A big corporate buyer has stepped back into the Bitcoin market. Nasdaq-listed treasury company Strive said in a filing on Tuesday that it bought 3,311 Bitcoin last week, even as prices stayed under pressure in the low $80,000 range.
The company paid an average price of about $84,500 per coin in the week ending October 9. The buy lifted its total treasury from 29,462 BTC to 32,773 BTC, worth roughly $2.7 billion at recent prices, and keeps Strive as the fifth-largest publicly traded corporate holder of Bitcoin.
The money came from investors exercising warrants. Chairman and CEO Matt Cole said about $208 million in warrants were exercised, with roughly 15.3 million warrants still outstanding ahead of their expiry on Tuesday at 5 p.m. Eastern Time. Strive said its Bitcoin per share rose 11.2%, growing faster than its effective share count, which rose 9.4%.
Strive also tightened the rules for its SATA preferred shares, making a $100 minimum issuance price a binding part of its governing documents. The company has built its treasury mainly by raising money in the stock market and turning it into Bitcoin, a model made famous by larger treasury firms.
For traders, the message is mixed but important. While Bitcoin funds have seen heavy outflows in recent days, some companies are still buying in size near $84,000. Traders will now watch whether more warrant money turns into more Bitcoin buying, and whether Bitcoin can hold the low $80,000 area and push back toward $84,500, the level Strive just paid.
Read also: BREAKING: Saylor's Strategy Now Holds 848,250 Bitcoin — But Its Latest Buy Is the Smallest of 2026
This post is news only, not financial advice. Always do your own research before buying or selling crypto.
Sources: Cointelegraph, Coin Edition, Crypto.news, CoinTurk
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