Strive purchased 15,124 Bitcoin in October 2026, lifting its purchases for the first 10 months of the year to 35,497 BTC, according to its third-quarter earnings report released Friday. The accumulation moved it closer to the largest publicly traded corporate Bitcoin holders, even as its shares remained under pressure.
Original report published Nov. 7, 2026, at 02:22:42 UTC+08:00. Market figures below reflect the source’s reporting window.
Fourth-largest holder, with a narrow gap ahead
Strive held 43,124 BTC as of Oct. 30, ranking fourth among publicly traded corporate Bitcoin holders, according to BitcoinTreasuries.NET data cited by Cointelegraph.
It trailed third-place Twenty One Capital by 390 BTC. To surpass second-place Metaplanet, which held 44,000 BTC, Strive would need another 877 BTC—assuming neither rival increased its holdings.
In a September interview, CEO Matt Cole said Strive could become the world’s second-largest publicly traded corporate Bitcoin holder by year-end. He also acknowledged that this was not his base-case scenario. The October purchases narrowed the gap but did not establish that the year-end ranking would change.
Capital raised is not the same as Bitcoin allocated
Strive raised approximately $609 million in net proceeds through an October offering of SATS perpetual preferred stock, which carries a 15% annual dividend rate. The company had not specified how much of those proceeds it would allocate to Bitcoin purchases.
That distinction matters when assessing its capacity for further accumulation: the reported fundraising amount was not a disclosed Bitcoin-buying commitment.
For the third quarter, Strive reported $509 million in net income, driven largely by $533.7 million in unrealized Bitcoin gains. Those unrealized gains were central to the reported earnings result, rather than evidence of realized proceeds from Bitcoin sales.
Expansion plans extend beyond crypto markets
The earnings report said Strive was evaluating opportunities in banking, brokerage, decentralized finance, reinsurance and tokenization as part of a broader effort to leverage its balance sheet.
Chief risk officer Jeff Walton told Cointelegraph that the company was looking beyond cryptocurrency markets for ways to put its Bitcoin holdings to work:
“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.”
These were opportunities under evaluation, not confirmed business launches.
Accumulation and share performance diverged
Strive shares, trading under ASST, fell 1.97% to $20.19 in early Friday trading. That extended their decline over the preceding month to 32.15%, according to Yahoo Finance data cited at the time of the original report.
The reporting window therefore showed two different developments: a substantial increase in Strive’s Bitcoin holdings and a decline in its share price. The source did not establish what caused the equity selloff, and the accumulation alone does not support a forecast for either the shares or the wider Bitcoin market.
