Saylor Cheers Strive’s $280 Million Bitcoin Buy While Strategy Bought 85% Less
benzinga.com
13 October 2026 13:25, UTC
Strive ) bought 3,311 Bitcoin for $280 million last week, its largest purchase since January, while Strategy’s ) own buying pace has dropped roughly 85%.
What Strive Actually Bought
Strive disclosed in a Tuesday 8-K filing that it added 3,311 $BTC between Oct. 5 and Oct. 9, lifting total holdings to 32,773 $BTC at an average price near $84,500 per coin.
Strive CEO Matt Cole posted on X that the purchase also included $208 million in exercised warrants, with roughly 15.3 million warrants left to expire the same day.
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He added that SATA’s $100 minimum issuance price is now written directly into the company’s governing documents, formalizing a protection that previously existed only as policy.
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Strategy’s Michael Saylor reacted on X with a simple line: “₿ig strides.”
The purchase marks Strive’s biggest single-week Bitcoin addition since January, when it picked up roughly 5,048 $BTC through its all-stock merger with Semler Scientific.
Here’s where that puts Strive among the largest public Bitcoin holders:
Cole has publicly stated his goal of ending 2026 as the world’s second-largest public Bitcoin holder. Strive still trails Metaplanet by 11,227 $BTC, worth roughly $937.5 million.
Why Strategy’s Buying Has Slowed Sharply
Strategy’s own weekly purchases tell a very different story, with the company on Sept. 21-27, then the following week, and in the week ending Oct. 11, a roughly 85% decline across two consecutive drops.
Period
$BTC Purchased
Amount Spent
Sept. 21-27
1,665 $BTC
$142.7 million
Sept. 28-Oct. 4
334 $BTC
$28.7 million
Oct. 5-11
250 $BTC
$21.5 million
Two factors explain the slowdown:
Common-share sale proceeds dropped sharply, falling from $246.2 million in the first week to just $15.7 million and $21 million in the two weeks that followed
STRC preferred-stock buybacks ramped up at the same time, totaling $368.7 million across the latest two weeks, roughly 7.3 times what Strategy spent on Bitcoin over that same stretch
As Benzinga , Saylor has publicly framed Strive and other Bitcoin treasury rivals as allies rather than competitors, arguing that rising Bitcoin prices and growing investor trust in the category lift every company holding the asset, not just the one buying that week.
benzinga.com
