Strive Adds 3,311 Bitcoin as Warrants Covering 15.3M Shares Near Expiry

The warrant expiry is the real event here, not the bitcoin purchase itself: exercises that raise $208 million hand Strive fresh capital while the bitcoin is bought ahead of that deadline, so the company is effectively converting a maturing instrument into treasury exposure. Locking the $100 floor on the SATA preferred into the charter is the quieter but more structural move, since it constrains future issuance below that level. Whether the warrant exercises are fully taken up, and how much of the proceeds keep flowing into bitcoin, is the open question.