Strive Expands Bitcoin Holdings to 43,000 BTC, Eyes $1 Billion Fundraise

Highlights:

• Strive now holds around 43,000 Bitcoin, worth about $3.5 billion, after adding more coins this month.
• The company plans to raise up to $1 billion through preferred stock sales to buy more Bitcoin.
• Earlier this month, Strive raised $630 million through another stock offering, selling seven million preferred shares.

Bitcoin (BTC) treasury company Strive has increased its holdings to around 43,000 BTC, worth about $3.5 billion. The company also plans to raise up to $1 billion through preferred stock sales. The funds could support more Bitcoin purchases and other business needs.

According to an October 26 filing with the US Securities and Exchange Commission (SEC), Strive has continued expanding its Bitcoin treasury. A separate prospectus filed the same day confirmed its latest holdings and funding plans.

Strive Adds 6,182 BTC as Holdings Reach 43,000, Opens $1B SATS ATM

According to SEC filings, Strive purchased 6,182 BTC between October 17 and 23 at an average price of about $82,732, bringing total holdings to 43,000 BTC. The company also entered into an at-the-market program… pic.twitter.com/YwULtUkHWz

— Wu Blockchain (@WuBlockchain) October 26, 2026

Strive Reports $3.5 Billion in Bitcoin Holdings

Strive held approximately 43,000 Bitcoin as of October 23, up from 36,818 BTC reported a week earlier. That represents an increase of roughly 6,200 BTC. The company reported a total acquisition cost of about $3.8 billion. Its average purchase price stood at $87,785 per Bitcoin, including fees and expenses.

However, Strive valued its holdings at approximately $3.5 billion as of October 23. That puts their market value below the amount the company paid to acquire them. Alongside its Bitcoin holdings, Strive reported $504.4 million in cash and cash equivalents. It also held shares of Strategy’s STRC preferred stock worth around $50.2 million.

The latest figures follow several weeks of Bitcoin purchases. Between October 12 and October 16, Strive bought 4,045 BTC at an average price of $82,803 per coin. Those purchases brought its holdings to 36,818 BTC before the latest increase. Strive uses Bitcoin as a major part of its corporate treasury strategy. The company raises capital through stock offerings and other financing methods to support its purchases.

Strive Plans Up to $1 Billion in SATS Preferred Stock Sales

Meanwhile, Strive has announced another funding plan. In its October 26 prospectus, the company said it could sell up to $1 billion of its Series A Perpetual SATS Preferred Stock. The shares carry a 15% annual dividend rate based on their $100 stated amount. However, cash dividend payments remain subject to board approval and applicable requirements.

Under the new agreement, Strive can sell the shares gradually through seven financial firms. These include Cantor Fitzgerald, Barclays Capital and Clear Street. The arrangement allows the company to sell shares at market prices over time. However, the $1 billion figure is the maximum offering amount, not money already raised.

Strive said it could use the proceeds to buy Bitcoin, support daily operations, acquire assets or repurchase shares. The company has not committed the entire amount to Bitcoin purchases. Earlier, on October 20, Strive completed a separate $630 million preferred stock offering. It sold seven million SATS shares at $90 each.

That offering also marked the start of SATS trading on Nasdaq. The new funding arrangement gives Strive another way to raise money as it expands its Bitcoin holdings. However, future purchases will depend on market conditions and how management decides to use the proceeds.