Strive purchased another $511 million worth of bitcoin, raising its total reserves to 43,000 BTC while simultaneously setting up a preferred stock offering program of up to $1 billion.
Bitcoin treasury enterprise Strive Strive, Inc. (ASST) expanded its Bitcoin (BTC) reserves by 6,182 BTC between October 17 and October 23, lifting its aggregate treasury to 43,000 BTC, as outlined in a Securities and Exchange Commission 8-K filing released on Monday.
The organization is presently closing in quickly on Metaplanet and Twenty One for the second and third positions among publicly traded holders, currently holding the fourth position. Strategy leads the group with 848,517 BTC, whereas Metaplanet, Twenty One, and MARA comprise the rest of the top five, holding 44,000 BTC, 43,514 BTC, and 35,577 BTC respectively, based on Bitcoin Treasuries figures.
Strive CEO Matt Cole’s previously stated objective is to conclude the year as the second-largest public holder of bitcoin. The business presently needs to accumulate an average of roughly 105 BTC weekly to overtake Metaplanet’s current balance.
Strive’s up to $1 billion SATS at-the-market offering
Strive finished October 23 with $504.4 million in cash and cash equivalents, rising from $317.5 million a week prior, according to the submission. Its outstanding Class A shares climbed by approximately 3.3 million to reach 118.1 million during that same timeframe.
The corporation additionally established an at-the-market offering initiative for up to $1 billion of its SATS preferred stock, per a distinct SEC filing issued on Monday. The funds may be allocated toward general business operations, such as extra bitcoin acquisitions, operational capital, and alternative investments, the enterprise explained.
Strive maintains its position holding 505,000 shares of Strategy’s STRC preferred stock, estimated at $50.2 million as of October 23, climbing from $49.3 million a week earlier. The quantity of outstanding SATA preferred shares remained largely constant at approximately 14 million.
Strive also finalized its issuance of 7 million SATS preferred shares on October 20, generating approximately $630 million prior to fees. Those shares distribute a 15% yearly dividend, and the company has reserved sufficient funds to handle the initial 18 months of distributions.
Originally published at https://www.theblock.co/news/business/2026-10-26-strive-closes-in-second-largest-corporate-bitcoin-treasury-511-million-purchase-431729.
