Strive adds $335 million in Bitcoin ahead of SATS IPO proceeds settlement

Strive’s Bitcoin stash has grown to 36,818 BTC following a purchase of 4,045 coins for approximately $335 million last week, cementing its position as the fourth-largest corporate holder. The company on Monday reported adding 1,223 Bitcoin for $100 million between Oct. 14 and Oct. 16, after accumulating 2,822 BTC for $235 million last Tuesday. The latest acquisition extends a buying campaign that has expanded its Bitcoin stash by more than 380% since the beginning of 2026, when the company held about 7,525 BTC. Strive’s Bitcoin treasury is currently valued at over $3 billion, putting it 6,696 BTC behind Twenty One Capital, whose holdings have not been updated since late July. Chief Executive Matt Cole has said Strive could potentially become the second-largest public corporate Bitcoin holder by the end of the year, though he does not consider that the most likely outcome. To finance its treasury expansion, Strive has primarily used preferred stock and other capital-markets transactions, including at-the-market stock sales, PIPE deals and warrant exercises. Its cash balance was about $317.5 million as of Oct. 16. The company also has existing debt and preferred securities that rank ...