Strive’s Bitcoin Buying Slows With Latest $2.2 Million Purchase

Strive added another 29 bitcoin to its corporate treasury for approximately $2.2 million, CEO Matt Cole announced Monday, Nov. 9, 2026. The acquisition lifts the company’s holdings to 43,153 BTC as corporate bitcoin accumulation continues despite weaker cryptocurrency prices.

Strive’s Bitcoin Treasury Expands as Preferred Stock Fuels Acquisitions

Strive CEO Matt Cole disclosed the purchase on X, referencing the company’s latest regulatory filing and its three publicly traded securities, ASST, SATA, and SATS.

“Strive acquired 29 BTC for $2.2M at an average cost of $75,721 per bitcoin, bringing total holdings to ₿43,153,” Cole wrote.

The latest purchase represents a considerably smaller acquisition than those executed during October, when Strive accelerated its bitcoin accumulation through preferred-equity financing. Nevertheless, the transaction illustrates the company’s continued commitment to expanding its digital asset reserves.

On Nov. 2, Cole announced a 124 BTC acquisition valued at approximately $10 million, bringing holdings to 43,124 BTC. That purchase was primarily financed with existing cash, alongside proceeds from Strive’s SATS at-the-market offering program.

Strive’s accumulation accelerated considerably in October following an upsized preferred-stock offering. The company sold 7 million SATS shares at $90 apiece, generating approximately $630 million in gross proceeds and $609 million after expenses.

Strive’s SATS preferred stock.

SATS carries a 15% fixed dividend calculated against its $100 stated amount, translating into an effective annual yield of approximately 16.7% at the offering price.

The company’s older SATA preferred shares feature variable-rate dividends, recently near 13%. Both securities provide financing alternatives to conventional borrowing, although their dividend obligations introduce continuing costs.

Strive’s third-quarter financial results, released Nov. 6, reported $509 million in GAAP net income, largely reflecting bitcoin valuation gains. The company also recorded a 63.2% year-to-date bitcoin yield through September, a metric measuring changes in bitcoin holdings relative to its adjusted share count.

Strategy Adds 1,036 BTC as Corporate Accumulation Continues

Strive’s announcement coincided with another acquisition by Strategy, the largest publicly traded corporate bitcoin holder. Michael Saylor’s company purchased 1,036 BTC for approximately $82 million, lifting its holdings to 850,364 BTC.

The contrast is substantial. Strategy’s latest purchase was nearly 36 times larger than Strive’s, although both companies continue pursuing bitcoin accumulation through increasingly sophisticated capital-raising structures.

Meanwhile, Strive’s common shares have retreated from their October highs, closing near $21.45 on Nov. 6. The pullback raises questions about financing costs, shareholder dilution and the market’s willingness to reward further treasury expansion.

For Strive, the central challenge is no longer simply accumulating bitcoin. It is demonstrating that preferred-stock financing can deliver sustainable growth in bitcoin exposure per common share without allowing dividend obligations and dilution to erode shareholder value.