Strive Snags 3,311 Bitcoin in Largest Acquisition Since January

• Strive acquired 3,311 $BTC for approximately $280 million, bringing its total holdings to 32,773 $BTC, one of the largest corporate Bitcoin treasuries.
• The company paid an average price of $84,500 per $BTC, including fees and expenses, according to its SEC filing.
• The firm aims to become the second-largest publicly traded Bitcoin holder by the end of 2026, although it still trails Metaplanet by 11,227 $BTC.

Strive, the company founded by Vivek Ramaswamy, announced the purchase of 3,311 Bitcoin for approximately $280 million, its largest acquisition since January. The transaction increased its corporate holdings to 32,773 $BTC, according to a filing submitted to the U.S. Securities and Exchange Commission (SEC).

The purchases took place between October 5 and 9, at an average price of approximately $84,500 per Bitcoin, including fees and expenses.

The last acquisition of this magnitude occurred in January, when Strive added approximately 5,048 $BTC through its all-stock merger with Semler Scientific.

Strive Closes the Gap With MARA’s Bitcoin Holdings

With 32,773 $BTC, the firm ranks fifth among publicly traded companies with the largest Bitcoin holdings, according to Bitcoin Treasuries data.

Ahead of Strive are Strategy, with 848,250 $BTC; Metaplanet, with 44,000 $BTC; Twenty One, with 43,514 $BTC; and MARA, with 35,577 $BTC.

Strive CEO Matt Cole previously outlined the goal of ending 2026 as the second-largest publicly traded company by Bitcoin holdings.

To surpass Metaplanet, the company would need to acquire another 11,227 $BTC, worth approximately $937.5 million based on the valuation used in the report.

The Company Expands Its Financing to Buy $BTC

Strive has used various capital markets transactions to finance its Bitcoin purchases, including the issuance of SATA perpetual preferred stock.

According to its SEC filing, the company’s cash and cash equivalents increased from $284.7 million to $310.3 million over the past week, despite the $BTC acquisition.

During that period, the number of Class A common shares outstanding increased by approximately 9.5 million, while outstanding SATA preferred shares rose by 532,094.

The company also holds 505,000 STRC preferred shares issued by Strategy, another financial instrument linked to Bitcoin.

Meanwhile, SATA currently offers an annualized dividend rate of 13%, with daily payments.

Strategy Executive Chairman Michael Saylor praised Strive’s latest purchase, which far exceeded the 250 $BTC acquired by Strategy during the previous week.