Summary
- Strive said it purchased an additional 72.3 Bitcoin using funds raised by exercising warrants.
- The average price for this purchase was $114,303 per BTC.
- Strive's total Bitcoin holdings are 5958BTC, and the average purchase price per coin is $116,032.
Strive, a Bitcoin (BTC) reserve company, has purchased additional Bitcoin using funds raised through the exercise of warrants.
On the 28th (local time), CoinDesk reported that Strive purchased a total of 72.3BTC for about $8.26 million. The average purchase price was $114,303 per BTC.
This Bitcoin purchase was made using funds raised through the exercise of warrants linked to a prior $750 million PIPE financing. Approximately 6.11 million warrants were exercised at $1.35 per share, bringing in about $8.26 million.
Strive's total Bitcoin holdings now stand at 5958BTC. The average purchase price per coin is $116,032.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
