,303.77 each, bringing its total holdings to roughly 5,958 BTC.
- The purchase was funded through recent warrant exercises tied to its PIPE financing.
- Shares are lower Tuesday morning after rocketing higher the previous two sessions.
Strive, (ASST) has added 72 bitcoin to its holdings using proceeds from the exercise of traditional warrants issued in connection with its previously disclosed private investment in public equity (“PIPE”) financing transaction, according to an 8-K filing.
The company yesterday purchased approximately 72.3 BTC for about $8.26 million, an average price of $114,303 per coin.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
This latest purchase brings Strive’s total bitcoin holdings to roughly 5,958 BTC, acquired at a total cost of $691.3 million, with an average purchase price of $116,032 per bitcoin.
Based on Strive’s previous filings, yesterday's bitcoin purchase was funded through the exercise of approximately 6.11 million traditional warrants at $1.35 per share, generating about $8.26 million in gross proceeds.
These warrants are part of the 555.3 million issued under Strive’s $750 million PIPE financing.
Shares are lower by 13.5% premarket after doubling in the previous two sessions.
Read more: Bitcoin Treasury Company Strive Surges Additional 30%, Nearly Doubling in Two Sessions
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
What to know:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
Top Stories
