Strive Buys 3,311 Bitcoin for $280M, Lifting Holdings to 32,773 BTC
Author: Crypffalo Research · 05:54 14/10/2026
Strive bought 3,311 BTC between Oct 5 and Oct 9 at an average of $84,500, bringing its holdings to 32,773 BTC, more than 13 times Strategy's latest weekly buy.
Strive, the Nasdaq-listed asset manager trading as ASST, bought 3,311 bitcoin between Oct 5 and Oct 9 for roughly $280 million. The average price was about $84,500 per coin, including fees.
The company disclosed the purchase in an SEC filing on Tuesday, Oct 13. Strive now holds 32,773 BTC, a jump of about 11.2% in a single week.
Key takeaways
- Purchase: 3,311 BTC for about $279.8 million at an average of $84,500.
- Holdings: 32,773 BTC, the fifth-largest stash among public companies per bitcointreasuries.net.
- Comparison: more than 13 times the 250 BTC Strategy added in its latest weekly filing.
- Funding backdrop: investors exercised about $208 million in warrants during the period.
- Price check: BTC trades near $83,300, below the cost basis of this tranche.
What Strive bought and when
The buys landed between Oct 5 and Oct 9, a week when oil prices and U.S.-Iran tensions weighed on risk assets. Bitcoin slipped below $84,000 and then $83,000 during that stretch.
Decrypt described it as Strive's largest purchase in months. Even after the buying, the company's cash and equivalents rose from $284.7 million on Oct 2 to $310.3 million on Oct 9.
Warrant deadline and how Strive raises capital
The purchase coincided with the expiry of Strive's traditional warrants at 5 p.m. ET on Oct 13. CEO Matt Cole said about $208 million in warrants had been exercised, with roughly 15.3 million underlying shares still outstanding ahead of the deadline.
According to TokenPost, the filing does not say warrant proceeds directly funded the bitcoin buys. Still, Strive's common share count rose 9.4% while its bitcoin reserves grew 11.2%, so bitcoin per share increased.
Other details from the filing and market data:
- Strive set a binding $100 minimum issuance price for its SATA preferred shares, limiting sales below par.
- ASST shares were roughly flat near $27.52, while SATA traded at $99.40.
- Michael Saylor said Strive is turning demand for its equity and "digital credit" into demand for bitcoin, mirroring Strategy's MSTR and STRC model.
What it means for crypto markets
Around $280 million is a notable sum for a treasury company, but it is small next to daily bitcoin ETF flows. Bitcoin and Ether ETFs have seen close to $1 billion in net outflows so far in October, so corporate buying alone is unlikely to flip the trend.
- Bull case: treasury firms keep buying dips, adding support in the $82,000–$84,000 zone and offsetting part of the ETF outflows.
- Risk case: the $84,500 cost basis sits above the market price; a deeper drop could pressure treasury stocks and shrink their ability to raise fresh capital.
It is also worth noting that Strategy, with 848,250 BTC, bought only 250 BTC last week while spending more on preferred share buybacks. Corporate demand now looks more spread out rather than reliant on one name.
What to watch next
- Strive's final warrant exercise tally after the Oct 13 deadline and its next weekly purchase update.
- U.S. CPI data scheduled for Oct 14, which could shift expectations for the Fed's next move.
- Bitcoin ETF flows over the coming sessions and Strategy's weekly filing.
- Track the economic calendar and real-time liquidations.
Frequently Asked Questions
How much bitcoin does Strive hold?
After the Oct 5–9 purchases, Strive holds 32,773 BTC. That ranks fifth among public companies, according to bitcointreasuries.net.
What price did Strive pay for bitcoin?
The average was about $84,500 per BTC, including fees. That is above bitcoin's price of roughly $83,300 on Oct 13.
Will Strive's purchase push bitcoin higher right away?
Not necessarily, since $280 million is small relative to ETF flows and daily trading volume. It signals corporate demand more than a short-term price catalyst.
*This content is for information only and is not financial advice.*
Tags: Bitcoin, Strive, Corporate Treasury, Institutions
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