Strive Adds 2,000 Bitcoin (BTC) in $169M Week, Holdings Reach 29,462

Strive Adds 2,000 BTC in One Week

Bitcoin (BTC) treasury company Strive bought 2,000 BTC for roughly $169 million between Sept. 28 and Oct. 2, lifting its disclosed holdings to 29,462 coins, according to an 8-K filing lodged with the SEC on Monday. The purchase averaged $84,422 per coin including fees, and the buying window opened with Strive at 27,462 BTC. CEO Matt Cole confirmed the buy in an X post the same day the filing appeared. The pace dwarfs Strategy's latest round: the sector's largest holder added just 334 BTC for $28.7 million between Oct. 1 and Oct. 4, though its hoard of 848,000 BTC still runs about 29 times Strive's size. At the Oct. 2 close, the filing valued Strive's stack near $2.49 billion. Earlier in September the company added 1,375 BTC to reach 24,531, so its balance has swollen by roughly 5,000 coins in under a month, a buildout it frames as a strategic Bitcoin reserve. Strive now sits fifth among publicly listed Bitcoin treasury holders on bitcointreasuries.net, with its position up more than 290% this year. The Bitcoin (BTC) price trades at $85,228 at the time of writing, down 0.1% over 24 hours, keeping the stack worth about $2.5 billion at current levels.

SATA Preferred Stock Carries the Funding

61.5% of the capital raised during the week came from SATA, Strive's floating-rate Series A perpetual preferred, with warrant exercises contributing another $56.7 million. Cole detailed the split in his post announcing the purchase. The filing shows SATA shares outstanding climbed from about 12.19 million on Sept. 25 to roughly 13.5 million by Oct. 2, while the company issued about 3.29 million common shares over the same stretch. SATA pays a $13 annualized dividend per share on a daily schedule and traded above its $100 par value in Monday premarket, an effective yield near 13%. The balance sheet also lists about $285 million in cash plus 505,000 shares of Strategy's STRC preferred worth roughly $50.2 million. An earlier tranche saw the company buy 1,107 Bitcoin (BTC) for $94.5 million. Cole told investors that at current prices and terms the company can lift its amplification ratio to 70% while maintaining an 18-month reserve. ASST, the common stock, rose more than 2% to $30.61 in premarket trading on Monday, closing out a quarter in which it gained more than 139%.

@ColeMacro · X post

Post announcing the purchase.

View on X

Q3 Cost Basis Still Underwater

The quarter's ledger shows both speed and cost. Strive bought 8,137 BTC in Q3 at an average of $78,885, adding coins through the autumn pullback, and posted a quarterly BTC Yield of 18.5%, its self-defined gauge of bitcoin growth per diluted share. That gauge read 27,801 satoshis per share at quarter-end, with a trailing 12-month yield of 99.4%, though the filing flags it as a non-GAAP figure, not a profit measure. The blended cost basis is the sticking point: the 28,000 Bitcoin (BTC) held at Sept. 30 carried an average cost of $90,170, against a quarter-end BTC price of $83,577, implying an unrealized loss of about $185 million, roughly 7.3% of the position. Strive is running the buy-and-HODL script that built Strategy into the market's largest whale, and management targets an amplification ratio above 60% from the current 55.3%; Cole has called a run at second place among public holders by year-end possible, though not his base case. The path is not one-way: Metaplanet recently sold 10,000 BTC and bought back 11,000 to prove the coins liquid, while Morgan Stanley's Bitcoin ETF nears $1 billion in holdings with 10,519 BTC.

COINOTAG Composite Puts $87,345 in Play

COINOTAG's proprietary 42-indicator composite S/R scoring engine rates the $87,344.76 resistance at 90/100, driven by the confluence of the Swing High, R1 and Donchian Upper, while support at $83,979.22 scores 84/100 from Fibo 0.114, S2 and the Swing Low; both print as STRONG in our support and resistance levels table. Spot trades at $85,228 with RSI at 61.98, the trend still an uptrend despite a bearish MACD signal. Derivatives positioning is benign: funding sits at 0.0023%, open interest at $16.36 billion and the long/short account ratio at 1.14, with the Fear & Greed Index reading 70, in Greed. A daily close above $87,345 opens the moderate $88,983 shelf; losing $83,979 would invalidate the bullish setup and expose $81,122. Even after the week's buy, Strive's 29,462 BTC amount to roughly one-29th of Strategy's 848,000-coin hoard.