Bitcoin Treasury Firm Strive Adds 72 BTC to Treasury After Warrant Exercises
Strive, (ASST) has added 72 bitcoin BTC$114,183.19 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.
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
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Updates: U.S.-China Trade Agreement Brings Temporary Relief to Crypto, Yet Uncertainty Remains
- U.S.-China trade deal suspends tariffs until 2026, boosting crypto optimism as Fear & Greed Index rises to 37. - Bitcoin and Ether see minor gains, but market remains in "Fear" zone amid lingering trade uncertainties. - Analysts suggest October crash marked a bull cycle bottom, anticipating long-term recovery for crypto assets. - Fed's rate cut and policy shifts create a more accommodative environment, though future uncertainty persists.
LTC - Drops 1.29% Following Earnings Outlook
- LTC Properties (LTC.N) fell 1.29% in 24 hours to $100.08, but rose 3.54% in 7 days and 4.92% in 1 month. - Analysts expect Q3 2025 earnings of $0.31/share and $33.19M revenue, a 40.5% decline YoY, with a "hold" rating from 8 of 8 analysts. - 12-month median price target is $37.00 (5.2% above $35.08), but LTC has missed 3 of 4 recent earnings forecasts by 23% on average. - Backtests show mixed post-earnings performance: -1-3% short-term returns (33-67% win rate) and 5-16% medium-term gains, lacking statis
Bitget's 2030 Bullish Outlook vs. CoinCodex's Pessimistic Scenario: AEVO Faces Uncertain Volatility
- Bitget forecasts AEVO's 5% annual growth to $0.07686 by 2030, while CoinCodex predicts a 24.8% near-term price drop to $0.04353 by December 2025. - Technical indicators show bearish momentum (RSI 35.27) with critical support at $0.05444 and resistance at $0.06108 as key price levels. - Market dynamics include token unlock risks, regulatory uncertainty, and sector-wide trends like Eos Energy's recent 228 MWh order influencing AEVO's trajectory. - Divergent analyses highlight crypto market volatility, requ
Shiba Inu is Under Fire: Key Leak Threatens SHIB’s Stability and Investor Confidence
Trending news
MoreCrypto prices
More
