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Strive stacks 2,822 more Bitcoin, edging past MARA in treasury rankings
Its 35,595 BTC treasury puts it ahead of MARA Holdings, which holds 35,577 BTC following a recent sale.
Strive’s Bitcoin holdings have risen to 35,595 BTC after the company acquired another 2,822 Bitcoin for $235 million through Tuesday, CEO Matt Cole wrote on X.
With Bitcoin hovering around $82,000 at press time, the company’s BTC stash is now valued at about $2.9 billion. Strive has also overtaken MARA Holdings, whose holdings fell to 35,577 BTC after a recent sale, to rank as the fourth-largest corporate Bitcoin holder.
The update follows the company’s Oct. 13 announcement that it bought 3,311 BTC at an average price of about $84,500 per coin from Oct. 5 through Oct. 9.
Strive also disclosed that 13.7 million of its 15.3 million remaining warrants had been exercised, bringing in $369 million in gross proceeds. In total, 94% of traditional warrants have now been exercised, while the company’s amplification ratio stands at 47%.