Strive added 1,223 Bitcoin to its balance sheet for roughly $100 million, bringing the company's total corporate treasury to 36,818 BTC. CEO Matt Cole announced the purchase on October 19, and the company said the coins were bought between October 14 and the announcement date.
The size of the buy, about $82,000 per coin on average, puts Strive in the top tier of public-company Bitcoin holders and signals it isn't slowing down even as it lines up fresh capital.
A five-day buying window
Strive didn't buy in one clip. The Bitcoin was acquired over several sessions starting October 14, according to the company, which means it was accumulating while the market moved through the middle of the month. Cole disclosed the total on Monday rather than rolling out the purchase piece by piece.
The disclosure was light on mechanics: no split between open-market purchases and block trades, and no detail on where the coins are custodied. That's typical for corporate treasury announcements, but it leaves open how much of the buying was done at a single desk.
36,818 BTC and counting
The purchase lifts Strive's pile to 36,818 BTC. The company has been building that position methodically, and this week's addition is one of its larger single announcements. At $100 million for 1,223 coins, the average price works out to roughly $81,750 per Bitcoin, though the company didn't confirm that figure.
Corporate Bitcoin treasuries have become a crowded field this year, and Strive's total now sits well above what most public companies hold. The company hasn't said whether it plans to keep buying at this pace.
The SATS offering is next
Strive is also preparing to receive proceeds from its SATS offering, which could give it more dry powder. The company didn't disclose the size or timing of that raise, and it's unclear whether the new capital is earmarked for more Bitcoin or general corporate purposes.
That's the open question for anyone tracking Strive's treasury strategy: whether this week's $100 million buy was funded from existing cash and the SATS proceeds will add to the stack, or whether the offering is meant to replenish what was just spent.
What to watch
Strive hasn't set a date for closing the SATS offering, and it hasn't said whether it will disclose the proceeds separately. The next concrete data point will be the company's next treasury update, which typically comes with a filing or a statement from Cole.
For now, the company holds 36,818 BTC and has committed roughly $100 million to the latest tranche. Whether it keeps buying between now and the SATS close is the thing to watch.
