Why would you want to do that? $29.99 for 20 studs and the tool + $25 for a cheap tire = 54.99 and you still only have 20 studs.
Do some searching and you can easily find good Nokian studded tires for less than what you want to do. It will be a better ice tire with more studs.
Innova Tires
Nokian Tires