Strive Acquires 3,311 BTC for Corporate Treasury

Strive, a Nasdaq-listed company focused on Bitcoin as a treasury asset, completed the purchase of 3,311 Bitcoin between October 5 and October 9. The transaction raised the firm’s total holdings from 29,462 to 32,773 BTC, an increase of roughly 11.2 percent.

The average acquisition cost reached approximately $84,500 per coin after fees and expenses, for a total outlay near $280 million. Bitcoin traded at around $83,904 during this period, about 0.7 percent below Strive’s latest purchase price.

CEO Matt Cole shared a Bitcoin tracker with the message “Think ₿igger” and posted details of the deal on October 13, confirming the numbers and the financing activity that supported the expansion.

This marks the second major weekly buy in quick succession, following an earlier addition of 2,000 BTC on October 5 that had taken holdings to 29,462. The company’s strategy relies on both direct market purchases and prior corporate transactions, including the January 2026 acquisition of Semler Scientific that initially transferred roughly 5,048 BTC into Strive’s balance sheet.

Warrant Exercises Provide Capital Support

Strive also reported that approximately $208 million in warrants had been exercised by the October 13 deadline. About 15.3 million warrants remained outstanding before the 5 p.m. Eastern Time expiration.

The company’s common shares, traded under the ticker ASST on Nasdaq, and its preferred shares, traded under SATA, have both served as funding vehicles for treasury growth. The recent warrant activity adds fresh capital that can be allocated toward additional Bitcoin acquisitions.

SATA Preferred Stock Receives Formal Protections

Strive formalized a minimum issuance price of $100 per share for its Variable Rate Series A Perpetual Preferred Stock (SATA) by incorporating the restriction directly into governing documents. This change binds future sales and replaces earlier policy statements.

The preferred shares have a 13 percent annual dividend rate, with daily distributions scheduled for October. Strive has used SATA financing in prior rounds to raise capital without heavy reliance on common stock sales, providing investors cash yields while supporting the Bitcoin strategy.

Bitcoin Price Context and Market Outlook

BTC traded near $83,904, up 0.52 percent in the 24 hours before the announcement but down 2.21 percent over the seven-day period. Despite the modest gap from Strive’s average cost, the firm continues its program of steady accumulation.

Strive’s approach combines organic purchases, preferred stock issuances, and warrant exercises to build a substantial corporate Bitcoin reserve. The company has positioned itself as a structured finance vehicle with direct exposure to the digital asset on its balance sheet.

Broader Strategy and Financing

Earlier filings outlined plans to expand capital-raising programs by $4.2 billion, split between common stock and preferred shares. These facilities have enabled the company to address debt from the Semler deal and fund ongoing Bitcoin buys without fully diluting common shareholders.

The combination of warrants, SATA issuances, and direct market purchases forms a flexible framework for treasury management. Strive’s public filings show consistent use of these tools since the early 2025 expansions that grew its position from single-digit thousands to the current 32,773 BTC.