Strive buys 1,223 bitcoin, lifting treasury to 36,818 BTC
Strive purchased 1,223 bitcoin for approximately $100 million, expanding its total corporate reserves to 36,818 BTC valued at more than $3 billion.
Strive added 1,223 bitcoin between Oct. 14 and Oct. 16 at an average price of about $81,734 per coin, according to a Form 8-K filing. The transaction cost roughly $100 million and lifted the company's total treasury to 36,818 BTC. Strive valued its total holdings at $3,000,519,728 based on an Oct. 16 bitcoin price of $81,496.[3][5][2][7]
The latest addition capped a week during which Strive acquired 4,045 BTC for $335 million at an average price of roughly $82,803, having previously bought 2,822 BTC on Oct. 12 and Oct. 13. The buys followed the exercise of 273,493,909 warrants on Oct. 12 and Oct. 13 for 13,674,703 Class A shares, which yielded about $369.2 million in gross proceeds before the remaining warrants lapsed. Alongside its bitcoin stash, Strive reported holding $317.5 million in cash and cash equivalents and 505,000 shares of Strategy's STRC preferred stock valued at $49.3 million.[3][5][2]
The company is also slated to settle an offering of 7 million shares of perpetual Series A preferred stock, known as SATS, on Oct. 20. The offering priced at $90 per share to raise expected gross proceeds of roughly $630 million before underwriting expenses. Strive CEO Matthew Cole stated on X that the company plans to maintain an 18-month dividend reserve for the 15% dividend security, with offering proceeds designated for additional bitcoin purchases, working capital, and general corporate purposes.[1][3][4]
Key facts
- Strive purchased 1,223 BTC between Oct. 14 and Oct. 16 at an average price of roughly $81,734 per coin, bringing total holdings to 36,818 BTC.
- Strive's 36,818 BTC was valued at $3,000,519,728 based on a market price of $81,496 as of 4 PM EST on Oct. 16, 2026.
- Across the entire week, Strive purchased 4,045 BTC for $335 million at an average price of $82,803 per coin.
- Warrant holders exercised 273,493,909 warrants on Oct. 12 and Oct. 13 for 13,674,703 Class A shares, generating approximately $369.2 million in gross proceeds.
- Strive held $317.5 million in cash and cash equivalents and 505,000 shares of STRC preferred stock valued at $49.3 million as of Oct. 16, 2026.
- Strive priced 7 million SATS preferred shares at $90 each to raise around $630 million gross proceeds, scheduled to settle on Oct. 20, 2026.
Sources · 8 sources
- CB
Crypto Briefing@Crypto_BriefingPost on X ·
🔥NEW: Strive added 1,223 Bitcoin last week, lifting holdings to 36,818 BTC. Its SATS IPO proceeds are expected to settle tomorrow. https://t.co/ut8oMSzHUq
Open source - LO
Lookonchain@lookonchainPost on X ·
Strive(@Strive) has been buying $BTC aggressively recently, purchasing 4,045 $BTC ($335M) last week at $82,803. Over the past 2 months, #Strive has bought a total of 15,462 $BTC ($1.27B) at an average price of $82,417. https://t.co/WyKZMO2AMw
Open source - UN
UnchainedArticle ·
Strive Lifts Bitcoin Holdings to 36,818 BTC Ahead of $700 Million SATS Settlement Strive (Nasdaq: ASST) now holds 36,818 bitcoin after buying 1,223 BTC between Oct. 14 and Oct. 16, the company disclosed in a Form 8-K filed Monday, paying an average of about $81,734 a coin, fees and expenses included. That purchase completes a week in which Strive added 4,045 BTC in total, at an average of roughly $82,803. The first 2,822 BTC of the week, bought on Oct. 12 and Oct. 13, had already been announced on Oct. 14. Strive held 32,773 BTC as of Oct. 9. Over the same stretch, cash and cash equivalents rose to $317.5 million from $310.3 million. The Dallas-based company also holds 505,000 shares of Strategy’s STRC preferred stock, valued at $49.3 million as of Oct. 16. Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter . Warrants Cleared The filing shows Strive no longer has any traditional warrants outstanding. Holders exercised 273,493,909 of them on Oct. 12 and Oct. 13 for 13,674,703 Class A shares, bringing in roughly $369.2 million in gross proceeds, a figure Strive had disclosed earlier. The remainder, which Strive took on in its September 2025 merger with Asset Entities, lapsed unexercised on Oct. 13. Those exercises pushed Strive’s Class A share count to 114,847,610 from 101,169,907. SATS Settlement and the Dividend Reserve The next step is settlement of Strive’s new preferred stock. On Oct. 15, the company priced a 7 million-share offering of its new SATS preferred , a perpetual Series A security paying a 15% dividend , at $90 a share. The deal has a $700 million stated amount and is expected to raise about $630 million before underwriting costs and expenses. It is scheduled to settle Tuesday, Oct. 20, subject to customary closing conditions. No SATS shares were outstanding as of Oct. 16. In its pricing release , Strive said it intends to increase its existing dividend reserve at closing to cover the first 18 months of SATS dividend payments, setting aside the equivalent of $22.50 for each SATS share from cash and securities it holds. Monday’s 8-K does not mention the reserve. Strive CEO Matthew Cole wrote in an X post the same morning that “Strive plans to maintain current 18-month dividend reserve.” The pricing release listed the purchase of bitcoin and bitcoin-related products among the planned uses of the offering’s net proceeds, alongside working capital and other general corporate purposes. Related Listen: Why Matt Cole Believes Last Week’s STRC Crash Was a Leverage Liquidation The post Strive Lifts Bitcoin Holdings to 36,818 BTC Ahead of $700 Million SATS Settlement appeared first on Unchained .
Open source - LS
Laura Shin@laurashinPost on X ·
Strive (ASST) bought 1,223 BTC between Oct. 14 and Oct. 16 at about $81,734 each, taking its holdings to 36,818 BTC, per a Monday 8-K. Its $700 million SATS preferred offering is scheduled to settle Tuesday. https://t.co/EwlTPdurdV
Open source - TB
The BlockArticle ·
Strive scoops up another 1,223 bitcoin for $100 million as total holdings reach 36,818 BTC Strive paid approximately $81,734 on average per bitcoin, adding to the 2,822 BTC it had acquired earlier last week.
Open source - SI
Solid Intel 📡@solidintel_xPost on X ·
INTEL: Strive purchased another 1,223 bitcoin:native at an average price of $81,734 last week and increased its total holdings to 36,818 BTC https://t.co/O9PvTHBh6e
Open source - TB
The Block@TheBlockCoPost on X ·
THE BLOCK: Strive $ASST acquired an additional 1,223 bitcoin:native for approximately $100 million at an average price of $81,734 per bitcoin. The purchase brings its total holdings to 36,818 BTC, according to CEO Matt Cole. https://t.co/JOn3HWlRJK
Open source - CO
Cointelegraph@CointelegraphPost on X ·
🔥 JUST IN: Strive buys 1,223 BTC, bringing total holdings to 36,818 BTC valued at $3B. https://t.co/GtNPLwXxDs
Open source