Strive Acquires $280 Million in Bitcoin Amidst Share Count Increase

Strive has made a significant investment in Bitcoin, acquiring 3,311 BTC valued at $280 million. However, despite this substantial purchase, the Bitcoin per effective common share experienced only a modest increase of 1.72%. This limited growth is attributed to the concurrent rise in both common and preferred share counts.

New Insights on Bitcoin Accumulation

Bitcoin whales are actively accumulating Bitcoin ahead of a crucial US inflation report, even as $744 million has exited from spot ETFs. Recent data from CryptoQuant, dated October 13, indicates that large holders have collectively increased their Bitcoin holdings to 3.03 million BTC. This accumulation is occurring at the fastest monthly pace since February.

Latest Update on Strive's Bitcoin Holdings

Strive has acquired an additional 2,822 Bitcoin for $235 million, increasing its total Bitcoin holdings to 35,595 BTC. This acquisition has allowed Strive to surpass MARA Holdings, which now holds 35,577 BTC, making Strive the fourth-largest corporate Bitcoin holder.

As of now, Strive's Bitcoin stash is valued at approximately $2.9 billion, with Bitcoin priced around $82,000. This follows a previous purchase of 3,311 BTC at an average price of about $84,500 per coin.

Additionally, Strive has reported that 13.7 million of its 15.3 million remaining warrants have been exercised, resulting in gross proceeds of $369 million. Overall, 94% of traditional warrants have been exercised, and the company's amplification ratio is currently at 47%.