Strive bought 4,045 BTC between October 12 and 16 for roughly $335 million, lifting its treasury to 36,818 BTC—worth more than $3 billion at current prices.

  • Investors exercised warrants for 13.67 million shares, raising $369.2 million.
  • Class A shares jumped 13.5%, creating dilution risk for existing holders.
  • Strive priced a $630 million 15% SATS preferred offering, scheduled to settle October 20.

LaunchBar take: the corporate Bitcoin flywheel is accelerating—capital markets are becoming a recurring BTC bid. Strive’s accumulation is bullish for Bitcoin, but traders must price in dilution and watch whether the preferred offering funds another aggressive purchase.