Strive Buys 3,311 Bitcoin for ~$280M, Issues 9.5M New Shares in a Week
ASST has more than doubled off its 52-week low of $7.02.
Summary
Strive bought 3,311 bitcoin for ~$280M and issued 9.5M new common shares in one week, continuing its dilutive bitcoin accumulation strategy. Its total bitcoin treasury reached 32,773 BTC as of Oct. 9, and it holds 505,000 shares of Strategy's STRC preferred stock. Investors exercised $208 million in warrants, with about 15.3 million remaining before Tuesday's expiration, and Strive set a binding $100 minimum issuance price for SATA preferred shares.
Updated with a Cointelegraph report · What changed
Updates
· SEC 8-K — All remaining PIPE warrants were exercised for $369.2M, and Strive bought 2,822 more bitcoin at an average price of $83,266.
- Warrant Exercises — 273,493,909 traditional warrants were exercised for 13,674,703 Class A common shares from October 12-13, 2026.
- Bitcoin Purchase — Bitcoin purchase occurred from October 12-13, 2026 at an average price of $83,266 inclusive of fees and expenses.
All 5 details
- 273,493,909 traditional warrants were exercised.
- 13,674,703 Class A common shares were purchased from warrant exercises.
- Warrant exercises occurred from October 12-13, 2026.
- Bitcoin purchase occurred from October 12-13, 2026.
- The average Bitcoin price of $83,266 was inclusive of fees and expenses.
· Cointelegraph — Investors exercised $208 million in warrants, with about 15.3 million remaining before Tuesday's expiration, and Strive set a binding $100 minimum issuance price for SATA preferred shares.
· The Block — Strive's total bitcoin treasury reached 32,773 BTC as of Oct. 9, and it holds 505,000 shares of Strategy's STRC preferred stock.
- SATA is Variable Rate Series A Perpetual Preferred Stock.
- SATA is a high-yield, bitcoin-backed instrument modeled on STRC.
- SATA offers a 13% annualized dividend rate, paid daily.
Key Events · Financing and Capital Events · ASST
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New · · The Block
Total Bitcoin Treasury Reaches 32,773 BTC
Strive's total bitcoin treasury reached 32,773 BTC as of Oct. 9.
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New · · The Block
Strive Holds 505,000 Shares of Strategy's STRC Preferred
Strive holds 505,000 shares of Strategy's STRC preferred stock.
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Updated · · Cointelegraph
Warrant Overhang Declines as Investors Exercise $208M
Shares underlying traditional warrants fell by 7,993,806 (from 23,249,706 to 15,255,900), indicating warrant exercises or expirations converting into common stock. Investors exercised $208 million in warrants, with about 15.3 million remaining before Tuesday's expiration.
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Updated · · Cointelegraph
SATA Preferred Diluted; $100 Minimum Issuance Price Set
SATA preferred shares outstanding increased by 532,094 to 14,030,176, adding to the capital-raising mix. SATA is Variable Rate Series A Perpetual Preferred Stock, a high-yield, bitcoin-backed instrument modeled on STRC, offering a 13% annualized dividend rate, paid daily. Strive set a binding $100 minimum issuance price for SATA preferred shares.
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3,311 Bitcoin Purchased
Strive acquired 3,311 BTC between Oct 5-9, 2026 at an average price of ~$84,500 per bitcoin, inclusive of fees — approximately $280 million in new treasury exposure.
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9.5M New Common Shares Issued
Class A common shares outstanding rose from 91,708,804 to 101,169,907 — a 10.3% increase in one week, funding the bitcoin purchase through continued ATM dilution.
Analysis · ASST · Crypto Assets
Strive continued its aggressive bitcoin accumulation, purchasing 3,311 BTC at an average of $84,500 per coin between October 5-9, 2026 — roughly $280 million in new treasury exposure. The purchase was funded in part by issuing 9.46 million new Class A shares, a 10.3% increase in the common share count in a single week. This is the same dilutive ATM-driven strategy that has defined Strive's 2026: the company has now issued shares in every recent reporting period to fund bitcoin buys, and the pace is accelerating. The filing also shows traditional warrant overhang dropped by 8 million shares, suggesting warrant exercises or expirations are converting into common stock, adding to the dilution. Investors exercised $208 million in warrants, with about 15.3 million remaining before Tuesday's expiration. Strive's total bitcoin treasury reached 32,773 BTC as of Oct. 9, and it holds 505,000 shares of Strategy's STRC preferred stock. SATA is Variable Rate Series A Perpetual Preferred Stock, a high-yield, bitcoin-backed instrument modeled on STRC, offering a 13% annualized dividend rate, paid daily, with a binding $100 minimum issuance price. For a company that reported a $257.6 million Q2 loss driven by bitcoin price declines, this represents a leveraged bet on bitcoin at a time when the stock trades at $27.63 — the strategy amplifies both upside and downside for common shareholders.
How filings like this one have moved
In the 30 days to Oct 29, 2026, 39.1% of the 988 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ASST was trading at $27.63 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $2.8B. The 52-week trading range was $7.02 to $36.80. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.