Strive purchased 15,124 Bitcoin in October 2026, lifting its purchases for the first 10 months of the year to 35,497 BTC, according to its third-quarter earnings report released Friday, Nov. 6.
The company held 43,124 BTC as of Oct. 30, making it the fourth-largest publicly traded corporate Bitcoin holder, according to BitcoinTreasuries.NET data cited by Cointelegraph.
A narrow gap, but a conditional ranking outlook
Strive trailed third-place Twenty One Capital by 390 BTC. It would need another 877 BTC to surpass second-place Metaplanet’s holdings of 44,000 BTC, assuming neither rival added to its holdings.
In a September interview, CEO Matt Cole said Strive could become the world’s second-largest publicly traded corporate Bitcoin holder by year-end. He explicitly acknowledged that this was not his base-case scenario. The ranking therefore remained a possibility dependent on both Strive’s purchases and its competitors’ activity—not a confirmed outcome.
Preferred-stock funding and unrealized gains
Strive raised approximately $609 million in net proceeds through an October offering of its SATS perpetual preferred stock, which carries a 15% annual dividend rate. The company had not specified how much of that funding it would allocate to Bitcoin purchases.
For the third quarter, Strive reported $509 million in net income, driven largely by $533.7 million in unrealized Bitcoin gains.
Looking beyond Bitcoin accumulation
The earnings report said Strive was evaluating opportunities in banking, brokerage, decentralized finance, reinsurance and tokenization as part of a broader strategy to leverage its balance sheet.
Chief risk officer Jeff Walton told Cointelegraph that the company was looking beyond cryptocurrency markets for ways to put its Bitcoin holdings to work.
“We believe that some of the bigger opportunities are crossing the aisle into traditional finance, operating as a structured finance company, and finding yield and distribution that is not correlated to Bitcoin or crypto,” Walton said.
Despite the accumulation, Strive shares, trading under the ticker ASST, fell 1.97% to $20.19 in early trading Friday. That extended their decline over the preceding month to 32.15%, according to Yahoo Finance data cited at the time of the original report.
Original source: Cointelegraph, published Nov. 7, 2026, at 02:22:42 UTC+8. Holdings, rankings and market prices above reflect the historical reporting context.
