Quick answer: In its latest bitcoin purchase, Strive bought 6,182 BTC for about $511.4 million between Oct. 17 and Oct. 23, 2026, at an average of $82,732 per coin, lifting its holdings to 43,000 BTC, per an SEC filing published Oct. 26. It also opened a program to sell up to $1 billion of its 15% SATS preferred stock.
The latest Strive bitcoin purchase is one of the biggest corporate buys of October 2026. Specifically, Strive, Inc. (Nasdaq: ASST) bought 6,182 BTC for about $511.4 million between Oct. 17 and Oct. 23, according to an SEC Form 8-K published on Monday, Oct. 26. That lifts its treasury to 43,000 BTC.
Then, on the same morning, Strive announced a plan to sell up to $1 billion more of its 15% SATS preferred stock. In short, the buying is set to continue, and investors are paying for it through a high dividend.
How much bitcoin did Strive buy?
The filing gives these numbers for the week ending Oct. 23, 2026:
- 6,182 BTC bought at an average of $82,732 per coin, fees included.
- 43,000 BTC held on Oct. 23, up from 36,818 BTC on Oct. 16.
- $504.4 million in cash and cash equivalents, up from $317.5 million.
Moreover, this follows a 4,045 BTC buy from Oct. 12 to Oct. 16, Bitcoin Magazine reported. So Strive added 10,227 BTC in two weeks. In December 2025 it held about 7,525 BTC, so its stack has grown more than five-fold in 10 months.
What is 43,000 BTC worth today?
Bitcoin traded near $80,284 at 12:55 UTC on Oct. 26, down 0.1% in 24 hours, per CoinGecko. At that price, Strive’s 43,000 BTC is worth about $3.45 billion. However, the new 6,182 BTC batch is about 3% below its purchase price, a paper loss of roughly $15 million. Follow the live price on our Bitcoin price page.
Where did Strive get the money?
Notably, the cash came from preferred stock, not debt. One week earlier, Strive closed the upsized IPO of SATS, its 15% perpetual Series A preferred stock. It sold 7 million shares at $90 each for $630 million in gross proceeds, per Bitcoin Magazine. In addition, Strive says it has no bonds, credit lines or leveraged positions.
SATS pays 15% a year on a $100 stated amount, which is a 16.67% yield at the $90 issue price. Dividends, if the board declares them, are paid every business day from Nov. 9, 2026. According to The Crypto Times, the first payment is $0.8710 per share, followed by $0.0658 per share for each business day from Nov. 10 to Nov. 30. Strive has also set aside a $157.5 million reserve to cover 18 months of payments.
What is the $1 billion SATS ATM program?
An at-the-market (ATM) program lets a company sell new shares bit by bit at market prices. Under the sales agreement dated Oct. 26, seven banks, including Cantor Fitzgerald and Barclays, can sell SATS for Strive. In return, they earn up to 2% of gross proceeds. Strive says the money may buy bitcoin, fund dividends, repay debt or buy back shares. However, it has no duty to sell any.
What does the Strive bitcoin purchase mean for the market?
First, it is real spot demand. The 6,182 BTC is nearly 14 days of new supply from miners, who create roughly 450 BTC a day. As a result, buyers like Strive help absorb selling while bitcoin holds near $80,000.
Second, the model has a cost. The 7 million SATS shares already carry about $105 million a year in dividends. If Strive sold the full $1 billion near SATS’s last price of $94.88 on Oct. 23, it would add about 10.5 million shares and roughly $158 million a year more, by our estimate. Therefore, that only works if bitcoin rises over time or Strive can keep selling new stock. We looked at this risk in our bitcoin preferred stock analysis.
Third, Strive is still far behind the leader. Strategy holds 848,517 BTC, per Bitcoin Magazine. Still, Strive is now among the larger public holders, as we covered in our look at crypto treasury companies. For the macro picture this week, see our Fed decision week preview.
Strive Bitcoin Purchase FAQ
How much bitcoin does Strive own now?
Strive held 43,000 BTC as of Oct. 23, 2026, after buying 6,182 BTC from Oct. 17 to Oct. 23, according to its SEC filing published Oct. 26.
How much did Strive pay per bitcoin?
Strive paid about $511.4 million in total, or an average of $82,732 per bitcoin including fees and expenses, per its Form 8-K.
What is Strive’s SATS preferred stock?
SATS is Strive’s 15% perpetual Series A preferred stock. It pays 15% a year on a $100 stated amount, in daily dividends starting Nov. 9, 2026, if the board declares them.
Will Strive buy more bitcoin?
Likely. On Oct. 26, 2026, Strive set up a program to sell up to $1 billion of SATS, and it says the proceeds may be used to buy bitcoin.
Not financial advice. Crypto is volatile; always do your own research (DYOR).
Sources
- Strive Form 8-K filings via Stock Titan
- Strive SATS sales agreement 8-K via Stock Titan
- GlobeNewswire: Strive announces $1.0 billion SATS ATM program
- Bitcoin Magazine: Strive buys 6,182 bitcoin for $511 million
- The Crypto Times: Strive hits 43,000 BTC and opens $1B SATS sale
- Matt Cole on X: purchase announcement
- CoinGecko: Bitcoin price
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