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ZEC $1,344 Strive Completes Its Third-Largest Bitcoin Purchase, Adding 2,000 BTC
Strive spent $169 million on 2,000 BTC at an average price of $84,422, raising its total holdings to 29,462 BTC.
Key takeaways
- Third-largest buy. Strive's 2,000 BTC purchase follows a 2,500 BTC buy for $185.2 million and a Semler merger involving 5,816-5,817 BTC.
- Holdings reach 29,462 BTC. Strive says its total holdings are worth $2.53 billion and carry an average cost between $90,400 and $90,700.
- Strategy bought less. Strategy extended its weekly buying streak to three but purchased 334 BTC, against Strive's 2,000 BTC.
What happened
Strive bought 2,000 BTC for $169 million, the company said on October 5, in a purchase announced by chief executive Matt Cole. The coins cost an average of $84,422 each, and the buying ran between September 28 and October 2. Strive paid with warrants and SATA shares.
The purchase lifts Strive's total holdings to 29,462 BTC, which the company values at $2.53 billion. Across all its buys, Strive says it paid an average of between $90,400 and $90,700 per coin. SATA supplied 61.5% of the capital, and warrants produced $56.7 million.
On-chain data places the deal as the third-largest purchase in Strive's history. The biggest was the merger with Semler Scientific, which involved 5,816-5,817 BTC worth $675 million. In late May and early June, the company's 2026 record, it bought 2,500 BTC for $185.2 million.
Why it matters
Strive is adding coins while the largest corporate holder slows down. Strategy extended its weekly buying streak to three, but its purchase was 334 BTC, worth $28.7 million, well below Strive's 2,000 BTC. Both firms buy weekly, yet the sizes now differ sharply. Strive's previous buy was 1,107 Bitcoin for $94.50 million.
Strive says its bitcoin holdings grew by over 290% so far this year, moving it closer to becoming the fourth-largest corporate bitcoin treasury. The company recently passed crypto exchange Bullish to rank fifth in the world.
ASST stock rose more than 2% to $30.61 in premarket trading on Monday, after gaining more than 139% during the third quarter.
What the data shows
Strive reported 18.5% BTC yield for the third quarter of 2026. In that quarter it acquired 8,137 Bitcoin at an average cost of $78,885 per coin.
The company holds $284.7 million in cash and cash equivalents, plus STRC stock worth $50.2 million. Its SATA preferred stock pays a daily dividend at an annualized rate of $13 per share, an effective yield of 13%.
Bitcoin traded around $86,000, with a 24-hour high of $86,948, and trading volume climbed 78% over 24 hours. Trading activity rose alongside the price.
Background
Strive is a corporate bitcoin treasury tied to Vivek Ramaswamy. Matt Cole said he would comfortably drive amplification to 70% with an 18-month reserve at current prices and conditions. Executives said the train is moving one direction and they keep adding more fuel.
Prediction market participants on Polymarket have grown more likely to expect Bitcoin at $100,000 by December.
Strategy's Michael Saylor and The Smarter Web Company chief executive Andrew Webley congratulated Cole on the accumulation.
Questions readers ask
How much bitcoin does Strive hold?
Strive says it holds 29,462 BTC after its latest purchase. The company values those coins at $2.53 billion.
What price did Strive pay for its latest bitcoin buy?
The company paid an average of $84,422 per coin for 2,000 BTC between September 28 and October 2. It spent $169 million on the purchase.
Is this Strive's largest bitcoin purchase?
No. On-chain data ranks it third, behind the 5,816-5,817 BTC involved in the Semler Scientific merger and a 2,500 BTC buy for $185.2 million.
How is Strive paying for its bitcoin?
The company said it used warrants and SATA shares. SATA provided 61.5% of the capital, and warrants generated $56.7 million.
