Strive has further expanded its corporate cryptocurrency portfolio by acquiring another 124 BTC for roughly $10 million, continuing to build one of the largest Bitcoin treasuries.
Following this latest purchase, Strive’s total holdings have risen to 43,124 BTC, bringing the firm within striking distance of several leading publicly traded Bitcoin investors.
While this particular acquisition is modest in comparison to the company’s recent buys, the firm’s financing approach and expanding reserves warrant close attention.
TL;DR
- Strive acquired 124 BTC for approximately $10 million, raising its aggregate Bitcoin holdings to 43,124 BTC.
- The purchase was funded through a combination of existing cash and the SATS preferred stock program.
- Strive currently stands as the fourth-largest publicly traded corporate holder of Bitcoin, targeting a higher ranking prior to the close of 2026.
Strive Bitcoin Holdings Continue to Grow
A recent filing with the US Securities and Exchange Commission shows that Strive bought 124 Bitcoin between October 24 and October 30.
The average price paid was approximately $80,526 per BTC, a figure that accounts for transaction fees and expenses.
This addition comes on the heels of an exceptionally busy October during which Strive accumulated roughly $1.25 billion in Bitcoin.
The aggressive accumulation strategy has drawn widespread interest throughout the crypto sector.
Back in September, it was reported that Strive purchased 1,107 Bitcoin for $94.5 million, pushing its reserves past the 27,400 BTC threshold.
Since that time, the company’s treasury has grown substantially.
This recent buy signals Strive’s ongoing commitment to its Bitcoin-centric investment plan, regardless of broader cryptocurrency price fluctuations.
Strive Introduces Another Way to Fund Bitcoin Purchases
A notable aspect of this latest transaction is how Strive chose to finance it.
Instead of relying solely on its existing cash reserves, the company tapped into its SATS preferred stock at-the-market offering program for the very first time.
Initiated on October 26, this financing mechanism enables Strive to issue up to $1 billion in preferred shares progressively over time.
This setup grants the firm greater financial flexibility for upcoming Bitcoin acquisitions and standard operational expenses.
As of October 30, Strive reported cash and cash equivalents totaling roughly $490.4 million, down slightly from $504.4 million the preceding week.
This funding method reflects a broader pattern emerging among corporate Bitcoin investors.
Businesses are increasingly engineering capital-raising frameworks that let them amass digital assets without depending strictly on operational cash flow.
At the same time, preferred stock financing brings associated dividend obligations and other financial factors into play.
Can Strive Become the Second-Largest Corporate Bitcoin Holder?
Strive’s expanding digital asset treasury has put it neck-and-neck with the market’s largest public holders.
Data on corporate treasuries indicates that Strategy remains the undisputed leader with roughly 849,327 BTC.
Other top holders feature:
- Metaplanet: 44,000 BTC
- Twenty One Capital: 43,514 BTC
- Strive: 43,124 BTC
Based on these figures, Strive sits a mere 390 BTC behind Twenty One Capital and 876 BTC behind Metaplanet.
CEO Matt Cole previously addressed the possibility of Strive ascending to the second-largest publicly traded corporate Bitcoin holder before the conclusion of 2026.
Reaching that milestone would be significant, though it hinges heavily on the purchasing activity of rival firms.
Metaplanet has likewise proven its dedication to gathering Bitcoin.
Previous analyses have highlighted Metaplanet’s expanding treasury strategy and its rise among major corporate investors.
Corporate Bitcoin Competition Raises New Questions
The race among Bitcoin treasury companies goes well beyond mere coin counts.
Market participants must also weigh financing costs, potential shareholder dilution, liquidity levels, and the long-term viability of these accumulation models.
Strategy, for instance, has routinely utilized capital-market financing to fuel its cryptocurrency investments.
Earlier observations of Strategy’s financing initiatives showed how such structures can facilitate future buys.
Similar dynamics are expected to play a critical role for Strive as its own reserves scale up.
While a larger Bitcoin stash boosts a company’s crypto exposure, it does not automatically guarantee better returns for shareholders.
What Comes Next for Strive?
Strive’s most recent $10 million buy proves that its accumulation strategy is still running full steam ahead.
Holding 43,124 BTC on its balance sheet puts the corporation near the top tier of corporate Bitcoin rankings.
Future observation will reveal whether Strive ramps up its acquisition pace, expands its preferred stock financing, or modifies its playbook in response to shifting market conditions.
For the time being, the ongoing accumulation underscores the rising prominence of corporate Bitcoin treasury programs across the industry.
Written by
Yuki Yamamoto
