Bitcoin · Strategy · The Block
Strive picks up 3,311 bitcoin for $280 million in largest acquisition since January
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Vivek Ramaswamy-founded Strive Strive, Inc. (ASST) increased its bitcoin Bitcoin (BTC) holdings by 3,311 BTC over the past week, lifting its total treasury to 32,773 BTC as of Oct. 9, according to an 8-K filing with the Securities and Exchange Commission on Tuesday.
Key facts
- Vivek Ramaswamy-founded Strive Strive, Inc. (ASST) increased its bitcoin Bitcoin (BTC) holdings by 3,311 BTC over the past week, lifting its total treasury to 32,773 BTC as of Oct
- Strive also reported an increase in its cash and cash equivalents to $310.3 million from $284.7 million over the last week, despite the bitcoin purchase
- Its Class A shares outstanding rose by approximately 9.5 million, while SATA preferred shares outstanding increased by 532,094
- Responding to Strive's announcement, Strategy Executive Chairman Michael Saylor praised the firm's latest bitcoin acquisition, a figure more than 13 times greater than Strategy's 250 BTC haul last
Summary
The latest purchase marks Strive's largest increase in bitcoin holdings since January, when it acquired approximately 5,048 BTC through its all-stock merger with Semler Scientific, cementing its place in the top five public company holders of bitcoin. Strive CEO Matt Cole previously stated the aim of ending 2026 as the world's second-largest public bitcoin holder. Since going public in September 2025, Strive has accumulated bitcoin through multiple channels, including 5,886 BTC from initial PIPE proceeds and exchange activity, as well as other capital markets activity such as at-the-market programs and follow-on offerings. Strive has relied on structured finance instruments to fund its bitcoin strategy, particularly its Variable Rate Series A Perpetual Preferred Stock, or SATA.