--- title: "Strive Expands Bitcoin Treasury to 43,000 BTC, Files $1 Billion Stock ATM" description: "The firm purchased 6,182 BTC for $511.4 million and launched a program to sell up to $1 billion in preferred shares." url: https://basisdesk.news/news/strive-bitcoin-treasury-43k-btc-1b-sats-atm published: 2026-10-27T03:38:53.730Z modified: 2026-10-27T03:38:53.730Z section: Institutions & ETFs author: Basis Desk Newsroom (AI-generated, source-verified) sentiment: bullish tickers: [BTC] tags: [bitcoin, strive, corporate-treasury, sats-preferred-stock] license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice. --- # Strive Expands Bitcoin Treasury to 43,000 BTC, Files $1 Billion Stock ATM The firm purchased 6,182 BTC for $511.4 million and launched a program to sell up to $1 billion in preferred shares. ## At a glance - **What happened:** Strive acquired 6,182 BTC for $511.4 million and filed a prospectus supplement to issue up to $1 billion in SATS preferred stock. - **Why it matters:** The expanded bitcoin reserve of 43,000 BTC and new $1 billion ATM program provide Strive with sustained equity capacity to fund crypto treasury purchases. - **Who is affected:** Strive, its equity and preferred stock shareholders, and sales agents including Cantor Fitzgerald and Barclays. - **Takes effect:** 2026-10-26 - **What's next:** Strive will pay its initial SATS dividend of $0.8710 per share on Nov. 9 to holders of record as of Nov. 6. - **Status:** announced - **Primary source:** [Strive’s Bitcoin Treasury Reaches 43,000 BTC as It Files a $1 Billion SATS ATM](https://unchainedcrypto.com/strives-bitcoin-treasury-reaches-43000-btc-as-it-files-a-1-billion-sats-atm/) — unchainedcrypto.com ## Key points - Strive purchased 6,182 BTC for $511.4 million between Oct. 17 and Oct. 23, reaching a total treasury of 43,000 BTC. - The firm filed a prospectus to issue up to $1 billion in 15% Series A Perpetual SATS Preferred Stock via an at-the-market program. - Strive's total 43,000 BTC reserve has an aggregate cost basis of $3.8 billion, averaging $87,785 per bitcoin. ## Editorial remark - **Context:** Strive has rapidly scaled its bitcoin treasury strategy following the initial public offering of its high-yield SATS preferred stock structure. - **Impact:** The firm expands its capacity to purchase spot bitcoin using capital markets proceeds, joining other corporate issuers in leveraged treasury strategies. - **Watch:** The upcoming Nov. 6 record date and Nov. 9 payment date for Strive's declared $0.8710 per share initial SATS dividend. Asset manager Strive increased its corporate treasury holdings to 43,000 $BTC after purchasing 6,182 bitcoin between Oct. 17 and Oct. 23, according to an Oct. 26 disclosure [1]. The acquisitions were executed at an average price of $82,732 per coin including fees, bringing total purchases for the week to $511.4 million, CEO Matt Cole stated [1]. At the time of writing, $BTC traded around $79,766. Alongside the treasury update, Strive filed a prospectus supplement for an at-the-market (ATM) offering allowing the company to issue and sell up to $1 billion of its 15.00% Series A Perpetual SATS Preferred Stock over time [1]. The treasury expansion follows the Oct. 20 closing of Strive's initial 7 million-share SATS public offering, building on previous momentum when [Strive held 36,818 Bitcoin](https://basisdesk.news/news/strive-bitcoin-treasury-ranks-fourth-public-companies) [1]. Strive's total bitcoin position now carries an aggregate acquisition cost of $3.8 billion, representing an average purchase price of $87,785 per coin including fees [1]. As of Oct. 23, the fair value of its holdings stood at $3.5 billion [1]. The company's cash and cash equivalents grew to $504.4 million during the week, complemented by 505,000 shares of Strategy's STRC preferred stock valued at $50.2 million [1]. ## Structure of the $1 Billion ATM Offering Under the newly filed program, Strive can sell SATS shares on Nasdaq or through other channels at prevailing market prices [1]. Seven sales agents are participating in the ATM structure, including Cantor Fitzgerald, Barclays, Clear Street, StoneX, B. Riley Securities, Maxim Group, and H.C. Wainwright [1]. The agents earn commissions of up to 2% of gross proceeds and are under no obligation to sell specific quantities [1]. The SATS stock carries a cumulative 15% annual dividend on a $100 stated amount, which also serves as its liquidation preference floor [1]. As of Oct. 23, the preferred shares last traded at $94.88 [1]. Proceeds from the offering are designated for general corporate purposes, including the purchase of additional bitcoin, bitcoin-related products, working capital, income-generating assets, preferred dividends, and share buybacks [1]. Strive did not allocate fixed percentages to specific uses [1]. The company's board declared its initial SATS dividend of $0.8710 per share, set for payment on Nov. 9 to shareholders of record as of Nov. 6 [1]. Fully executing the $1 billion offering at the $100 liquidation preference price would increase outstanding SATS shares from 7 million to 17 million [1]. ## FAQ **How many bitcoins does Strive currently hold?** Strive holds 43,000 BTC with a total cost basis of $3.8 billion, averaging $87,785 per coin as of Oct. 23, 2026. **What is Strive's SATS stock structure?** SATS is a 15% Series A Perpetual Preferred Stock with a $100 stated liquidation preference floor that pays a cumulative annual dividend. ## Sources 1. [Strive’s Bitcoin Treasury Reaches 43,000 BTC as It Files a $1 Billion SATS ATM](https://unchainedcrypto.com/strives-bitcoin-treasury-reaches-43000-btc-as-it-files-a-1-billion-sats-atm/) — unchainedcrypto.com, 2026-10-26 --- Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai