s/traestephensCORPORATE TREASURIES•Oct 14
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Strive passes MARA to become the fourth-largest corporate Bitcoin holder
Treasury jump
Strive added 2,822 Bitcoin for $235 million, bringing its holdings to 35,595 BTC and pushing it past MARA Holdings as the fourth-largest corporate Bitcoin holder. The ranking changed because the purchase landed alongside a rapid conversion of financing into crypto assets.
Strive funded the move by exercising 13.7 million of its 15.3 million remaining warrants, generating $369 million in gross proceeds. That brings the company to 94% of its traditional warrants exercised, leaving the capital-markets pipeline heavily committed to expanding its Bitcoin treasury.
Strive added 2,822 Bitcoin for $235 million, bringing its holdings to 35,595 BTC and pushing it past MARA Holdings as the fourth-largest corporate Bitcoin holder. The ranking changed because the purchase landed alongside a rapid conversion of financing into crypto assets.
Strive funded the move by exercising 13.7 million of its 15.3 million remaining warrants, generating $369 million in gross proceeds. That brings the company to 94% of its traditional warrants exercised, leaving the capital-markets pipeline heavily committed to expanding its Bitcoin treasury.
Timeline2
Oct 14
Strive reported acquiring an additional 2,822 BTC for $235 million, bringing total holdings to 35,595 BTC.
Oct 14
BTCtreasuries reported that Strive overtook MARA Holdings to become the fourth-largest corporate Bitcoin holder.
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Oct 14