Strive Bitcoin Treasury Buy Lands It in the Top Four

Strive bought bitcoin again this week, and the purchase came with a promotion. According to The Block, the company disclosed in an October 14 regulatory filing that it picked up two thousand eight hundred twenty-two bitcoin across October 12 and 13, paying an average of about eighty-three thousand dollars per coin including fees. The total came to roughly two hundred thirty-five million dollars. The Strive bitcoin treasury now holds thirty-five thousand five hundred ninety-five coins.

That stack edges out MARA Holdings, which holds thirty-five thousand five hundred seventy-seven bitcoin, The Block reported. The Strive bitcoin treasury is now the fourth-largest public-company holding on record, trailing only Strategy, Metaplanet, and Twenty One Capital. The company is moving quickly: BitcoinTreasuries reported that Strive disclosed a separate purchase of three thousand three hundred eleven bitcoin just one day earlier, so the two buys together added more than six thousand coins in a single week.

The timing is what makes this round interesting. Strive bought just before a hotter-than-expected September inflation reading revived talk of another Federal Reserve rate hike. FinanceFeeds reported that bitcoin dropped below eighty-two thousand dollars on October 14, which means the newest coins in the Strive bitcoin treasury were bought above the current market price, at least for now.

Why Strive keeps buying the dips

Strive runs the corporate bitcoin treasury playbook that Strategy pioneered. The company, which FinanceFeeds notes was co-founded by Vivek Ramaswamy, raises cash from investors and uses it to buy bitcoin for its own balance sheet, betting that the coin's hard cap of twenty-one million coins makes it a better long-term store of value than dollars losing ground to inflation. Every pullback in the price has been treated as a restocking moment for the Strive bitcoin treasury.

Chief executive Matt Cole is open about the ambition. The Block reported that Cole has said Strive could finish 2026 as the world's second-largest public bitcoin holder, while describing that outcome as uncertain. Michael Saylor, the executive chairman of Strategy, replied to Cole's announcement on social media with three words: "Strive for Bitcoin," according to BitcoinTreasuries.

How the company paid for the coins

The company paid for the coins by raising fresh capital from investors. The Block reported that investors exercised warrants for about thirteen point seven million Class A shares across the same two days, generating expected gross proceeds of roughly three hundred sixty-nine million dollars. In total, ninety-four percent of Strive's traditional warrants have now been exercised, chief executive Matt Cole said in a social media post.

More fundraising is already in motion. Strive has proposed selling five million shares of a perpetual preferred stock carrying a fifteen percent dividend, at a stated price of one hundred dollars per share, with the proceeds earmarked for bitcoin and bitcoin-related purchases, The Block reported. For anyone considering the stock, the mechanics deserve attention: each round of warrants and preferred shares converts investor cash into coins that flow into the Strive bitcoin treasury, but it also expands the share count, which can dilute existing holders.

What young investors should watch

The Strive bitcoin treasury is a concentrated bet on a single asset. When bitcoin rallies, treasury companies tend to outperform the coin itself. When it falls, the same machinery works in reverse, and the preferred dividends still have to be paid. Recent data from Apex Fintech Solutions showed Gen Z investors already adding Strategy, the original bitcoin treasury company, to their top holdings, so this trade is moving from crypto social feeds into ordinary brokerage accounts.

The macro backdrop adds risk. A hotter September inflation print pushed rate-hike odds higher, and spot bitcoin ETFs have been bleeding cash on heavy days this month, a trend covered in the site's ETF outflow tracker. Bitcoin's fixed supply is the whole thesis behind the Strive bitcoin treasury, and the company is wagering hundreds of millions of dollars that scarcity beats the Fed. The next read on that bet comes with the November listing calendar and whatever inflation does next.

For now, the numbers on the scoreboard are public and precise. Strive owns thirty-five thousand five hundred ninety-five bitcoin, and every purchase has been disclosed to the dollar in regulatory filings. According to The Block, the company plans to keep buying. Whether that looks brilliant or reckless will be decided by where bitcoin trades when the cost of the warrants and preferred stock has to be reckoned with.