Strive Discloses $718 Million in Warrants Pending Exercise at $27 per Share

Odaily reports that Matt Cole, CEO of Bitcoin treasury company Strive, stated that as of September 11, the company still has approximately $718 million in PIPE warrants that have not yet been exercised, with an exercise price of $27 per share.

Due to the U.S. Columbus Day holiday, the exercise deadline has been extended from October 12 to 5:00 PM Eastern Time on October 13, with all other terms unchanged. According to the company's SEC filings, the unexercised warrants correspond to approximately 26.596 million shares, and full exercise could bring in approximately $718 million in capital.