Strive hints at more Bitcoin purchases after accumulating over 15,000 BTC in October, as it eyes the second-largest corporate Bitcoin treasury position.

Table of contents
  • Strive CEO Matt Cole hints at further Bitcoin purchases
  • Strive holds 43,134 BTC and eyes the second-largest treasury position
  • The company reports $509 million in Q3 net income as BTC holdings grow

Strive is making a massive move to expand its Bitcoin treasury. After announcing its recent BTC purchase, the company has hinted at its sustained crypto accumulation strategy. If the treasury continues to buy more coins, Strive could soon become the second-largest public holder of Bitcoin, with Strategy remaining the largest holder.

Strive signals more Bitcoin purchases

Strive, the fourth-largest Bitcoin treasury company, is preparing for another round of BTC purchases. As revealed by the company's CEO, Matt Cole, Strive is planning to accumulate more coins, suggesting that the firm is not slowing down its Bitcoin strategy.

Notably, Cole shared an X post saying “The hurdle rate is orange.” This cryptic message resembles the short, indirect Bitcoin-related posts often shared by Strategy chairman Michael Saylor before making Bitcoin purchases. 

It is also important to note that Cole’s message comes following Strive’s recent release of its Q3 earnings. During the last quarter, the company bought about 8,136 BTC. In addition, the company also purchased about 15,124 BTC between October 1 and October 30.

Will Strive become the second-largest Bitcoin treasury company?

As of now, Strive is the fourth-largest public company holding BTC. It holds a total of 43,134 BTC. Following its recent purchase of more than 15,000 BTC, the company has already hinted at its next Bitcoin buy, indicating its sustained accumulation strategy.

If Strive continues to buy more coins, the company could possibly overpower other major Bitcoin holders like Metaplanet and Twenty One Capital, which are currently the second- and third-largest BTC treasury companies. While Metaplanet holds around 44,000 BTC, Twenty One Capital has about 43,514 BTC.

These figures are close to the current BTC holdings of Strive, which indicates that the company’s sustained Bitcoin accumulation strategy could help it overtake both companies and secure the second-largest spot among public Bitcoin treasury firms. However, it appears to be a hectic task for Strive to outperform Strategy to become the top BTC treasury firm.

Strive reports $509M profit as BTC holdings grow

In the latest report, Strive revealed $509 million in GAAP net income for Q3 2026. While the company bought more than 8,000 BTC during the quarter, it accumulated about 20,373 BTC in the first nine months of 2026. In October alone, it purchased more than 15,000 coins.

As of October 30, Strive held about $490.4 million in cash and $50.1 million in Strategy’s STRC preferred shares. The company also raised around $609 million via its SATS preferred share offering. 

Nynu V Jamal is a Crypto Journalist at CoinCodex with a background in English Literature and a strong interest in blockchain technology, cryptocurrencies, and digital finance. Holding a Master's degree in English Literature and having qualified for the UGC NET, she combines analytical research with clear, engaging writing to make complex crypto topics accessible to a broad audience. When she's not writing about crypto, she enjoys reading, singing, and exploring creative storytelling.