TLDR
- Strive bought 124 BTC for about $10 million between Oct. 24 and Oct. 30.
- Total holdings now stand at 43,124 BTC, good for fourth place among public holders.
- It used its SATS preferred stock program for the first time, though cash covered most of the buy.
- Strive ended Oct. 30 with $490.4 million in cash and equivalents.
- CEO Matt Cole still wants second place by year-end.
Strive (ASST) stock fell 6.29% on Monday after the company added more bitcoin to its treasury. The firm bought 124 BTC between Oct. 24 and Oct. 30, according to a filing with the SEC.
Bitcoin itself dropped 1.49% in the same session. The purchase cost about $10 million, or an average of $80,526 per coin.
The deal brings Strive’s total to 43,124 BTC. That is a small step compared with recent weeks, when the company bought roughly $1.25 billion worth of bitcoin in October alone.
CEO Matt Cole announced the buy on X on Nov. 2. The holdings grew by about 0.29% from the prior balance of 43,000 BTC.
Strive acquired 124 $BTC for $10M at an average cost of $80,526 per bitcoin, bringing total holdings to ₿43,124.⁰⁰- Existing cash funded most purchases⁰- SATS ATM used for first time, representing 100% of weekly ATM proceeds⁰- Amplification Ratio: 62.7%⁰⁰$ASST $SATA $SATS pic.twitter.com/rFrS6y4AVc
— Matt Cole (@ColeMacro) November 2, 2026
How the Purchase Was Funded
Most of the money came from existing cash. Strive also tapped its SATS preferred stock at-the-market program for the first time.
The company launched that program on Oct. 26. It lets Strive sell up to $1 billion of SATS preferred shares to fund bitcoin buys and other costs.
SATS sales made up all of the revenue raised through its ATM programs that week. Cash and equivalents ended Oct. 30 at $490.4 million, down $14 million from a week earlier.
Strive also holds 505,000 shares of Strategy’s STRC preferred stock. They were worth about $50.1 million as of Oct. 30.
Its SATA preferred shares outstanding held steady at just over 14 million. Cole’s update listed an Amplification Index of 62.7%.
The previous buy, announced Oct. 26, was 6,182 BTC for about $511.4 million. That deal averaged $82,732 per coin, so the latest one came in cheaper.
Chief investment officer Ben Werkman said there are times to be aggressive and times for moderation. He added that “this is a marathon,” and the firm will keep working for long-term shareholder value.
Strive is now fourth among public bitcoin holders, per Bitcoin Treasuries data. Strategy leads with 849,327 BTC, followed by Metaplanet at 44,000 BTC and Twenty One at 43,514 BTC.
MARA rounds out the top five with 35,577 BTC. At current levels, Strive would need fewer than 100 BTC per week through year-end to pass Metaplanet, assuming Metaplanet buys nothing more.
Strategy said Monday it bought another 811 bitcoins over the past week.
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