Strive Continues Stacking BTC But There’s a Catch

Just a week after completing its largest bitcoin acquisition to date, the Matt Cole-led company has announced a fresh purchase for a more modest amount of 124 $BTC.

Strive spent $10 million to increase its portfolio in the past week, while the average price was just over $80,500. Its total holdings have grown to 43,124 $BTC.

Strive acquired 124 $BTC for $10M at an average cost of $80,526 per bitcoin, bringing total holdings to ₿43,124.

- Existing cash funded most purchases
- SATS ATM used for first time, representing 100% of weekly ATM proceeds
- Amplification Ratio: 62.7%

$ASST $SATA $SATS https://t.co/rFrS6y4AVc

— Matt Cole (@ColeMacro) November 2, 2026

Aside from the $BTC acquisition, the SEC filing shows that Strive’s cash and cash equivalent reserves declined from $504.4 million to $490.4 million, which aligns with the company’s statement that existing cash funded most of the bitcoin purchase.

Strive continues to hold 505,000 STRC shares (the Perpetual Stretch Preferred Stock of Strategy), while its own preferred stock increased by 3,418 shares to 7,003,418. SATA stocks remained unchanged at just over 14 million.

Today’s announcement contrasts with the one from the previous week in terms of sheer size. At the time, Strive broke its own record, completing its largest single $BTC acquisition to date by adding 6,182 units for over $511 million.