Strive nears second-place public bitcoin holding rank after $10 million purchase
After a slower pace of buying than in recent weeks, Strive adds 124 bitcoin for about $10 million and lifts its treasury to 43,124 BTC. The latest move leaves the company just behind other top corporate holders as it pursues management's year-end goal of becoming the second-largest public bitcoin holder.
Highlights
- Strive purchases $10 million in bitcoin using mainly existing cash and debuts its SATS preferred stock ATM program for funding.
- Strive ends October 30 with $490.4 million in cash and cash equivalents, reflecting a slight decrease from the previous week after acquiring about $1.25 billion of bitcoin earlier in October.
- Strive holds 43,124 BTC, currently ranked fourth among public bitcoin holders, and needs to acquire fewer than 100 BTC weekly in 2026 to surpass Metaplanet's 44,000 BTC if Metaplanet does not buy more.
Funding mix and treasury position
As reported by The Block, Strive says it funds most of its latest bitcoin purchase with existing cash and uses its SATS preferred stock ATM program for the first time.The company says the new acquisition marks a slowdown from its recent buying activity, after it picked up about $1.25 billion of bitcoin during October alone. Strive ends October 30 with $490.4 million in cash and cash equivalents, slightly below the level reported a week earlier.
In a separate social media post, Chief Executive Officer Matt Cole says most of the latest purchases come from existing cash, alongside the initial use of the SATS preferred stock ATM offering.
Ranking pressure in corporate bitcoin holdings
Strive currently ranks fourth among public bitcoin holders with 43,124 BTC. Strategy remains far ahead with 849,327 BTC, while Metaplanet holds 44,000 BTC, Twenty One holds 43,514 BTC, and MARA holds 35,577 BTC.Based on the current gap, Strive would need to acquire fewer than 100 BTC a week for the rest of 2026 to overtake Metaplanet, assuming Metaplanet makes no further purchases. That keeps the company within reach of Cole's stated target of finishing the year as the second-largest public bitcoin holder.
In our earlier article, we covered how ongoing geopolitical tensions and elevated fiscal spending are testing sovereign resilience in a higher interest rate environment. We noted that persistently higher inflation and refinancing costs can erode fiscal headroom, with emerging and frontier markets particularly exposed due to heavier interest-service burdens and narrower revenue bases.
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