Strive Adds 15,124 Bitcoin in October and Closes In on Treasury’s No. 2 Spot

Strive spent October building one of the largest corporate Bitcoin positions in the public market, adding 15,124 BTC in a single month and bringing its reported holdings to 43,124 BTC.

Strive disclosed the October purchases alongside its third-quarter results. The company said it acquired 8,136 BTC during the quarter and another 15,124 BTC from October 1 through October 30, pushing its total purchases for the first ten months of 2026 to 35,497 BTC.

The company reported a 63.2% year-to-date Bitcoin Yield through September 30, its measure of growth in Bitcoin exposure relative to shares outstanding. Strive also reported $509 million in third-quarter net income, with the result driven primarily by $533.7 million in unrealized gains on its Bitcoin holdings.

Strive ended October with roughly $490.4 million in cash and cash equivalents after raising about $609 million through its SATS perpetual preferred-stock offering. That leaves the company with both a large Bitcoin reserve and additional balance-sheet capacity, although the preferred shares carry a substantial ongoing dividend cost.

STRIVE RELEASES 3Q26 EARNINGS

– $ASST total return outperformed BTC by 103.7% YTD
– Bitcoin Yield of 63.2% YTD
– Bitcoin $ Gain of $9.00 per ADSO YTD
– Net Income attributable to common equity of $474.8M

YTD figures through 9/30/26$ASST $SATA $SATS

— Strive (@Strive) November 6, 2026

Closing in on the top of the treasury table

At 43,124 BTC, Strive stood within 390 BTC of Twenty One Capital and 876 BTC of Metaplanet at the time of publication. Those rankings can move quickly when any company announces another purchase, but the gap shows how aggressively Strive has climbed the corporate treasury list.

Chief executive Matt Cole has said becoming the world’s second-largest publicly traded corporate Bitcoin holder by year-end was possible, even if it was not his base case. After the October buying spree, that goal is no longer a distant talking point.

Bitcoin is the hurdle rate at Strive. We believe our Bitcoin Yield is the primary driver of $ASST outperformance over $BTC this year. Now with both $SATA and $SATS, Strive has never been better positioned to deliver long-term returns above Bitcoin for our common shareholders. https://t.co/8RJYAOjsxu

— Matt Cole (@ColeMacro) November 6, 2026

The financing is the real story

The headline number is the Bitcoin stack, but the bigger test is whether Strive can keep increasing Bitcoin per share after accounting for the cost of its preferred stock. SATS carries a 15% annual dividend rate, while SATA has its own variable payout, so the company needs its financing structure to produce more value than it consumes.

That is why Strive emphasizes Bitcoin Yield instead of simply celebrating the number of coins on its balance sheet. Buying more BTC can make a treasury larger, but shareholders benefit only when the capital used to fund those purchases does not dilute or burden them faster than the Bitcoin exposure grows.

With 43,124 BTC and hundreds of millions of dollars still available, Strive has positioned itself to keep buying. The next disclosures will show whether it can turn that scale into durable per-share performance rather than just a higher place on the leaderboard.

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