Strive Adds 3,311 Bitcoin in Its Biggest Buy Since January

Strive just put another major marker down in the corporate Bitcoin race.

The Nasdaq-listed company acquired 3,311 Bitcoin for roughly $280 million between October 5 and October 9, according to Decrypt. The purchase lifted Strive’s treasury from 29,462 BTC to 32,773 BTC and worked out to an average price of about $84,500 per coin, including fees and expenses.

The balance grew by more than 11% in one reporting week. It was Strive’s largest Bitcoin acquisition since January, when the company added roughly 5,048 BTC through its all-stock merger with Semler Scientific.

Strive also finished the period with approximately $310 million in cash, up from about $285 million a week earlier. Its Bitcoin reserve and cash position both increased during the reporting period.

BREAKING: 🇺🇸 Public company Strive purchases 3,311 Bitcoin worth $275 million! 👀

This brings their total to 32,773 BTC 🚀 pic.twitter.com/oNguyCU24N

— Bitcoin Magazine (@BitcoinMagazine) October 13, 2026

The purchase puts Strive within striking distance of several bigger names in the public-company Bitcoin rankings. The Block places Strive behind MARA’s 35,577 BTC and Metaplanet’s 44,000 BTC, while Strategy remains in a class of its own with 848,250 BTC.

CEO Matt Cole has set an aggressive objective: finish 2026 as the world’s second-largest public corporate Bitcoin holder. Strive still needs more than 11,000 BTC to catch Metaplanet’s current balance, assuming the Japanese company adds nothing else.

The funding structure matters as much as the headline number. Warrant exercises brought in approximately $208 million during the period, while Strive continued using preferred equity as another route to capital.

Those tools give the company more ways to build its Bitcoin position than spending cash already on the balance sheet. They also make dilution and financing costs central to the shareholder story.

🟠 @Strive added 3,311 #Bitcoin, increasing its holdings to 32,773 as warrant exercises brought in $208 million.https://t.co/DCnb81LNUe

— BTC Times (@BTCTimescom) October 13, 2026

For shareholders, a growing treasury is only half the equation. If a company issues stock or stock-linked instruments faster than it accumulates Bitcoin, the raw BTC total can rise while each share’s economic claim on that treasury barely moves.

Strive’s latest figures point in the right direction, but only modestly. Its Bitcoin holdings grew faster than its effective common-share count, producing an estimated increase in Bitcoin per share of roughly 1.7%.

That is the metric investors should keep watching as warrant exercises and preferred financing continue.

The timing also stands out. Bitcoin has been trading through a volatile stretch near the mid-$80,000 range, while public-market investors remain cautious about companies built around crypto treasuries.

Strive answered that uncertainty with its biggest direct purchase in months.

That does not guarantee the strategy will outperform. It does show the company is still executing on the exact thesis it sold to investors: raise capital, convert it into Bitcoin, and try to increase the amount of Bitcoin backing each share over time.

With 32,773 BTC now on the balance sheet, Strive is no longer a small entrant in the treasury race. The next question is whether it can keep adding Bitcoin without letting dilution erase the gain for shareholders.

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