Key facts
- Strive held 43,124 BTC as of October 30, fourth-largest among publicly traded corporate holders, per BitcoinTreasuries.NET.
- Strive trails Twenty One Capital by 390 BTC and Metaplanet, which holds 44,000 BTC, by 877 BTC.
- Strive raised about $609 million in net proceeds from an October offering of SATS perpetual preferred stock.
- Strive reported $509 million in third-quarter net income, driven largely by $533.7 million in unrealized Bitcoin gains.
- Strive is evaluating banking, brokerage, DeFi, reinsurance and tokenization opportunities, without disclosing plans or timelines.
Strive, a Bitcoin treasury company, purchased 15,124 Bitcoin in October, bringing its total purchases for the first 10 months of 2026 to 35,497 BTC, according to its third-quarter earnings report released Friday. The company held 43,124 BTC as of October 30, making it the fourth-largest publicly traded corporate Bitcoin holder, according to BitcoinTreasuries.NET data.
Strive trails third-place Twenty One Capital by 390 BTC and would need another 877 BTC to surpass second-place Metaplanet, which holds 44,000 BTC, assuming neither company increases its holdings. The accumulation follows comments by CEO Matt Cole in a September interview, in which he said the company could become the world's second-largest publicly traded corporate Bitcoin holder by year-end, though he acknowledged that outcome was not his base-case scenario.
Strive also raised approximately $609 million in net proceeds through an October offering of its SATS perpetual preferred stock, which carries a 15% annual dividend rate. The company has not specified how much of the proceeds it will allocate to Bitcoin purchases.
Strive reported $509 million in third-quarter net income, driven largely by $533.7 million in unrealized Bitcoin gains. According to its earnings report, Strive is also evaluating opportunities in banking, brokerage, decentralized finance, reinsurance and tokenization as part of a broader strategy to leverage its balance sheet, but did not disclose specific plans or timelines and did not respond to Cointelegraph's request for further details before publication.
Shares of Strive (ASST) fell 1.97% to $20.19 in early trading Friday, extending their decline over the past month to 32.15%, according to Yahoo Finance data at the time of writing.