U.S.-based Bitcoin treasury company Strive purchased 15,124 Bitcoin (BTC) throughout October 2026. The acquisition was disclosed by management in its third-quarter financial report released on Friday, Nov. 6, 2026. The accumulation over October lifted Strive’s total purchases across the first ten months of 2026 to 35,497 BTC. The additions brought the company’s total Bitcoin treasury reserves to 43,124 BTC as of Oct. 30, 2026, moving Strive within striking distance of the global top three.
How Close Is Strive to the Top Three?
Data from BitcoinTreasuries.NET ranks Strive fourth among public companies globally in Bitcoin reserves with its 43,124 BTC stash. The company now sits just behind third-placed Twenty One Capital, with a gap of only 390 BTC separating the two entities.
The path to climb higher remains wide open. Strive needs just 877 more BTC to overtake Metaplanet, which holds second place with 44,000 BTC. With less than 900 coins separating it from the number two spot, the competition among global corporate Bitcoin holders has narrowed to a razor-thin margin.
$609M SATS Share Offering and Non-Crypto Expansion Plans
Strive’s capacity to expand its coin holdings was fueled by fresh capital raised in October 2026. The company netted approximately $609 million through an offering of SATS perpetual preferred stock bearing a 15% annual dividend. Management noted that part of the proceeds could be deployed toward further expanding its Bitcoin treasury reserves.
Beyond growing its digital asset holdings, the company has begun exploring other financial sectors. Strive Chief Risk Officer Jeff Walton stated that the firm is evaluating opportunities across traditional banking, brokerage, DeFi, reinsurance, and tokenization. Walton explained that these ventures aim to optimize the balance sheet and generate non-crypto yield.
$509M Profit Amid Stock Pullback
Strive’s third-quarter earnings report posted a net profit of $509 million. The vast majority of that income was driven by $533.7 million in unrealized gains on its Bitcoin holdings. The crypto portfolio served as the primary anchor for the company’s balance sheet during the period.
Despite generating hundreds of millions of dollars in profit and consistently increasing its coin holdings, Strive’s shares traded in the opposite direction. Trading under the ticker ASST, Strive’s stock slipped 1.97% to $20.19 in early trading on Friday. The daily decline widened the stock’s one-month drop to 32.15%.
For investors monitoring crypto treasury stocks, surging coin balances and strong third-quarter paper gains have not automatically cushioned share prices from market downturns.
Source: Cointelegraph.
Also read: What Is Bitcoin Halving?
Also read: American Bitcoin Posts $126M Profit - Mining Operations Lose $5.5M
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
