Strive Buys 6,182 Bitcoin, Raising Holdings to 43,000 in One Week

Key Facts

Strive bought 6,182 Bitcoin between October 17 and 23 at an average price of about $82,732 per coin, including fees and expenses, according to a filing with the U.S. Securities and Exchange Commission. The purchase raised its holdings to 43,000 Bitcoin on October 23, from 36,818 on October 16. The purchases coincided with a $186.9 million increase in the company’s cash and cash equivalents, to $504.4 million, and an increase in common shares outstanding. But the filing does not link the changes in cash or shares to funding the Bitcoin purchase. The figures highlight the company’s accelerated accumulation of the digital asset over one week.

The filing data show that outstanding Class A shares increased by 3,266,034 during the period, reaching 118,113,644 shares on October 23. Total actual common shares, which include Classes A and B, stood at 127,328,346. The number of shares assumed outstanding after full dilution rose to 130,044,690, up 3,254,670 from October 16. These increases coincided with growth in Bitcoin holdings and cash, without the filing specifying how share proceeds were used or how the purchase was funded. The company’s filing thus reports the figures separately and provides no financing link between them.

October’s purchases follow Strive’s purchase of 8,137 Bitcoin in the third quarter ended September 30, at an average cost of $78,885 per coin. The company said in its filing that the preliminary figures for the period are unaudited and remain estimates subject to change, as the quarter-end close was not complete. On September 30, it reported holding 28,000 Bitcoin at an average acquisition cost of $90,170 per coin, alongside $284.7 million in cash and cash equivalents. That places the purchases in the final week of October after accumulation disclosed during the quarter, with the average purchase cost differing between the two periods. The third-quarter filing does not specify the sources of funding for the purchases.

On October 26, Strive established an at-the-market offering program for its SATS preferred stock with a total value of up to $1 billion. The offering prospectus says net proceeds may be allocated to general corporate purposes, including purchases of Bitcoin and related products and working capital, with allocation decisions left to management. The program provides a potential funding channel for future purchases, but does not establish that the offering funded purchases from October 17 to 23. SATS shares carry cumulative dividends at an annual rate of 15% on a stated value of $100 per share, payable in arrears for the period when the board declares a distribution. Regular distribution dates begin on November 9, 2026, while the last reported sale price of the stock on Nasdaq was $94.88 on October 23.

In a separate filing covering the period from October 19 to 25, Strategy said it did not buy or sell Bitcoin and did not sell shares through its at-the-market offering program. But it repurchased 2,068,459 shares of its STRC preferred stock for $204.9 million and reported no purchases of its MSTR common stock. The company said it used $204.9 million from its USD Cash balance to fund the STRC repurchase. Its USD Reserve balance was about $4.83 billion, compared with $242.4 million in USD Cash, on October 25. Strategy allocated the reserve balance to support dividends on its preferred shares and interest on its debt, while cash can be used for broader purposes, including buying Bitcoin or increasing the reserve.

Strategy’s holdings remained much larger, at about 848,517 Bitcoin on October 25, with a total acquisition cost of $64.02 billion and an average of $75,446 per coin, including fees and expenses. In the market, Bitcoin closed at $83,028.15 on October 20, then at $80,150.56 on October 26, before closing at $80,558.29 on October 28. Strive shares, trading under the ticker ASST, closed at $27.06 on October 20 and $26.32 on October 26, then at $27.14 on October 27. Strategy shares, trading under the ticker MSTR, closed at $142.72 on October 20, $139.82 on October 26, and $141.40 on October 27. The price data do not attribute these moves to either company’s filings.