Key facts
- Strive aims to double its Bitcoin holdings every 12 weeks.
- Strive's balance sheet has surpassed $2.5 billion in total strength.
- The company's Bitcoin accumulation is funded by common stock and preferred ATMs.
- Warrants totaling $700 million are set to expire on October 13.
Strive, a company that has been one of the best-performing stocks in the Russell 2000 over the past month, is aggressively scaling its Bitcoin acquisition strategy. Chief Risk Officer Jeff Walton stated that the company is on pace to double its Bitcoin holdings approximately every 12 weeks. In a conversation with Grace Remington and Sean Hagan, Walton detailed how Strive manages its liquidity to support this rapid growth, noting that its balance sheet has now crossed $2.5 billion in total strength. He explained that the company's common stock and preferred ATMs are instrumental in funding its Bitcoin purchases. Walton also discussed the implications of $700 million in warrants expiring on October 13, particularly concerning leverage and future product development. He concluded by highlighting what he perceives as systemic credit risk that the broader market is underpricing.