Strive acquires 1,223 BTC for $100 million, holdings reach 36,818 BTC

Strive acquired 1,223 BTC between October 14-16, 2026 for approximately $100 million, bringing total holdings to 36,818 bitcoin. The purchase followed warrant exercises on October 12-13 that generated approximately $369.2 million in gross proceeds. Strive priced a 7 million-share SATS preferred stock offering on October 15, 2026 at $90 per share, expected to raise approximately $630 million before costs, settling October 20, 2026.

Bitcoin acquisition details

• ▪Strive acquired 1,223 BTC between October 14, 2026 and October 16, 2026
• ▪Strive paid an average of approximately $81,734 per bitcoin for the 1,223 BTC purchase made between October 14 and October 16, 2026, including fees and expenses
• ▪Strive holds 36,818 bitcoin as of October 16, 2026
• ▪Strive paid an average of approximately $82,803 per bitcoin for the 4,045 BTC purchased during the week of October 12 to October 16, 2026
• ▪Strive disclosed its purchase of 1,223 bitcoin (BTC) in a Form 8-K filed on October 19, 2026
• ▪Strive held 32,773 BTC as of October 9, 2026
• ▪Strive added 4,045 BTC in total during the week ending October 16, 2026

Warrant exercise completion

• ▪Warrant holders exercised 273,493,909 of Strive's traditional warrants on October 12, 2026 and October 13, 2026 for 13,674,703 Class A shares
• ▪Strive no longer has any traditional warrants outstanding as of October 19, 2026
• ▪Strive's remaining traditional warrants, taken on in its merger with Asset Entities, lapsed unexercised on October 13, 2026
• ▪Strive merged with Asset Entities in September 2025
• ▪Strive's warrant exercises on October 12 and October 13, 2026 brought in approximately $369.2 million in gross proceeds to Strive

Class A share count

• ▪Strive's cash and cash equivalents rose to $317.5 million from $310.3 million between October 9, 2026 and October 16, 2026
• ▪Strive's Class A share count increased to 114,847,610 from 101,169,907 following the warrant exercises on October 12 and October 13, 2026

SATS preferred stock offering

• ▪Strive holds 505,000 shares of Strategy's STRC preferred stock, valued at $49.3 million as of October 16, 2026
• ▪No Strive SATS preferred shares were outstanding as of October 16, 2026
• ▪Strive priced a 7 million-share offering of SATS preferred stock on October 15, 2026 at $90 per share
• ▪Strive's SATS preferred stock offering has a $700 million stated amount
• ▪Strive's SATS preferred stock offering is scheduled to settle on October 20, 2026, subject to customary closing conditions
• ▪Strive's SATS preferred stock is a perpetual Series A security paying a 15% dividend
• ▪Strive listed the purchase of bitcoin and bitcoin-related products among the planned uses of its SATS preferred stock offering's net proceeds