Strive buys 15,124 Bitcoin in October and nears top corporate holders
Strive adds 15,124 Bitcoin in one month
Bitcoin treasury company Strive bought 15,124 Bitcoin in October. A Bitcoin treasury company is a company that holds Bitcoin as a major asset.
Strive reported the purchases in its third-quarter earnings report released Friday. It said it held 43,124 BTC as of Oct. 30.
Key numbers from the earnings report
- 15,124 BTC bought in October
- 35,497 BTC bought in the first 10 months of 2026
- 43,124 BTC held as of Oct. 30
- $509 million in third-quarter net income
- $533.7 million in unrealized Bitcoin gains
- About $609 million in net proceeds from an October offering of SATS perpetual preferred stock
The SATS stock carries a 15% annual dividend rate. Strive has not said how much of the proceeds it will use to buy Bitcoin.
How its holdings now rank
BitcoinTreasuries.NET data cited in the report puts Strive fourth among publicly traded corporate Bitcoin holders.
It trails third-place Twenty One Capital by 390 BTC. It would need another 877 BTC to pass second-place Metaplanet, which holds 44,000 BTC, if neither company changes its holdings.
What Strive said about its next steps
The earnings report says Strive is evaluating opportunities in banking, brokerage, decentralized finance, reinsurance and tokenization.
Jeff Walton, Strive’s chief risk officer, told Cointelegraph the company is looking beyond crypto markets. “We believe that some of the bigger opportunities are crossing the aisle into traditional finance, operating as a structured finance company, and finding yield and distribution that is not correlated to Bitcoin or crypto,” Walton said.
What is confirmed and what is still unclear
The purchases, holdings, earnings and offering proceeds are reported in Strive’s earnings report. The ranking is based on BitcoinTreasuries.NET data.
What remains unclear is how Strive will allocate the offering proceeds. The report also does not give a timeline for the possible banking or other projects.
Why the October purchases matter
The purchases moved Strive close to the top of the corporate holdings rankings. In September, CEO Matt Cole said the company could become the world’s second-largest publicly traded corporate Bitcoin holder by year-end. He said that was not his base-case scenario.
Shares of Strive (ASST) fell 1.97% to $20.19 in early trading Friday, according to Yahoo Finance data at the time of writing. That extended a decline of 32.15% over the past month.
Where this information comes from
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.