---
title: "Strive Acquired 15,124 Bitcoin in October to Expand Holdings to 43,124 BTC"
description: "Third-quarter net income reached $509 million, bolstered by unrealized gains on its balance-sheet assets."
url: https://basisdesk.news/news/strive-buys-15124-bitcoin-october-treasury
published: 2026-11-06T18:46:50.975Z
modified: 2026-11-06T18:46:50.975Z
section: Institutions & ETFs
author: Basis Desk Newsroom (AI-generated, source-verified)
sentiment: neutral
tickers: [BTC]
tags: [corporate-treasury, strive, bitcoin-reserves, earnings]
license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice.
---

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

Third-quarter net income reached $509 million, bolstered by unrealized gains on its balance-sheet assets.

## At a glance

- **What happened:** Strive purchased 15,124 Bitcoin in October, increasing total holdings to 43,124 BTC as of Oct. 30.
- **Why it matters:** The purchase narrows the margin between Strive and Metaplanet for the second-largest corporate Bitcoin treasury.
- **Who is affected:** Strive shareholders and competing corporate Bitcoin treasury operators.
- **What's next:** Allocation updates regarding how much of the $609 million raised from preferred shares will buy Bitcoin.
- **Primary source:** [Strive buys 15,124 Bitcoin in October, closes in on top treasury holders](https://cointelegraph.com/news/strive-buys-bitcoin-october-top-btc-corporate-holders?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound) — cointelegraph.com

## Key points

- Strive acquired 15,124 BTC in October, bringing total holdings to 43,124 BTC as of Oct. 30.
- The company reported $509 million in third-quarter net income, driven by $533.7 million in unrealized Bitcoin gains.
- Strive raised $609 million net via 15% SATS preferred stock and is evaluating moves into DeFi, banking, and brokerage.

## Editorial remark

- **Context:** Strive has aggressively expanded its balance-sheet allocation to digital assets throughout 2026, funding purchases via preferred equity instruments.
- **Impact:** Strive is closing the gap with Metaplanet and Twenty One Capital for the second and third public corporate treasury positions.
- **Watch:** Capital allocation figures for the $609 million SATS raise and formal roadmaps for proposed banking and DeFi initiatives.

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](https://basisdesk.news/news/strive-files-sats-preferred-stock-offering-bitcoin) [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].

## Sources

1. [Strive buys 15,124 Bitcoin in October, closes in on top treasury holders](https://cointelegraph.com/news/strive-buys-bitcoin-october-top-btc-corporate-holders?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound) — cointelegraph.com, 2026-11-06

---
Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai