--- title: "Strive Expands Bitcoin Treasury to 36,818 BTC Ahead of $700 Million SATS Settlement" description: "The company acquired 1,223 BTC between Oct. 14 and Oct. 16, wrapping up a 4,045-coin week as its 15% preferred stock offering heads to close." url: https://basisdesk.news/news/strive-bitcoin-treasury-reaches-36818-btc-sats-settlement published: 2026-10-19T13:21:48.059Z modified: 2026-10-19T13:21:48.059Z section: Institutions & ETFs author: Basis Desk Newsroom (AI-generated, source-verified) sentiment: neutral tickers: [BTC] tags: [strive, treasury, corporate-finance, warrants, preferred-stock] license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice. --- # Strive Expands Bitcoin Treasury to 36,818 BTC Ahead of $700 Million SATS Settlement The company acquired 1,223 BTC between Oct. 14 and Oct. 16, wrapping up a 4,045-coin week as its 15% preferred stock offering heads to close. ## At a glance - **What happened:** Strive increased its holdings to 36,818 BTC after purchasing 1,223 bitcoin between Oct. 14 and Oct. 16 at an average price of $81,734. - **Why it matters:** The company cleared all outstanding warrants, generating $369.2 million, ahead of closing a $630 million preferred stock offering earmarked for more bitcoin. - **Who is affected:** Strive (Nasdaq: ASST) equity and warrant holders, and prospective SATS preferred stock investors. - **Takes effect:** 2026-10-20 - **What's next:** Settlement of the 7 million-share SATS preferred stock offering scheduled for Oct. 20. - **Primary source:** [Strive Lifts Bitcoin Holdings to 36,818 BTC Ahead of $700 Million SATS Settlement](https://unchainedcrypto.com/strive-lifts-bitcoin-holdings-to-36818-btc-ahead-of-700-million-sats-settlement/) — unchainedcrypto.com ## Key points - Strive acquired 1,223 BTC between Oct. 14 and Oct. 16 for an average of $81,734 per coin, bringing total holdings to 36,818 BTC. - Warrant exercises on Oct. 12-13 generated $369.2 million in gross proceeds and extinguished all remaining traditional warrants. - A 7 million-share offering of 15% SATS preferred stock raising $630 million is scheduled to settle on Oct. 20. ## Editorial remark - **Context:** Strive has rapidly scaled its digital asset treasury via capital market operations, following corporate balance-sheet models popularized by Strategy. - **Impact:** Strive's share structure expands by 13.67 million Class A shares while eliminating legacy warrants, alongside a pending $630 million cash infusion earmarked for further bitcoin purchases. - **Watch:** Settlement of the 7 million SATS preferred shares on Tuesday, Oct. 20, and subsequent treasury allocation disclosures. Strive (Nasdaq: ASST) expanded its treasury holdings to 36,818 $BTC after acquiring 1,223 bitcoin between Oct. 14 and Oct. 16, according to a Form 8-K filed with the US Securities and Exchange Commission on Monday [1]. The Dallas-based firm paid an average of about $81,734 per coin, inclusive of fees and expenses, capping off a weekly acquisition total of 4,045 BTC bought at an average price of roughly $82,803 [1]. Strive previously disclosed buying 2,822 BTC on Oct. 12 and Oct. 13, having started the period with 32,773 BTC on Oct. 9 [1]. At the time of writing, bitcoin traded at $82,473. Alongside the crypto asset purchases, Strive reported $317.5 million in cash and cash equivalents, up from $310.3 million [1]. The company also holds 505,000 shares of Strategy’s STRC preferred stock, which were valued at $49.3 million as of Oct. 16 [1]. The filing revealed that Strive no longer has outstanding traditional warrants [1]. Warrant holders exercised 273,493,909 contracts on Oct. 12 and Oct. 13 for 13,674,703 Class A shares—yielding $369.2 million in gross proceeds—while the remaining unexercised warrants from its September 2025 merger with Asset Entities lapsed on Oct. 13 [1]. The exercises lifted Strive's Class A share count to 114,847,610 [1]. ## Preferred Stock Settlement Attention now shifts to the settlement of Strive's new perpetual Series A preferred stock, known as SATS, scheduled for Tuesday, Oct. 20, subject to closing conditions [1]. The company [filed to offer the preferred shares](https://basisdesk.news/news/strive-files-sats-preferred-stock-offering-bitcoin) to fund corporate balance-sheet expansion, ultimately pricing 7 million shares at $90 each on Oct. 15 [1]. The transaction carries a stated amount of $700 million and is projected to deliver roughly $630 million in gross proceeds before underwriting discounts and expenses [1]. Strive designated the offering's net proceeds for purchasing additional bitcoin and bitcoin-related products, alongside general working capital [1]. To support the 15% dividend yield, the company plans to fund an 18-month dividend reserve at closing, setting aside $22.50 per SATS share using available cash and securities, a plan reaffirmed on Monday by CEO Matthew Cole [1]. ## Sources 1. [Strive Lifts Bitcoin Holdings to 36,818 BTC Ahead of $700 Million SATS Settlement](https://unchainedcrypto.com/strive-lifts-bitcoin-holdings-to-36818-btc-ahead-of-700-million-sats-settlement/) — unchainedcrypto.com, 2026-10-19 --- Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai