Nasdaq-listed Bitcoin treasury company Strive has bought a further 3,311 BTC, taking its total holdings to 32,773 Bitcoin.
Chief executive Matt Cole announced the purchase on 13 October, alongside details of $208m in warrant exercises and a new binding $100 minimum issue price for SATA preferred shares.
The latest acquisition increased Strive’s Bitcoin balance from 29,462 BTC by approximately 11.2%. The company did not disclose the transaction’s total cost or average purchase price.
Cole said about 15.3 million warrants remained outstanding ahead of their 5pm Eastern Time deadline on 13 October. Investors had already exercised approximately $208m worth of warrants.
Strive’s earlier Securities and Exchange Commission filings set the warrant exercise price at $27 per share, following an adjustment for the company’s previous reverse stock split. An 5 October filing reported approximately 23.25 million shares underlying traditional warrants as of 2 October.
Exercising the warrants can provide Strive with capital in return for issuing additional common shares, although the amount available for Bitcoin purchases depends on the exercise method, settlement terms and how the proceeds are allocated. The company has not said whether any of the $208m was used to fund the latest purchase.
The latest addition is among Strive’s largest weekly Bitcoin acquisitions since it began expanding its treasury in 2025. The company reported holdings of 25,000 BTC in September after buying 469 Bitcoin for approximately $36.6m at an average price of about $77,954 per coin.
Its reported holdings then rose to 27,462 BTC by 28 September and reached 29,462 BTC in early October.
Strive says its Bitcoin purchases are financed through capital raised from common shares and preferred stock. Its strategy is intended to increase the amount of Bitcoin attributable to each common share, although issuing new shares also increases the number of shares in circulation.
The company’s Bitcoin reserves were also boosted by its January 2026 acquisition of Semler Scientific, completed through an all-stock transaction after shareholder approval. The deal transferred approximately 5,048 BTC to Strive, lifting its holdings to nearly 12,798 BTC at the time.
Strive later said it had retired approximately $110m of Semler-related debt through SATA financing. By late January, the combined company’s holdings had passed 13,000 BTC.
Cole also confirmed that Strive had incorporated a $100 minimum issuance price for SATA, its Variable Rate Series A Perpetual Preferred Stock, into its governing documents. The restriction had previously been communicated as a policy for at-the-market and follow-on offerings.
SATA is used to support Strive’s Bitcoin treasury operations and pays cash dividends. In September, the board maintained its annual dividend rate at 13% for periods beginning 1 October. A 14 September Form 8-K set daily payments at $0.0516 per share for each business day during October 2026.
In June, Strive announced plans to expand its ASST common stock and SATA preferred share capital-raising programmes by $4.2bn to support future Bitcoin purchases.
