Strive buys Bitcoin at a pace to double holdings every 12 weeks

  • Strive is buying Bitcoin at a pace to double its holdings about every 12 weeks.
  • $2.5 billion is the approximate threshold surpassed by Strive’s balance sheet.
  • Oct. 13 marks the expiration date for $700 million in stock warrants.

Strive is buying Bitcoin at a pace that would double its holdings about every 12 weeks, chief risk officer Jeff Walton said. The company’s balance sheet has exceeded $2.5 billion, while it raises capital through common and preferred stock offerings and uses a 25% to 50% return benchmark. Stock warrants worth $700 million are due to expire on Oct. 13, Bitcoin Magazine reported.

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