Strive Increases Holdings to 36,818 BTC

Strive acquired 4,045 Bitcoin between October 12 and 16, spending roughly 335 million dollars and raising its total reserves to 36,818 BTC. The purchases occurred at an average price of 82,803 dollars per coin, including fees and expenses. This brings the company’s four-week accumulation to 10,463 Bitcoin, with holdings previously at 32,773 BTC on October 9.

Analysts place Strive among the leading publicly traded corporate holders of Bitcoin, with its reserves now valued at approximately three billion dollars according to market trackers. The addition follows a steady pattern of weekly increases, including 3,311 BTC the prior week, and positions Strive ahead of several competitors in corporate Bitcoin rankings.

Funding Through Warrants and Equity Offers

Warrant holders exercised contracts on October 12 and 13, generating 369.2 million dollars in gross proceeds and issuing 13,674,703 Class A shares. This raised Strive’s effective share count by 12.4 percent, closely matching the 12.3 percent growth in Bitcoin holdings and keeping BTC per share largely unchanged.

The company also priced an upsized offering of seven million SATS preferred shares at 90 dollars each, targeting 630 million dollars in gross proceeds before discounts. The preferred stock carries a 15 percent annual dividend, with payments beginning November 9 subject to board approval. Proceeds from the offering are available for further Bitcoin acquisitions, working capital, or related uses.

Earlier purchases by the company included 2,822 BTC on October 12 and 13 at about 83,266 dollars per coin, followed by 1,223 BTC from October 14 to 16 at roughly 81,734 dollars per coin.

Market Context and Corporate Activity

Bitcoin steadied near 82,000 dollars after dipping below 80,000 dollars late the previous week amid hotter-than-expected U.S. inflation data and technology stock declines. The asset recovered as oil prices and Treasury yields eased, with support holding around 80,400 dollars and resistance noted near 82,500 dollars.

Other public companies continued Bitcoin accumulation last week, with Strategy, the largest corporate holder, adding 267 BTC for 22.1 million dollars at an average of 82,900 dollars per coin. Its total reached 848,517 BTC. The Smarter Web Company purchased 83 BTC, while Bitmine added one BTC; Metaplanet made no move. These transactions brought the non-mining public companies’ net buying to 360 million dollars, of which Strive accounted for more than 90 percent.

Industry-wide, tracked public companies excluding miners held 1,161,643 Bitcoin worth about 95.41 billion dollars, representing 5.8 percent of Bitcoin’s circulating supply at the time.

Strive’s approach integrates equity financing with treasury strategy, maintaining BTC per share stability while expanding reserves. The SATS offering, set to settle October 20, continues this model of tying capital raises directly to potential Bitcoin purchases. Shares of Strive rose about 7.7 percent to 25.95 dollars in late-morning trading on the day of the filing.