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Strive just went bigger on Bitcoin. The company’s latest SEC filing shows it picked up 3,311 BTC during the week ending October 9, paying an average of roughly $84,500 per coin — which, notably, sits above Bitcoin’s market price of around $83,300 at the time.
Why It Matters
Strive's significant acquisition of Bitcoin underscores a growing trend among institutional investors to increase their cryptocurrency exposure, especially amidst rising interest in tokenized assets, which recently reached a valuation of $3.3 billion. This move positions Strive as a key player in the corporate Bitcoin holding landscape, reflecting a strategic shift towards integrating digital assets into traditional investment portfolios. As larger entities like Strive bolster their Bitcoin holdings, it may further catalyze institutional confidence and drive demand in the broader cryptocurrency market.
That single purchase pushed Strive’s total holdings to 32,773 Bitcoin, landing it at fifth-largest among publicly traded corporate holders of the cryptocurrency. It’s a deliberate strategy: the company wants more Bitcoin exposure per share, full stop. And the filing makes clear that goal isn’t changing anytime soon. Strive also amended its governing documents to enforce a $100 minimum issuance price for its SATA preferred shares — shares that were recently trading at $99.40, just under that new floor. Its common stock, ASST, held pretty steady at $27.52 through all of it.
So Strive paid more than market price. On purpose.
Tokenized Stocks Clock $3.3 Billion as After-Hours Trading Dominates
While Strive was loading up on BTC, a separate but equally striking shift was playing out in tokenized equities. On BNB Chain, more than 70% of tokenized stock trading volume now happens outside regular US market hours — meaning outside the 9:30 a.m. to 4:00 p.m. window Wall Street has run on for generations. That’s not a rounding error. That’s a structural change in when and how people trade US stocks.
Other chains are seeing the same pattern. On Solana, 63% of tokenized stock trades happen after hours. On Base, it’s nearly 60%. Investors across different time zones are basically routing around the traditional schedule entirely, and the platforms are letting them.
Jupiter reported a 50% jump in tokenized asset trading. RWA.xyz put the total value of tokenized stocks at around $3.3 billion, up 15% over 30 days. Fast growth. But there’s a catch — and it’s a big one. Platforms like xStocks and Ondo Global Markets are still off-limits to American investors. Regulatory restrictions block domestic participation in a market that’s expanding fast everywhere else. The SEC’s innovation exemption does open a path for platforms to facilitate tokenized trading of US-listed stocks on public blockchains, but it comes with strict disclosure and shareholder protection requirements. US investors remain largely on the outside looking in.
That gap between global adoption and domestic access probably won’t last forever. But it’s very much the reality right now.
Bitcoin Miners Need $50 Billion for AI — and the Math Is Brutal
Bitcoin mining companies chasing AI and high-performance computing revenue are running into a wall. A BlocksBridge analysis put the total funding need for AI infrastructure at $50 billion across the sector. The individual numbers are staggering: IREN alone faces a $21.1 billion gap. Riot Platforms needs $7.2 billion. HIVE Digital Technologies is looking at $4.6 billion.
And borrowing that money isn’t simple. Financing terms are increasingly tied to whether a miner has actually signed AI clients and whether the underlying project looks viable to lenders. IREN secured $3.65 billion at a 6% interest rate back in June, then came back in August for another $2.4 billion — this time at 9%. Same company, different terms, three months apart. That spread tells you everything about how lenders are pricing risk in this space right now.
Building data centers at scale is capital-intensive in a way that makes traditional mining capex look modest. Miners that can’t secure clients first may find the financing door closes on them fast. It’s a chicken-and-egg problem with nine-figure consequences.
FASB Eyes Stablecoin Reclassification for Corporate Treasuries
Meanwhile, the Financial Accounting Standards Board is weighing a change that could quietly reshape how companies manage cash. The proposal: let stablecoins count as cash equivalents on corporate balance sheets — but only if the company holds direct redemption rights with the issuer.
Right now, stablecoin holdings can’t typically count toward cash reserves, which hits liquidity ratios and makes CFOs nervous. If FASB moves forward, that calculus changes. Companies holding stablecoins could report stronger liquidity positions without actually moving money into traditional bank accounts. The proposal is open for public comment until November 19, after which FASB decides on final rules.
It’s unclear how many companies are actively waiting on this decision before adjusting treasury strategy. Probably more than have said so publicly.
Strive’s 32,773 BTC, valued near current market prices, makes it one of the more concentrated corporate Bitcoin positions anywhere.
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Frequently Asked Questions
How many Bitcoin does Strive hold after its latest purchase?
Strive holds 32,773 Bitcoin following its acquisition of 3,311 BTC during the week ending October 9, at an average price of approximately $84,500 per coin.
What percentage of tokenized stock trading on BNB Chain happens outside US market hours?
Over 70% of tokenized stock trading volume on BNB Chain occurs outside regular US market hours, per current market data.
What is the total AI infrastructure funding gap identified by BlocksBridge?
BlocksBridge put the sector-wide AI infrastructure funding need at $50 billion, with IREN facing the largest individual gap at $21.1 billion.
