Strive Inc. acquired 6,182 bitcoin in a transaction completed between October 17 and October 23, according to a Form 8-K filed with the U.S. Securities and Exchange Commission on October 26. The company paid an average of approximately $82,732 per coin, including fees and expenses, for a total outlay of about $511.4 million. The purchase lifted Strive’s total bitcoin holdings to 43,000 BTC from 36,818 BTC reported a week earlier.

Chairman and Chief Executive Officer Matt Cole confirmed the details in a public statement the same day.

Cash and cash equivalents stood at $504.4 million as of October 23, up from $317.5 million the prior week. Cash and marketable securities rose by $187.7 million to $554.6 million over the same period. The company also held 505,000 shares of Strategy Inc.’s STRC preferred stock valued at roughly $50.2 million.

Capital Raises Support Aggressive Accumulation

The latest purchase follows a series of capital-markets transactions that expanded Strive’s buying capacity. On October 20 the company closed an upsized initial offering of 7 million shares of its 15 percent Series A Perpetual Preferred Stock, ticker SATS, at $90 per share, generating approximately $630 million in gross proceeds. The preferred shares carry a cumulative 15 percent annual dividend calculated on a $100 stated amount.

Earlier in the month, warrant exercises produced roughly $369 million in expected gross proceeds and the issuance of about 13.7 million new Class A common shares. Class A shares outstanding increased by approximately 3.266 million to about 118.1 million during the week of the bitcoin purchase. Strive also reported about 14.03 million SATA preferred shares outstanding.

On the same day it disclosed the bitcoin acquisition, Strive entered into an at-the-market sales agreement allowing it to sell up to $1 billion of additional SATS preferred stock over time through seven firms, including Cantor Fitzgerald and Barclays. Proceeds may be used for bitcoin purchases, working capital, income-generating assets or share repurchases. The company has not allocated a specific portion of the program to bitcoin.

Position Among Corporate Holders

The 6,182-bitcoin addition represents Strive’s largest single purchase since it began building a bitcoin treasury. Holdings have grown rapidly through successive weekly acquisitions in October, moving the firm past MARA Holdings and into fourth place among publicly traded corporate bitcoin holders. Strategy remains the largest with more than 848,000 BTC, followed by Metaplanet and Twenty One Capital.

At bitcoin prices near $80,000, Strive’s 43,000 BTC carried a market value of approximately $3.45 billion. The company’s cumulative acquisition cost for its entire treasury stood near $3.8 billion, or an average of about $87,785 per coin including fees.

Public companies excluding miners recorded net bitcoin purchases of roughly $510 million in the week through 8 a.m. Eastern Time on October 26, a 42.5 percent increase from two weeks earlier. Strive accounted for virtually all of that volume. Other participants included The Smarter Web Company, which added 20 BTC, while Strategy and Metaplanet made no purchases during the period. Aggregate holdings among the tracked companies reached 1,167,845 BTC, valued at about $93.64 billion and equal to 5.8 percent of bitcoin’s circulating market capitalization.

Background and Strategy

Strive, co-founded by Vivek Ramaswamy, shifted toward a bitcoin-focused treasury strategy in 2025. The company later acquired Semler Scientific, adding roughly 5,048 BTC. Management has stated a goal of finishing 2026 as the second-largest publicly traded corporate bitcoin holder while seeking to increase bitcoin holdings per share. The firm maintains a debt-free balance sheet, funding accumulation through equity and preferred securities rather than convertible debt or leverage.

Shares of Strive, trading under the ticker ASST, declined nearly 5 percent on the day of the announcement, closing near $27.55 and bringing the market capitalization to roughly $2.75 billion. Fully diluted shares outstanding stood at approximately 130 million.