Strive buys 4,045 more bitcoin with warrant money, now holds 36,818 BTC

What the filing says. From 12 to 16 October Strive bought 4,045 BTC at an average of about $82,803. Of that, 2,822 BTC were bought on 12-13 October, which the company already reported on 14 October. Another 1,223 BTC were bought on 14-16 October at an average of about $81,734. Prices include fees and expenses.

Where the money came from. On 12-13 October holders of old warrants exercised 273,493,909 of them for 13,674,703 new Class A shares, bringing in about $369.2M. A warrant is a right to buy a share at a set price. The rest of the warrants, inherited from the September 2025 merger with Asset Entities, expired on 13 October. Class A shares rose to 114.8 million from 101.2 million a week earlier.

What is next. On 15 October Strive priced 7 million SATS preferred shares paying a 15% dividend at $90 each. That is about $630M before fees, with settlement set for 20 October. The company also holds about $317.5M in cash and about $49.3M of Strategy's STRC preferred shares.

Context. Strive is one of the companies that hold bitcoin as their main treasury asset, following Strategy's model. They bring demand to the market, but they depend on investors being willing to keep buying their new securities.

Hechos confirmados

• From 12 to 16 October 2026 Strive bought 4,045 BTC at an average of about $82,803 including fees and expenses.^[1][2]
• Its holdings rose to 36,818 BTC from 32,773 on 9 October.^[1][2]
• 1,223 of those BTC were bought on 14-16 October at an average of about $81,734.^[1]
• On 12-13 October, 273,493,909 warrants were exercised for 13,674,703 Class A shares, for about $369.2M.^[1][2]
• On 15 October the company priced 7 million 15% SATS preferred shares at $90, expecting about $630M before fees, settling 20 October.^[1]
• Cash and equivalents were about $317.5M as of 16 October.^[1]

Implicaciones

• ConfirmadoOne company alone brought about $335M of direct bitcoin demand in a week.
• Nuestra lecturaIf the SATS money also goes into bitcoin, demand from Strive will continue.

Todavía no se sabe

• How much of the $630M from SATS will go into bitcoin.
• How long investors will keep buying securities that pay a 15% dividend.
• How the company will pay such dividends if bitcoin falls for a long time.

A quién afecta

US. Anyone watching bitcoin demand and companies with bitcoin treasuries

Fuentes

1. US SEC (EDGAR), Strive, Inc.: Form 8-K: Strive bitcoin purchases 12-16 October 2026 19 de octubre de 2026 · oficial
2. Bits.media: Компания Strive купила биткоины на $335 млн 20 de octubre de 2026 · medios