Strive adds 2,000 Bitcoin in largest purchase since June

Strive acquired 2,000 Bitcoin for $169 million between September 28 and October 2, 2026, marking its largest purchase since June. This acquisition raised Strive's total holdings to 29,462 BTC, worth over $2.5 billion. Strive funded the purchase primarily through SATA preferred shares and warrant exercises. Despite closing in on MARA, Strive remains the fifth-largest public holder, while Japan's Metaplanet claimed the second spot after increasing its holdings to 44,000 BTC.

Strive's latest Bitcoin purchase

• ▪Strive funded its late September and early October 2026 Bitcoin purchases primarily through the sale of its SATA preferred shares and $56.7 million generated from warrant exercises
• ▪Strive's purchase of 2,000 Bitcoin between September 28 and October 2, 2026, at an average price of approximately $84,422 per coin, totaling roughly $169 million, was Strive's largest acquisition since June 2026

Strive's total Bitcoin holdings and metrics

• ▪Strive's average cost per Bitcoin was $90,170 at the end of September 2026, which was higher than the trading price of approximately $86,000 on October 5, 2026
• ▪Strive reported preliminary third-quarter 2026 metrics showing it acquired 8,137 BTC at an average price of $78,885 during the quarter
• ▪Strive reported a year-to-date Bitcoin yield of 63.2% and an amplification ratio of 55.3% as of late September 2026, aiming to push the amplification ratio above 60% while Bitcoin remains under $100,000
• ▪Following Strive's purchase of 2,000 Bitcoin, Strive's total Bitcoin holdings reached 29,462 BTC as of October 2, 2026, valued at approximately $2.5 billion to $2.55 billion

Strive's funding and financial position

• ▪Strive's SATA preferred shares, which carry a $100 stated amount and pay an adjustable dividend of approximately 13% annually, supplied 70% of capital in the week ending September 4, 2026, and 85% in the week ending September 25, 2026
• ▪As of September 30, 2026, Strive held approximately $284.7 million to $285 million in cash and cash equivalents with no debt

Rankings of public Bitcoin holders

• ▪Strategy remains the largest public Bitcoin holder, adding 334 BTC for $28.7 million in late September or early October 2026 to bring its total holdings to 848,000 BTC
• ▪Following Strive's late September and early October 2026 purchase of 2,000 Bitcoin, Strive ranks as the fifth-largest public Bitcoin holder with 29,462 BTC, trailing Strategy, Metaplanet, Twenty One Capital, and MARA (35,577 BTC) by 6,115 BTC

Metaplanet's Bitcoin transactions

• ▪Metaplanet's net increase of 1,000 BTC pushed it past Twenty One Capital, which holds 43,514 BTC, to become the second-largest public Bitcoin treasury
• ▪Japan's Metaplanet ended the third quarter of 2026 with 44,000 BTC after selling 10,000 BTC and buying back 11,000 BTC to demonstrate liquidity

Debatable claims

• ▪Strive's use of high-yield preferred stock to buy Bitcoin poses unacceptable financial risks
• ▪Strive's pure Bitcoin treasury strategy is a sound corporate model
• ▪Strive's continued Bitcoin purchases are justified despite its average cost exceeding market price