Strive Adds 1,223 Bitcoin (BTC) to Lift Holdings Past $3 Billion

Strive's Stack Passes 36,800 BTC

Strive's corporate Bitcoin (BTC) treasury stood near 29,500 coins at the start of October, and the holding company has not slowed its buying since. On Monday, October 19, CEO Matt Cole announced on X that the firm had purchased 1,223 Bitcoin (BTC) at an average price of $81,734 per coin, a deal worth roughly $100 million in total. The coins were accumulated between Wednesday, October 14 and Friday, October 16, and the purchase lifts Strive's holdings to 36,818 BTC, a stack worth just over $3 billion with the Bitcoin price at $81,968. Three large acquisitions in eight days have made the company one of the fastest accumulators among public treasuries this quarter, even though it still carries a fraction of what the sector's largest corporate owners hold. Cole has framed the program as a Strategic Bitcoin Reserve built directly onto the balance sheet, and the cadence of the buys reflects a simple mandate: accumulate and HODL. Where older treasury names move in weekly drips, Strive has chosen large block purchases funded in advance, and it has said nothing to suggest the pace will ease before year end.

Three Deals in Eight Days

Three disclosures make up the run. Strive opened the sequence with 3,311 Bitcoin (BTC), the second-largest single purchase in the company's history, then followed a day later with 2,822 BTC bought for $235 million. The 1,223 BTC confirmed on Monday brings the three announcements to a combined 7,356 BTC added in eight days. The pace contrasts sharply with Strategy, the Michael Saylor-led firm that remains the largest corporate holder with more than 23 times Strive's stash: its recent disclosures show only 517 BTC added across two modest purchases over the past two weeks. Strive has also laid out the funding behind the accumulation. Cole said proceeds from the SATS preferred stock offering, priced at $630 million on October 15, are due to settle on Tuesday, October 20, and the company plans to keep an 18-month reserve on hand to cover preferred dividends. Its older traditional warrants have expired, which leaves the new preferred issuance as the live capital-raising channel while the buying continues. Corporate Bitcoin treasuries have rarely moved this quickly outside the sector's biggest names.

Price Holds Between $81,453 and $82,589

The market has taken the string of corporate buys in stride. The price stood at $81,968 in Monday afternoon trading, down 0.7% since Cole's post but still 1.0% higher over the past 24 hours. Our composite support and resistance scoring puts the nearest support at $81,453, a level scored 94 out of 100, with resistance at $82,589 scored 63/100, and spot trades between the two bands. Positioning reads calm as well: the funding rate sits at 0.0045% on perpetuals and open interest near $15.9 billion, levels that do not point to leverage chasing the corporate bids. A fuller read of Bitcoin support and resistance levels leaves the same impression, and demand from listed buyers has so far been partly offset by last week's ETF outflows.

Strategy's Week and a $3 Billion Buyback

Strategy's own update covers a bigger balance sheet and a slower week. The Form 8-K filed Monday states the company bought 267 Bitcoin (BTC) between October 12 and October 18 for about $22.1 million, an average of $82,900 per coin, funded largely by roughly $22 million of MSTR share sales on Nasdaq. That takes the reserve to 848,517 BTC, about 4.04% of the asset's 21 million supply cap and the largest holding among public companies. The financing mechanics drew more capital than the coin purchase itself: Strategy spent $193.1 million repurchasing about 1.94 million STRC preferred shares, roughly nine times its Bitcoin outlay that week, and raised the buyback authorization for its digital credit securities from $2 billion to $3 billion, with $1.16 billion still unused. The firm's five-week buying streak is intact, and the pattern across the two buyers is now clear. Strive is scaling new preferred issuance to fund block purchases at a cheaper average cost, while Strategy trims parts of its own obligation stack and lets the 848,517 BTC reserve sit still.