Strive Acquired 15,124 Bitcoin in October to Expand Holdings to 43,124 BTC

Strive bought 15,124 Bitcoin in October, raising its cumulative purchases for the first 10 months of 2026 to 35,497 BTC, according to the firm's third-quarter earnings report released on Nov. 6 ¹. The acquisition lifted Strive's total reserves to 43,124 $BTC as of Oct. 30 ¹. At the time of writing, Bitcoin traded around $75,792.

The purchases maintain Strive's position as the fourth-largest publicly traded corporate holder of Bitcoin, according to BitcoinTreasuries.NET figures ¹. The company sits 390 BTC behind third-place Twenty One Capital and 877 BTC short of Metaplanet, which maintains 44,000 BTC, assuming rival treasuries remain unchanged ¹. In September, Strive CEO Matt Cole said the firm could potentially become the second-largest public corporate Bitcoin holder by year-end, though he noted that outcome was not his base-case projection ¹. This expansion follows earlier capital plans detailed after Strive files to offer preferred stock ¹.

Strive reported $509 million in third-quarter net income, propelled primarily by $533.7 million in unrealized Bitcoin gains ¹. Financing for recent activity included an October issuance of SATS perpetual preferred stock, which raised roughly $609 million in net proceeds with a 15% annual dividend rate ¹. Strive has not disclosed the precise share of those proceeds designated for future token acquisitions ¹.

Balance Sheet and Expansion Strategy

Beyond treasury accumulation, Strive stated in its earnings filing that it is evaluating commercial opportunities across banking, brokerage, decentralized finance, reinsurance, and tokenization to monetize its reserves ¹. The firm has not released formal roadmaps or timelines for these initiatives ¹. Strive shares (ASST) slid 1.97% to $20.19 on Nov. 6, marking a 32.15% drop over the prior month ¹.