Strive purchased 15,124 Bitcoin in October 2026, taking its purchases for the first 10 months of the year to 35,497 BTC, according to the company’s third-quarter earnings report released Friday.
As reported by Cointelegraph in an article published on Nov. 7, 2026, at 02:22:42 UTC+8, the accumulation put Strive within reach of larger corporate Bitcoin holders. Its earnings and financing figures also show why treasury growth should be assessed separately from operating performance and broader crypto adoption.
Fourth among publicly traded corporate holders
Strive held 43,124 BTC as of Oct. 30, ranking it fourth among publicly traded corporate Bitcoin holders, according to BitcoinTreasuries.NET data cited in the report.
The company was:
- 390 BTC behind third-place Twenty One Capital.
- 877 BTC short of surpassing second-place Metaplanet, which held 44,000 BTC—assuming neither rival added to its holdings.
In a September interview, CEO Matt Cole said Strive could become the world’s second-largest publicly traded corporate Bitcoin holder by year-end. He also acknowledged that this was not his base-case scenario.
These figures measure Bitcoin accumulated by one corporate treasury. They do not establish growth in crypto users, network activity or customer retention.
Preferred-stock funding and unrealized gains
Strive raised approximately $609 million in net proceeds through an October offering of its SATS perpetual preferred stock, which carries a 15% annual dividend rate. The company had not specified how much of those proceeds it would allocate to Bitcoin purchases.
For the third quarter, Strive reported $509 million in net income, driven largely by $533.7 million in unrealized Bitcoin gains. That distinction matters: the reported profit was largely tied to gains in the value of its Bitcoin holdings, rather than evidence of expanded customer use.
Financial-services opportunities remain under evaluation
Strive’s earnings report said it was evaluating opportunities in banking, brokerage, decentralized finance, reinsurance and tokenization as part of a broader strategy to leverage its balance sheet.
Chief risk officer Jeff Walton told Cointelegraph that the company was looking beyond cryptocurrency markets for ways to put its Bitcoin holdings to work:
“We believe that some of the bigger opportunities are crossing the aisle into traditional finance, operating as a structured finance company, and finding yield and distribution that is not correlated to Bitcoin or crypto.”
These were opportunities under evaluation, not reported launches or demonstrated sources of revenue.
Meanwhile, Strive shares (ASST) fell 1.97% to $20.19 in early Friday trading, extending their decline over the preceding month to 32.15%, according to Yahoo Finance data cited at the time of the original report. The source did not establish what caused that decline.
