Key Notes
- Strive bought 3,311 Bitcoin for about $280 million during the latest reporting week, lifting its treasury to 32,773 BTC.
- Cash reserves increased to more than $310 million as the company retained its existing position in Strategy’s STRC preferred stock.
- Bitcoin per effective common share rose by about 1.7%, a CoinScreamer calculation, as the share count expanded alongside the treasury.
Strive, the Nasdaq-listed company co-founded by Vivek Ramaswamy, bought 3,311 Bitcoin for approximately $280 million, increasing its treasury to 32,773 BTC. The purchases took place from October 5 through October 9, according to a filing published on October 13.
The company’s SEC filing puts the average purchase price at approximately $84,500 per Bitcoin, including fees and expenses. Its official treasury dashboard lists a total cost of $279.75 million for the acquisitions.
The addition increased Strive’s Bitcoin holdings by about 11.2% in a week. Cash reserves rose as well, although a growing common-share count means the increase in Bitcoin represented by each share was substantially smaller than the rise in the overall treasury.
A Larger Bitcoin Position and More Cash
Strive held 29,462 BTC on October 2, before the latest buying period. The new total of 32,773 BTC is a balance-sheet snapshot as of October 9, rather than a claim that all of the coins were acquired on the announcement date.
The company’s treasury dashboard shows an overall average acquisition cost of $89,439 per Bitcoin. The latest purchases were below that cumulative average, which reflects the company’s acquisition history rather than the market price at publication.
Alongside the Bitcoin increase, cash and cash equivalents climbed by $25.6 million to $310.3 million. Strive also continued to hold 505,000 shares of Strategy’s variable-rate STRC preferred stock, with a reported fair value of approximately $50.3 million.
| Metric | October 2 | October 9 |
|---|---|---|
| Bitcoin holdings | 29,462 BTC | 32,773 BTC |
| Cash and cash equivalents | $284.7 million | $310.3 million |
| STRC shares held | 505,000 | 505,000 |
| Effective common shares outstanding | 100,938,986 | 110,387,204 |
These categories serve different roles. Bitcoin supplies the company’s core digital-asset exposure, cash provides dollar liquidity, and STRC is a security issued by another company. The preferred shares should not be counted as additional Bitcoin held directly by Strive.
The Share Count Changes the Accumulation Picture
Strive’s effective common shares outstanding rose by roughly 9.4% over the same week. The company defines that measure as the sum of its Class A and Class B common shares; the filing shows 101.2 million Class A shares and 9.2 million Class B shares at the end of the period.
Dividing Bitcoin holdings by those effective common-share counts indicates an increase of approximately 1.7% in BTC per share, a CoinScreamer calculation. That compares with the 11.2% expansion in the total Bitcoin balance, illustrating why the two measures are not interchangeable.
The calculation uses only the stated effective common-share denominator. It does not include all potentially dilutive securities, measure a shareholder’s investment return or establish a change in the stock’s market price.
The filing separately reports 113.1 million assumed fully diluted shares, up from 103.7 million. That measure includes options and unvested stock awards but excludes traditional warrants. Shares underlying those warrants fell to about 15.3 million from 23.2 million during the reporting period.
SATA preferred shares outstanding also increased, rising by 532,094 to approximately 14 million. The update provides the changes in securities outstanding but does not assign a precise share of the Bitcoin purchase cost to each financing source.
A Treasury Strategy With Two Classes of Investors
Strive describes its objective as increasing Bitcoin per share over time, using Bitcoin as the benchmark for capital allocation. Its company materials identify Matt Cole as chairman and chief executive, while tracing the business’s founding in 2022 to Ramaswamy and Anson Frericks.
Its Nasdaq-listed ASST common stock and SATA preferred stock offer different claims on the business. SATA is variable-rate perpetual preferred equity, with cash dividends subject to declaration by the board. Strive’s disclosures say the security is not collateralized by its Bitcoin holdings.
The financing structure connects Strive to a wider corporate treasury market. CoinScreamer’s latest Strategy update covered that company’s purchase of 250 BTC alongside $192.4 million in STRC repurchases. Strive’s own STRC share count was unchanged in the latest filing, even as the position’s fair value increased slightly.
Other treasury companies are also emphasizing access to cash and financing. Our coverage of Metaplanet’s liquidity exercise examined its sale of 10,000 BTC followed by purchases of 11,000 BTC, undertaken to demonstrate its ability to monetize holdings for potential creditors.
For Strive, the confirmed development is a larger Bitcoin reserve accompanied by more cash and additional shares outstanding. Subsequent disclosures will show whether continued accumulation grows the Bitcoin position faster than the capital base used to finance it.
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