Bitcoin Treasury Firm Strive Adds 72 BTC to Treasury After Warrant Exercises

Core Insights - Strive has acquired 72 bitcoin (BTC) for approximately $8.26 million, funded through the exercise of traditional warrants from a previous PIPE financing transaction [1][2] - This purchase increases Strive's total bitcoin holdings to about 5,958 BTC, with a cumulative investment of $691.3 million and an average purchase price of $116,032 per bitcoin [2] - The warrants exercised to fund this purchase were part of a larger issuance of 555.3 million under a $750 million PIPE financing [3] Financial Details - The recent bitcoin acquisition was made at an average price of $114,303 per coin [1] - The exercise of approximately 6.11 million traditional warrants at $1.35 per share generated about $8.26 million in gross proceeds [2] - Following the recent surge in share price, Strive's shares experienced a premarket decline of 13.5% after doubling in value over the previous two sessions [3]