Strive Acquires 6,182 Bitcoin, Boosting Holdings to 43,000 BTC

Strive, Inc. (ASST) has made a significant addition to its Bitcoin holdings, acquiring 6,182 BTC for approximately $511.4 million between October 17 and October 23, 2026. This purchase raises the company's total Bitcoin treasury to 43,000 BTC, marking its largest acquisition to date.

The average price paid for the Bitcoin was around $82,732 per coin. Following this acquisition, Strive's cash and marketable securities increased by $187.7 million, totaling $554.6 million. This strategic move comes shortly after Strive completed an upsized initial public offering of its 15% Series A Perpetual SATS Preferred Stock, raising $630 million in gross proceeds.

Strive has also established a $1 billion at-the-market (ATM) program for its SATS preferred stock, allowing the company to issue shares over time to fund further Bitcoin purchases and other corporate needs. The SATS offering is designed to provide flexibility in capital raising, which is crucial for Strive's ongoing Bitcoin treasury strategy.

Since merging with Semler Scientific in January 2026, Strive has significantly increased its Bitcoin holdings from approximately 12,800 BTC to the current total of 43,000 BTC. This rapid accumulation positions Strive as the fourth-largest public corporate holder of Bitcoin, trailing behind major players like Strategy and Metaplanet.

As Strive continues to build its Bitcoin treasury, shareholders should be aware of the implications of its funding structure. The company has opted to finance its acquisitions through preferred equity rather than debt, which carries obligations such as dividends that must be serviced regardless of Bitcoin's market performance.