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Strive purchased 124 Bitcoin for approximately $10 million, bringing its total corporate holdings to 43,124 BTC, according to a filing with the US Securities and Exchange Commission.
The acquisition took place between October 24 and October 30. The company reported an average purchase price of approximately $80,526 per Bitcoin, a figure that includes transaction fees and expenses. This latest transaction follows a period of significant accumulation, during which Strive acquired approximately $1.25 billion worth of Bitcoin in October.
Financing via Preferred Stock
Strive utilized its SATS preferred stock at-the-market offering program to finance the acquisition, marking the first time the company has used this specific mechanism for Bitcoin purchases. The financing arrangement was launched on October 26. Under this program, Strive is authorized to sell up to $1 billion in preferred shares over time, providing a capital-raising channel distinct from operational cash flow.
As of October 30, Strive reported approximately $490.4 million in cash and cash equivalents. This represents a decrease from $504.4 million reported one week prior. The company stated that the preferred stock program offers additional flexibility for future Bitcoin purchases and other corporate expenses.
Position in Corporate Rankings
With 43,124 BTC on its balance sheet, Strive currently ranks as the fourth-largest publicly traded corporate Bitcoin holder. The company is positioned 390 BTC behind Twenty One Capital, which holds 43,514 BTC, and 876 BTC behind Metaplanet, which holds 44,000 BTC. Strategy remains the largest publicly traded corporate Bitcoin holder with approximately 849,327 BTC.
CEO Matt Cole has discussed the possibility of Strive becoming the second-largest publicly traded corporate Bitcoin holder before the end of 2026. In September, Strive purchased 1,107 Bitcoin for $94.5 million, a transaction that brought its holdings above 27,400 BTC. Since that time, the company’s reserves have expanded considerably.
Frequently Asked Questions
How much did Strive pay for its latest Bitcoin purchase?
Strive paid approximately $10 million for 124 Bitcoin. The average price per Bitcoin was approximately $80,526, including transaction fees and expenses.
What is Strive’s total Bitcoin holding as of October 30?
Strive’s total Bitcoin holdings reached 43,124 BTC as of October 30. This places the company as the fourth-largest publicly traded corporate Bitcoin holder.
