Strive, a Nasdaq-listed company that holds Bitcoin (BTC) as a treasury asset, said on the 9th that it acquired an additional 29 BTC for $2.2 million during the period from October 31 to November 6. The average purchase price per BTC, including fees and other costs, was about $75,721.
With this latest purchase, the company's Bitcoin holdings rose from 43,124 BTC as of October 30 to 43,153 BTC as of November 6. According to data from Bitcoin Treasuries, which tracks the holdings of listed companies pursuing cryptocurrency treasury strategies, this scale ranks fourth among listed companies.
Meanwhile, the pace of accumulation has slowed dramatically. In the week ended October 23, Strive acquired 6,182 BTC; the latest purchase amounts to roughly 0.5% of that. During that week, the company raised funds through a new preferred stock issuance. The latest $2.2 million purchase is also small compared with the scale of recent fundraising.
Note: Comparison of listed-company holdings based on Bitcoin Treasuries data.
Strategy leads with 850,364 BTC, followed by second-place Metaplanet at 44,000 BTC and third-place U.S.-based Twenty One Capital at 43,514 BTC. Strive trails third place by 361 BTC and second place by 847 BTC. Fifth-place MARA Holdings holds 35,577 BTC, with Strive ahead by 7,576 BTC.
In addition to Bitcoin, Strive holds $487.6 million in cash. It also holds 505,000 shares of STRC, a preferred stock issued by Strategy, worth approximately $50.4 million.
Strategy (MSTR), which likewise holds Bitcoin as a treasury asset, acquired 1,036 BTC in the past week at an average of $79,012 per BTC — its largest purchase since September. The company's holdings total 850,364 BTC, with a total acquisition cost of $64.16 billion. With Bitcoin trading around $75,200, its unrealized loss is estimated at about $277 million.
Strategy funded the latest purchase by selling common stock. The sale totaled $283.8 million, of which $188.3 million was used to repurchase its STRC preferred stock. That means roughly two-thirds of the common-stock sale proceeds went toward retiring preferred shares rather than buying Bitcoin. The company has set aside $4.77 billion in cash reserves to cover preferred dividends and debt interest payments, and last week allocated $21.1 million to preferred dividend payments.
Bitcoin's market environment is shaping corporate treasury strategies. Bitcoin dipped below $74,000 in recent trading before recovering to around $75,200, though it remains down more than 1% over 24 hours. For companies unable to keep prices above their acquisition cost, slowing the pace of accumulation is an easy rationale.
Strive's shares rose nearly 4% in morning trading on the 9th. Some market participants viewed the continued, albeit small, purchases as a sign of financial discipline, while others saw the sharp slowdown as a reflection of changing fundraising conditions. The holdings gap with rivals Metaplanet and Twenty One Capital remains just a few hundred BTC, leaving room for rankings to shift depending on the pace of future purchases.
