Strive buys 4,045 more bitcoin with warrant money, now holds 36,818 BTC
A US company with bitcoin in its treasury bought 4,045 BTC in a week. Warrant holders paid for it, and the next $630M should come from new preferred shares.
事件: 2026年10月19日
原始来源: 2026年10月19日
本站发布时间: 2026年10月20日 12:55 UTC
阅读: 2 分钟
发生了什么
Strive, a Nasdaq-listed company, told the SEC on 19 October that from 12 to 16 October it bought 4,045 BTC at an average of about $82,803 including fees. It now holds 36,818 BTC, up from 32,773 a week earlier.
为什么和你有关
Companies like this buy bitcoin with investors' money, and that is real demand the market feels. Strive also issues a lot of new shares: about 13.7 million more in one week. Each holder's stake gets diluted, but there is more bitcoin per share.
要核实和关注什么
A sale of 7 million SATS preferred shares, expected to raise about $630M before fees, is due to settle on 20 October. Watch whether that money also goes into bitcoin.
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.
已确认的事实
- 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]
影响
- 已确认One company alone brought about $335M of direct bitcoin demand in a week.
- 我们的解读If the SATS money also goes into bitcoin, demand from Strive will continue.
仍未知
- 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.
影响到谁
US. Anyone watching bitcoin demand and companies with bitcoin treasuries
来源
封面：Freekonomist 图示，象征性图片，不是事件现场照片。 这是新闻解读，不构成投资建议。
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