Strive, a company focused on holding Bitcoin on its balance sheet, has acquired an additional 124 Bitcoin, increasing its total holdings to 43,124 BTC. This latest purchase, made between October 24-30, 2026, was disclosed in an SEC filing on November 2, 2026. The acquisition cost approximately $10 million, with Strive paying an average of $80,526 per Bitcoin, including fees.
The company financed this purchase primarily through its existing cash reserves, which saw a decrease from $504.4 million to $490.4 million over the week. In parallel, Strive also raised capital through the sale of its preferred stock, SATS, marking a diversification in its fundraising strategy. Strive sold 7 million SATS shares at $90 each in an October offering, generating approximately $630 million. SATS carries a 15% annual dividend on a $100 stated value, with dividend payments scheduled to begin on November 9, 2026.
Competitive Positioning in the Bitcoin Treasury Landscape
With its latest acquisition, Strive’s Bitcoin holdings are now valued at roughly $3.3 billion, representing about 0.2% of the total 21 million Bitcoin that may ever exist. This positions Strive as the fourth-largest public company by Bitcoin holdings, trailing Twenty One Capital (43,514 BTC) and Metaplanet (44,000 BTC). The financial gap to Twenty One Capital is approximately $30 million, and to Metaplanet, about $67 million, based on a Bitcoin price of around $77,000.
Strive’s average cost per Bitcoin across all its holdings is approximately $87,785, totaling an investment of about $3.8 billion. As of October 23, 2026, the market value of its Bitcoin holdings was estimated at $3.5 billion, indicating a short-term unrealized loss as Bitcoin prices have fluctuated. The company reported no debt as of October 23, 2026.
Fundraising and Strategic Outlook
On October 26, 2026, Strive also initiated an at-the-market program to sell up to $1 billion more in SATS shares, further expanding its capital-raising capabilities. The company has set aside reserves to cover 18 months of SATS dividends. Strive’s amplification ratio, which measures its preferred stock and debt against its Bitcoin value, stood at 62.7%.
CEO Matt Cole has previously expressed that Strive could potentially become the second-largest public Bitcoin holder by the end of 2026, though he described this as a possibility rather than a base case. At its current pace of acquisition, Strive could surpass Twenty One Capital in approximately four weeks and Metaplanet in eight weeks, assuming neither company increases its holdings.
Strive’s strategy aligns with the playbook popularized by Michael Saylor’s Strategy in 2020, where publicly listed companies hold Bitcoin on their balance sheets. The company’s preferred stock, SATS, offers investors exposure to Bitcoin through a security that pays a fixed dividend. The long-term success of Strive’s strategy will depend on continued Bitcoin accumulation, market conditions, and the sustained performance of its preferred stock offering.
Why This Matters
The materials describe a narrow update: Strive purchased 124 Bitcoin for approximately $10 million, bringing its total holdings to 43,124 Bitcoin. The exact current market value of Strive’s Bitcoin holdings.
Broader Context
Source materials place the factual news in this context: Strive, the Dallas-based company co-founded by Vivek Ramaswamy, now holds 43,124 Bitcoin after buying 124 BTC more last week.
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