Original report published Nov. 7, 2026, at 02:22:42 UTC+8.
Bitcoin treasury company Strive purchased 15,124 Bitcoin in October, bringing its purchases for the first 10 months of 2026 to 35,497 BTC, according to its third-quarter earnings report released Friday.
The company held 43,124 BTC as of Oct. 30. BitcoinTreasuries.NET data cited in the report ranked Strive as the fourth-largest publicly traded corporate Bitcoin holder.
Closing the gap with larger holders
Strive trailed third-place Twenty One Capital by 390 BTC. It would need another 877 BTC to surpass second-place Metaplanet’s 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, while acknowledging that this was not his base-case scenario.
Strive also raised approximately $609 million in net proceeds from 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.
Evaluating businesses beyond Bitcoin accumulation
Strive’s earnings report said the company 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 Strive 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,” Walton said.
Strive shares, traded under the ticker ASST, fell 1.97% to $20.19 in early trading Friday. That extended their decline over the preceding month to 32.15%, according to Yahoo Finance data cited at the time of the original report.