Strive's Bitcoin treasury has grown to 35,595 BTC after the company purchased an additional 2,822 Bitcoin for $235 million through Tuesday, CEO Matt Cole announced in a post on X. The purchase works out to an average of roughly $83,300 per Bitcoin.

With Bitcoin trading near $82,000 at the time of writing, Strive's holdings are valued at approximately $2.9 billion. The latest purchase also pushed the company past MARA Holdings — whose treasury declined to 35,577 BTC following a recent sale — making Strive the fourth-largest corporate holder of Bitcoin, by a margin of just 18 BTC. The swap of positions is a reminder that corporate treasury rankings are fluid: they move with every disclosed purchase or sale, and a single transaction can reorder the table.

MARA Holdings is a publicly traded Bitcoin mining company, while Strive is an asset management firm that has adopted a Bitcoin treasury strategy under Cole's leadership. The close gap between the two underscores how companies from very different corners of the market have built Bitcoin holdings of comparable size.

The acquisition follows Strive's Oct. 13 announcement that it purchased 3,311 BTC at an average price of about $84,500 per coin between Oct. 5 and Oct. 9. Across the two recent disclosures, the company has added more than 6,100 BTC, with updates delivered through SEC filings and posts from its chief executive.

Strive also disclosed that 13.7 million of its 15.3 million remaining warrants had been exercised, generating $369 million in gross proceeds and leaving roughly 1.6 million unexercised. In total, 94% of the company's traditional warrants have now been exercised, while its amplification ratio stands at 47%.

Based on reporting by CryptoBriefing.