Strive buys 124 bitcoin for $10 million, lifting treasury to 43,124 BTC
Strive acquired 124 bitcoin between Oct. 24 and Oct. 30 for roughly $10 million, funding most of the acquisition with cash while tapping its preferred stock at-the-market program for the first time.
Nasdaq-listed Strive purchased 124 bitcoin between Oct. 24 and Oct. 30 at an average price of about $80,526 per coin, including fees and expenses, according to an 8-K filing on Nov. 2. The $10 million acquisition pushed the company's total corporate holdings to 43,124 BTC.[2][4][7]
Strive CEO Matt Cole stated in a post on X that existing cash covered the majority of the purchases during the week. Strive's regulatory filing showed cash and cash equivalents fell by $14.0 million to $490.4 million as of Oct. 30. Cole added that the firm also sold equity through its SATS at-the-market program for the first time, with outstanding SATS shares increasing by 3,418 to 7,003,418. The ATM facility, filed on Oct. 26, covers up to $1 billion of 15% Series A Perpetual SATS Preferred Stock.[2][6][4]
The transaction marks a sharp deceleration from the prior week, representing approximately 2% of the 6,182 BTC Strive acquired between Oct. 17 and Oct. 23. Strive's graphic noted its overall reserve was valued at $3.31 billion based on a bitcoin price of $76,764 as of Oct. 30, with reports from Crypto Briefing and The Block noting the purchase advances the company's standing in the corporate bitcoin treasury race.[1][2][3][5]
Key facts
- Strive acquired 124 bitcoin between Oct. 24 and Oct. 30, 2026, for approximately $10 million at an average price of $80,526 per coin.
- The purchase brought Strive's total bitcoin holdings to 43,124 BTC, disclosed in a Form 8-K filed on Nov. 2.
- Existing cash funded most of the purchase, with Strive's cash and cash equivalents declining $14.0 million to $490.4 million as of Oct. 30.
- Strive tapped its SATS preferred stock at-the-market program for the first time, increasing outstanding SATS shares by 3,418 to 7,003,418.
- The 124 BTC acquisition represents roughly 2% of the 6,182 BTC Strive bought between Oct. 17 and Oct. 23.
- Strive's bitcoin treasury was valued at $3,310,370,736 based on a price of $76,764 as of 4 p.m. EST on Oct. 30.
Sources · 7 sources
- CB
Crypto Briefing@Crypto_BriefingPost on X ·
🔥NEW: Strive added 124 Bitcoin to its treasury, increasing its total holdings to 43,124 BTC. The company is on track to become the third-largest corporate Bitcoin holder. https://t.co/ByH15SaK5d
Open source - UN
UnchainedArticle ·
Strive’s Bitcoin Buying Slows to 124 BTC, About 2% of the Prior Week’s Total Strive added 124 bitcoin between Oct. 24 and Oct. 30, paying an average of about $80,526 a coin, including fees and expenses, the Nasdaq-listed company disclosed in an 8-K on Nov. 2. Its treasury now stands at 43,124 BTC . That is about 2% of the 6,182 BTC Strive reported buying from Oct. 17 to Oct. 23, by Unchained’s calculation from the two filings. At this week’s average price, the 124 coins cost roughly $10 million , in line with the figure CEO Matt Cole gave in a post on X . Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter . Cash Covered Most of the Buy In the same post, Cole wrote that “existing cash funded most purchases” during the week. The 8-K shows cash and cash equivalents of $490.4 million as of Oct. 30, down $14.0 million from $504.4 million a week earlier. The filing does not itemize the change. Cole also said in his post that Strive sold shares through its SATS at-the-market program for the first time, with SATS accounting for “100% of weekly ATM proceeds” in the period. He did not give a dollar figure, and the 8-K does not report ATM proceeds. It does show SATS shares outstanding rising by 3,418, to 7,003,418 from 7,000,000. The program, which Strive filed for on Oct. 26, covers as much as $1 billion of its 15% Series A Perpetual SATS Preferred Stock, to be sold gradually at market prices. Other Holdings Barely Moved Strive still holds 505,000 shares of Strategy’s STRC preferred stock, now valued at $50.1 million , compared with $50.2 million on Oct. 23. Its variable-rate SATA preferred shares outstanding were unchanged at 14,030,176, and assumed fully diluted common shares held at 130,044,690. Class A common stock rose by 3,976 shares to 118,117,620, while Class B shares fell by 1,213. Related Listen: Why Matt Cole Believes Last Week’s STRC Crash Was a Leverage Liquidation The post Strive’s Bitcoin Buying Slows to 124 BTC, About 2% of the Prior Week’s Total appeared first on Unchained .
Open source - CB
Crypto BriefingArticle ·
Strive buys 124 Bitcoin, closes in on Metaplanet in treasury race Strive's aggressive Bitcoin acquisition strategy highlights the growing importance of funding methods and capital access in treasury management. The post Strive buys 124 Bitcoin, closes in on Metaplanet in treasury race appeared first on Crypto Briefing .
Open source - TB
The Block@TheBlockCoPost on X ·
THE BLOCK: Bitcoin treasury firm Strive $ASST acquired another 124 bitcoin:native for approximately $10 million at an average price of $80,526 per bitcoin between Oct. 24 and Oct. 30, bringing its total holdings to 43,124 BTC. The company said it funded most of the purchases with existing cash and used its SATS preferred stock ATM program for the first time.
Open source - TB
The BlockArticle ·
Strive inches closer to becoming second-largest public bitcoin holder after latest $10 million buy Strive bought another 124 BTC, bringing it closer to becoming the second-largest public company holder of bitcoin after Strategy.
Open source - LS
Laura Shin@laurashinPost on X ·
Strive CEO Matt Cole said existing cash paid for most of Strive's 124 BTC purchase last week, and that Strive sold shares through its SATS at-the-market program for the first time. https://t.co/UOCvxIUpNZ
Open source - SO
SolanaFloor@SolanaFloorPost on X ·
UPDATE: New Bitcoin Purchases last week: @Strive bought 124 $BTC for ~$10M at an average price of $80,526, bringing its holdings to 43,124 BTC. @Strategy bought 810 $BTC for $63M, bringing its total holdings to 849,317 $BTC. https://t.co/kEwsVDVkSP
Open source