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      Strive Acquires $335 Million in Bitcoin Following Warrant Exercise

      Strive, a Nasdaq-listed Bitcoin treasury company co-founded by Vivek Ramaswamy, has purchased 4,045 Bitcoin for approximately $335 million between October 12 and 16, 2026. This acquisition follows the exercise of warrants covering 13.7 million shares, which generated about $369.2 million in expected gross proceeds with a participation rate of 94%.

      The recent Bitcoin purchase increases Strive's total holdings to 36,818 BTC, valued at roughly $3 billion at current prices. The company has also announced a $630 million preferred stock offering, which is set to settle on October 20, 2026. The proceeds from this offering are earmarked for general corporate purposes, including further Bitcoin acquisitions.

      Strive's holdings have surged from 7,525 BTC at the beginning of 2026, marking an increase of over 380%. This growth positions Strive as the fourth largest publicly traded corporate holder of Bitcoin, trailing only Strategy, Metaplanet, and Twenty One Capital. CEO Matt Cole has indicated a potential path for Strive to become the second-largest public Bitcoin holder by the end of the year, although he has cautioned that this outcome is not guaranteed.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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