Strive Adds 1,223 Bitcoin as Total Treasury Climbs to 36,818 BTC

Strive increased its bitcoin treasury by 1,223 BTC between October 14 and October 16, an SEC filing showed on Monday. The company paid an average of about $81,734 per coin, bringing total holdings to 36,818 BTC. That follows 2,822 BTC bought for $235 million earlier in the week, so Strive picked up 4,045 BTC in total last week.

Largest Public Bitcoin Holders Ranking

The buying keeps Strive in fourth place among publicly traded corporate bitcoin holders. CEO Matt Cole has said he wants to finish the year as the second largest public holder. To pass Metaplanet, the firm would need to add roughly 700 BTC per week on average.

Strive Cash Position and Warrant Exercises

Strive ended October 16 with $317.5 million in cash and equivalents, up from $310.3 million a week earlier. Class A shares outstanding rose by about 13.7 million to 114.8 million. All of its traditional warrants have now been exercised or have expired, with exercises earlier in the week bringing in about $369.2 million and the rest expiring on October 13.

Strive Preferred Stock and SATS Offering

The company still holds 505,000 shares of Strategy’s STRC preferred stock, valued at $49.3 million as of October 16, while its own SATA preferred shares outstanding stayed at about 14 million. Separately, Strive priced a new offering of 7 million SATS preferred shares on October 15, aiming to raise about $630 million before expenses. The deal is set to settle on October 20, subject to customary closing conditions.