Strive Buys 6,182 Bitcoin (BTC) in Largest-Ever $511.4 Million Purchase

Strive's Largest Single Purchase

Matt Cole, chief executive of Nasdaq-listed Bitcoin (BTC) treasury company Strive, disclosed on X on Monday that the firm bought 6,182 BTC last week at an average of $82,732 per coin, spending $511.4 million. The post fixes both the entry price and the resulting total: Strive now holds 43,000 BTC, and the tranche stands as the largest single purchase in the company's history, one that outweighs the roughly 5,048 BTC its acquisition of Semler Scientific brought in. The tranche alone moves the count from 36,818 coins to 43,000 and is larger than each of the three purchases Strive made earlier in October: 3,311 BTC at an average of $84,500, 2,822 BTC on October 12 and 13 for $235 million, and 1,223 BTC between October 14 and 16 for about $100 million. The $82,732 average also sits below the $84,500 paid for the first of those tranches, which lowers the blended cost of the month's buying. Strive adopted its reserve strategy in 2025 and has scaled it through successive raises in the Bitcoin accumulation race among listed treasuries, holding a strategic bitcoin reserve built without borrowing. With the Bitcoin (BTC) price near $79,700 at the time of writing, after the market broke below $80,000 over the weekend, the 43,000-coin position is worth just under $3.5 billion; last week, while the price stood higher, the same stack exceeded $3 billion. Cole's disclosure also covers the balance sheet behind the buying: cash and marketable securities rose by $187.7 million to $554.6 million, and the company created a $1 billion at-the-market issuance program for its SATS preferred shares, which it plans to use, alongside its existing SATA and SATS dividend-paying instruments, to fund further purchases without taking on debt.

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Overtaking MARA on $630 Million of New Capital

Monday's number also completes a month that reshaped the leaderboard of publicly listed corporate holders. The October 12 and 13 tranche of 2,822 Bitcoin (BTC) lifted the total to 35,595, eighteen coins above the 35,577 BTC that miner MARA Holdings reported, and the 1,223 BTC added by October 16 took the count to 36,818. With this week's purchase, Strive sits fourth among listed companies, behind Strategy, Metaplanet and Twenty One Capital. Cole, who co-founded Strive with Vivek Ramaswamy, has said the goal is to become the second-largest listed corporate bitcoin holder by the end of 2026, a target that still requires several thousand more coins. The buying power comes from securities issuance rather than debt. Warrant exercises on October 12 and 13 are expected to generate about $369 million through roughly 13.7 million new Class A shares, and the A-series perpetual preferred stock, which trades under the ticker SATS, was priced and upsized to about $630 million in expected proceeds. SATS carries a 15% fixed annual dividend on a $100 par value; at the $90 initial issue price, the effective annual yield exceeds 16% if dividends are paid as scheduled. Strive has avoided the convertible debt that other treasuries rely on, which keeps the balance sheet debt-free but dilutes existing ASST shareholders and creates a continuing dividend obligation. The accumulation places the firm among the largest corporate crypto whales, and it contrasts with Strategy, which paused its weekly purchase to fund a $204.9 million STRC buyback.

The pace of the plan now runs against a market sitting below the buyer's newest entries. Spot traded at $79,727 at 14:03 UTC, flat since the disclosure and down 0.8% over 24 hours, which leaves Strive's $82,732 average roughly 3.8% above the live price. Our support and resistance scoring puts the nearest floor at $79,453, scored 89 out of 100, and the first ceiling at $81,205, scored 88 out of 100, where the 20-day and 50-day moving averages converge. Perpetual funding sits at 0.0065% and open interest at $15.9 billion, a positioning mix that has accompanied a sideways trend. Citi, which trimmed its 12-month Bitcoin target to $82,000, is watching the same ceiling zone. For a buyer intending to HODL through drawdowns, the discount to its own entry price is the operative risk. The record is a single channel: the chief executive's post fixes what was bought, not when the next tranche lands.