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Strive’s Bitcoin purchases totaled 15,124 BTC in October 2026, bringing its holdings within reach of higher corporate treasury rankings. Its third-quarter earnings report, released on November 6, 2026, put total holdings at 43,124 BTC as of October 30 and reported $509 million in quarterly net income, driven largely by unrealized Bitcoin gains.

Summary

Key takeaways

  • Strive ranked fourth among publicly traded corporate Bitcoin holders.
  • Unrealized Bitcoin gains contributed $533.7 million to quarterly earnings.
  • An October preferred stock offering generated approximately $609 million in net proceeds.
  • Strive is exploring banking, brokerage, DeFi, reinsurance and tokenization.

Strive’s Bitcoin purchases narrow the gap to rivals

Strive bought 35,497 BTC during the first 10 months of 2026, according to its earnings report. Its October accumulation brought total corporate Bitcoin holdings to 43,124 BTC as of October 30, 2026.

BitcoinTreasuries.NET data placed Strive fourth among publicly traded corporate holders, behind third-place Twenty One Capital by 390 BTC. Strive would need another 877 BTC to overtake second-place Metaplanet, which held 44,000 BTC, assuming neither rival added to its holdings.

Bitcoin gains drive earnings as preferred stock raises cash

Strive reported $509 million in net income for the third quarter of 2026, with $533.7 million in unrealized Bitcoin gains contributing to that result.

Separately, its October offering of SATS perpetual preferred stock raised approximately $609 million in net proceeds. The stock carries a 15% annual dividend rate.

Banking and DeFi among expansion areas

Strive is evaluating opportunities in banking, brokerage, decentralized finance, reinsurance and tokenization, its earnings report shows. According to the company, those areas fall under a wider plan to make use of its balance sheet.

The potential expansion sits alongside Strive’s Bitcoin purchases, which totaled 15,124 BTC in October.

Shares fall in early trading

Strive shares, trading under ASST, fell 1.97% to $20.19 in early trading on November 6, 2026. Market data showed the decline over the preceding month had reached 32.15%.

In a September 2026 interview, CEO Matt Cole said Strive had the potential to rank second worldwide among publicly traded corporate Bitcoin holders by year-end. He also acknowledged that this was not his base-case scenario.

Article produced with the assistance of artificial intelligence and reviewed by the editorial team.

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