Strive acquired 3,311 Bitcoin for $280 million, bringing its treasury total to 32,773 BTC and maintaining its rank as the fifth-largest public corporate holder. The purchase was driven by $208 million in warrant exercises ahead of an October 13 deadline and supported by equity issuance. Strive also instituted a binding $100 price floor for its SATA preferred shares while expanding Bitcoin reserves per share faster than share dilution.
Strive's Bitcoin purchases and holdings
- ▪Strive purchased 3,311 Bitcoin between October 5, 2026 and October 9, 2026 at an average price of approximately $84,500 per coin
- ▪Strive's latest Bitcoin purchase increased its total holdings from 29,462 BTC to 32,773 BTC, marking its largest acquisition since acquiring 5,048 BTC in January 2026
- ▪Strive's Bitcoin reserves grew 11.2% in the week to October 9, 2026, outpacing a 9.4% increase in its effective common share count
Public corporate Bitcoin holdings rankings
- ▪Metaplanet held 44,000 Bitcoin as of October 13, 2026, placing it second among public corporate Bitcoin holders ahead of Twenty One and MARA
- ▪Strive CEO Matt Cole stated that Strive aims to end 2026 as the world's second-largest public Bitcoin holder, trailing Metaplanet by 11,227 BTC as of October 9, 2026
- ▪Strive's total holdings of 32,773 Bitcoin make it the fifth-largest publicly traded corporate Bitcoin holder, behind Strategy, Metaplanet, Twenty One, and MARA
Exercise and expiration of Strive warrants
- ▪Holders of Strive traditional warrants exercised $208 million worth ahead of their October 13, 2026 expiration deadline at 5 p.m. ET
- ▪The number of shares underlying Strive's outstanding traditional warrants fell by 7,993,806 in the week from October 5 to October 9, 2026, leaving approximately 15,255,900 shares underlying remaining warrants
- ▪Strive CEO Matt Cole stated on September 2, 2026 that more than $700 million of Strive's traditional warrants were set to expire in mid-October 2026
Strive SATA preferred stock terms and dividends
- ▪Strive's SATA preferred shares outstanding increased by 532,094 to 14,030,176 in the week ending October 9, 2026
- ▪Strive amended its charter terms with the Nevada Secretary of State to establish a binding $100 minimum sale price per share for its SATA preferred stock before discounts and fees
- ▪Strive's board maintained the annual dividend rate for SATA preferred stock at 13.00% starting November 1, 2026, declaring a daily cash dividend of $0.0571 per share for November's 19 business days
- ▪Strive amended its charter terms to redefine business days to include weekends, allowing its SATA preferred stock to pay daily dividends on Saturdays and Sundays if approved
Debatable claims
- ▪Strive's rapid Bitcoin purchases create significant long-term risk for common shareholders
- ▪Corporate Bitcoin treasuries deliver higher risk-adjusted returns than traditional cash reserves
- ▪Strive's equity-funded Bitcoin treasury strategy is safer for shareholders than debt-funded models
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