Wu said that Strive CEO Matt Cole tweeted that as of Tuesday, the company had increased its holdings by 2,822 Bitcoins worth approximately $235 million, bringing its total holdings to 35,595 Bitcoins. The company also exercised about 13.7 million of the remaining 15.3 million warrants, expecting total proceeds of $369 million. The cumulative exercise ratio for traditional warrants has reached 94%, with a leverage ratio of 47%.