One warrant exercise, and instead of sitting on cash, Strive walked away with 2,822 bitcoin. The company recently completed the exercise of traditional warrants, pulling in $369.2 million in total proceeds, then turned around and spent $235 million of it on this bitcoin haul.
Do the math and the bitcoin buy only ate up about 63% of what came in from the exercise — where the rest of the money went hasn't been disclosed yet. Two figures are what we can confirm for now: $369.2 million in total proceeds, and $235 million spent on the purchase.
That's as far as the public disclosure goes — timing of the trade, the average price paid per bitcoin, and what happens with the rest of the funds remain unexplained for now.
