Strive bought 6,182 bitcoin for more than $511 million, the company's largest single purchase to date. CEO Matt Cole announced the deal on X. The average price was $82,732 per coin, and the buy lifts Strive's total stash to 43,000 BTC — an all-time high in bitcoin terms.
At current prices near $80,000, those holdings are worth just under $3.5 billion. The purchase dwarfs Strive's previous moves this year, including a 3,311 BTC buy and roughly 2,500 BTC acquired in May-June. Just a week earlier, the company had picked up 1,223 BTC.
Bigger than the last one, and the one before that
The size jump is the story. Strive's prior purchases were already large by corporate-treasury standards, but 6,182 BTC in one clip is a different category. The company isn't slowing down as the price sits near $80,000 — it's accelerating.
The average cost of $82,732 is above the current market price, which means this latest batch is underwater on paper. That's a detail worth noting for anyone tracking the company's cost basis. Strive is buying through a drawdown, not a rally.
The $1 billion ATM program
Strive also set up a $1 billion at-the-market program for its SATS preferred stock. The facility is designed to fund further bitcoin purchases. In plain terms: the company has lined up a large pool of capital specifically for more buying.
Its cash and marketable securities rose by $187.7 million to $554.6 million. That gives Strive both a bigger war chest and a formal mechanism to raise more when it wants to add coins.
A treasury strategy that keeps getting louder
Strive's approach has been consistent: raise capital, convert it into bitcoin, repeat. The new ATM program makes the repeat part more explicit. The company now holds 43,000 BTC, a figure that puts it among the larger corporate holders.
Cole's announcement on X was short on detail beyond the numbers, and the company hasn't said how quickly it plans to draw on the SATS facility. What's clear is that Strive's buying hasn't hit a ceiling — the latest purchase is more than double its previous largest, and the funding pipeline just got a $1 billion boost.
Whether the company keeps this pace through the rest of 2026 is the open question. The ATM program is in place. The cash is higher. The next purchase, if it comes, will test how aggressively Strive wants to use both.
