Strive Acquires 2,000 Additional BTC for $169 Million
Key Facts
Vivek Ramaswamy's Strive purchased 2,000 additional Bitcoin for approximately $169 million. According to CoinGape, the company's total Bitcoin holdings reached 29,462 units following this latest acquisition, continuing its strategy of aggressive corporate treasury accumulation.
ASST closed at $30.03 on October 2, 2026, prior to the announcement of the latest purchase. The acquisition was reportedly executed at an average price of $84,422 per BTC between September 28 and October 2, as the company expands its digital asset portfolio.
Latest Updates · 3
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Update: Reports indicate that Strive carries $1.29 billion in preferred stock obligations on its balance sheet. Despite these obligations, the company maintains its position as the fifth-largest corporate holder of Bitcoin globally.
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Update: Strive CEO Matt Cole confirmed that the recent 2,000 BTC purchase represents the company's second-largest acquisition in 2026. Cole further noted that this transaction ranks as the third-largest purchase in the company's history.
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Update: Strive disclosed that its SATA preferred stock accounted for 61.5% of its total raised capital. The company also announced a buyback facility for these shares, aiming to manage its capital structure alongside its ongoing digital asset expansions.