Asset management firm Strive has executed its largest-ever single Bitcoin acquisition, purchasing 6,182 BTC for $511.4 million at an average price of $82,732 per unit over the past week.
Record Bitcoin Treasury Expansion
CEO Matt Cole announced the transaction on X on October 26, 2026, confirming that the acquisition brings the company's total crypto reserves to an all-time high of 43,000 BTC. At current market prices, Strive's overall stash is valued at just under $3.5 billion. The recent haul surpasses the firm's previous major additions, which included 3,311 BTC purchased a few weeks ago, a haul of approximately 2,500 BTC acquired between May and June, and last week's acquisition of 1,223 BTC.
The strategic expansion comes as price fluctuations see Bitcoin falling below $80,000, shifting the overall fiat valuation of balance sheet assets across corporate holders.
Treasury Balance and $1 Billion Preferred Stock Program
Strive also reported significant growth in its fiat reserves, noting that cash and marketable securities rose by $187.7 million to reach $554.6 million. The capital gain reflects effective deployment from recent preferred stock sales while retaining liquidity for corporate operations and dividend payouts.
To fund future Bitcoin additions, Strive established a $1 billion ATM program for its SATS preferred stock. The company utilizes a debt-free model by issuing dividend-bearing preferred securities under tickers $ASST, $SATA, and $SATS.
Key Takeaways
- Record Purchase: Strive bought 6,182 BTC for $511.4 million at an average cost of $82,732 per coin.
- Treasury High: Total holdings reached 43,000 BTC, currently valued at nearly $3.5 billion.
- Cash Reserves: Cash and marketable securities expanded by $187.7 million to $554.6 million.
- ATM Issuance: Launched a $1 billion ATM program for SATS preferred stock to fund further buys.
Why It Matters
Strive's aggressive buying strategy demonstrates how corporate treasuries are using specialized equity instruments to stack digital assets without incurring traditional debt. By leveraging preferred stock issuances like SATS and SATA, the firm preserves liquidity for dividends while accumulating underlying crypto equity. Investors should monitor whether this preferred equity funding model spreads across financial institutions as institutional Bitcoin market cycles structuralize.
