Strive, the Dallas-based Bitcoin treasury company co-founded by Vivek Ramaswamy, bought 124 BTC for roughly $10 million between Oct. 24 and Oct. 30, paying an average of $80,526 per coin including fees. The purchase lifted its total holdings to 43,124 Bitcoin—a stash now worth about $3.3 billion, or roughly 0.2% of the 21 million coins that will ever exist.

According to Bitcoin Treasuries data, the buy keeps Strive in fourth place among publicly traded companies: 390 coins behind Twenty One Capital, which holds 43,514 BTC, and 876 BTC behind Metaplanet, which holds 44,000 BTC. At Bitcoin's price of about $77,000, those gaps are worth roughly $30 million and $67 million, respectively.

Strive is what is known as a Bitcoin treasury company—a publicly listed firm that keeps Bitcoin on its balance sheet, so anyone with a brokerage account can get exposure to the asset simply by buying its stock. Michael Saylor's Strategy popularized the playbook back in 2020, and a wave of other companies have since followed suit, including Strive.

Strive's coins cost an average of $87,785 each, or $3.8 billion in total, against a market value of $3.5 billion on Oct. 23, per its prospectus. Bitcoin has slipped since then, so the pile is now worth slightly less than Strive paid for it.

The latest purchase covers Oct. 24 through Oct. 30 and was disclosed in an SEC filing on Nov. 2—the report US-listed companies must submit when something material happens. CEO Matt Cole, who announced the figures on X, said Strive paid about $10 million in total, an average of $80,526 per Bitcoin including fees.

Strive acquired 124 $BTC for $10M at an average cost of $80,526 per bitcoin, bringing total holdings to ₿43,124.

• Existing cash funded most purchases
• SATS ATM used for first time, representing 100% of weekly ATM proceeds
• Amplification Ratio: 62.7%

$ASST $SATA $SATS pic.twitter.com/rFrS6y4AVc

— Matt Cole (@ColeMacro) November 2, 2026

Most of the money came from existing cash, which fell from $504.4 million to $490.4 million over the week. Strive also raised money for the first time by selling shares of a new security called SATS on the open market, Cole said, and those sales represented all of the week's fundraising. The company still holds 505,000 shares of Strategy's preferred stock, known as STRC, worth about $50 million.

SATS is a preferred stock—a type of share that pays a fixed dividend before common shareholders receive anything. Strive sold 7 million of the shares at $90 each in an October offering that raised about $630 million, and they carry a 15% annual dividend on a $100 stated value, paid every business day beginning Nov. 9—putting the first payouts on the calendar just a week after the filing that disclosed this buying.

On Oct. 26, Strive opened an at-the-market (ATM) program—a mechanism for selling new shares in small batches at the going market price—for up to $1 billion of additional SATS. Those first-time SATS sales came through this newly opened program, putting it to use within days of its launch. Per the prospectus, Strive expects to pay the dividends mainly by raising more capital, including the sale of additional shares. The company has set aside 18 months' worth of dividends in a reserve and reported no debt as of Oct. 23.

Strive's amplification ratio—the preferred stock and debt it carries measured against the value of its Bitcoin—stood at 62.7%, or about $62.70 of obligations for every $100 of Bitcoin.

The company's CEO has said ending 2026 as the second-largest public Bitcoin holder is possible. “I wouldn't say that's my base case,” Cole said on the One Chair podcast in September, “but I would say it's in the possible set of cards.”

Will Strategy hold over 1M BTC before 2027?

Saylor's Strategy remains far out in front with 849,327 Bitcoin—nearly 20 times the size of Strive's pile.

Twenty One Capital still holds the same 43,514 Bitcoin it had when co-founder Jack Mallers stepped down as CEO in July. His exit came as a plan by Tether to merge three Bitcoin businesses collapsed. The stock had fallen more than 80% from its highs, and his successor, Raphael Zagury, has said Twenty One should be judged on cash flow and capital discipline.

Metaplanet, a Tokyo-listed company that pivoted from hotels to Bitcoin in 2024, holds 44,000 Bitcoin after overtaking mining firm MARA in April. It has a stated goal of 100,000 BTC by the end of 2026.

At last week's pace of 124 Bitcoin per week, Strive would pass Twenty One Capital in four weeks and Metaplanet in eight, assuming neither company buys more in the meantime.