Strive buys 6,182 bitcoin, lifts holdings to 43,000 BTC and sets $1B SATS sale
The bitcoin treasury company paid about $82,732 per coin from Oct. 17 to Oct. 23, 2026, per an SEC filing, and can now sell up to $1 billion of its 15% SATS preferred stock.
TL;DR
- Strive (Nasdaq: ASST) bought 6,182 bitcoin between Oct. 17 and Oct. 23, 2026 at an average of about $82,732 per coin including fees, its Oct. 26 8-K filing shows.
- Holdings rose from 36,818 BTC to 43,000 BTC; cash and cash equivalents rose from $317.5 million to $504.4 million.
- Strive entered an at-the-market program to sell up to $1.0 billion of its 15.00% Series A Perpetual SATS Preferred Stock; proceeds may fund bitcoin purchases among other uses.
- The Block puts Strive fourth among public bitcoin holders, behind Strategy (848,517 BTC), Metaplanet (44,000 BTC) and Twenty One (43,514 BTC).
Strive made its biggest bitcoin buy yet. The company purchased 6,182 bitcoin between Oct. 17 and Oct. 23, 2026 at an average price of about $82,732 per coin, inclusive of fees and expenses, according to an 8-K filed on Oct. 26, 2026. CEO Matt Cole put the total at $511.4 million in a post on X cited by Crypto Briefing.
The balance sheet
- Bitcoin held: 43,000 BTC as of Oct. 23, up from 36,818 as of Oct. 16.
- Cash and cash equivalents: $504.4 million, up from $317.5 million.
- Effective common shares outstanding: 127,328,346, up from 124,064,126.
- SATS preferred shares: 7,000,000 outstanding as of Oct. 23.
$1 billion SATS program
Strive also entered a sales agreement to issue and sell its 15.00% Series A Perpetual SATS Preferred Stock with an aggregate offering price of up to $1.0 billion, the company said. Net proceeds may go to general corporate purposes, including the acquisition of bitcoin and bitcoin-related products, working capital, income-generating assets, share repurchases, acquisitions, preferred dividends or repayment of future debt. SATS began trading on Nasdaq on Oct. 20, 2026, Crypto Briefing reported.
The leaderboard
Strive ranks fourth among public bitcoin holders, behind Strategy's 848,517 BTC, Metaplanet's 44,000 BTC and Twenty One's 43,514 BTC, according to The Block, which said Cole has set a goal of making Strive the second-largest public holder by year-end.
What it means for Web3 teams – Analysis
High-yield preferred stock has become a main funding channel for bitcoin treasury companies, which ties their buying to demand for that paper. For projects, it is a reminder that a growing share of bitcoin demand comes from listed companies with their own financing cycles. This is not investment advice.
FAQ
How much bitcoin did Strive buy?
6,182 BTC between Oct. 17 and Oct. 23, 2026, at an average of about $82,732 per coin including fees, per its 8-K.
How much bitcoin does Strive hold now?
43,000 BTC as of Oct. 23, 2026, up from 36,818 BTC a week earlier.
What is the SATS ATM program?
An agreement allowing Strive to sell up to $1.0 billion of its 15.00% Series A Perpetual SATS Preferred Stock at the market; proceeds may fund bitcoin purchases and other corporate purposes.
Where does Strive rank among public bitcoin holders?
Fourth, behind Strategy, Metaplanet and Twenty One, according to The Block.
Sources
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