⏱ 2 min read
The Dallas firm added about $10 million in BTC and tapped its SATS preferred-stock ATM for the first time.
Strive Bitcoin treasury added 124 BTC between Oct. 24 and Oct. 30, paying about $10 million at an average of $80,526 per coin, according to the report. The Dallas-based firm co-founded by Vivek Ramaswamy now holds 43,124 BTC. Bitcoin Treasuries data cited in the report places Strive fourth among public companies by holdings.
Ranking gap narrows with $10m buy
Strive sits 390 BTC behind Twenty One Capital, which the report lists at 43,514 BTC, and 876 BTC behind Metaplanet at 44,000 BTC. Using a Bitcoin price of about $77,000, the report values those gaps at roughly $30 million and $67 million. Set against that context, a roughly $10 million add-on is about one-third of the nearer dollar gap to Twenty One Capital. The week’s purchases were disclosed in an SEC filing, the report says.
▼ 1.34%
Prices as of 2026-11-03 01:02 UTC. Source: CoinGecko.
Preferred stock funding lifts obligations
Most of the week’s buying was funded with existing cash, which the report says declined from $504.4 million to $490.4 million. CEO Matt Cole said on X that Strive also used proceeds from its new SATS preferred stock at-the-market program for the first time, and that those proceeds accounted for all of the week’s fundraising. The firm also still holds 505,000 shares of Strategy’s preferred stock, described in the report as STRC and worth about $50 million.
The report says Strive sold 7 million SATS at $90 each in October to raise about $630 million. SATS carries a 15% annual dividend on a $100 stated value, paid every business day starting Nov. 9. On Oct. 26, Strive opened an at-the-market program to sell up to $1 billion more SATS. The prospectus cited in the report says the company expects to fund dividends mainly by raising new capital, including additional share sales. It has set aside 18 months of dividends in a reserve and reported no debt as of Oct. 23. The report puts Strive’s amplification ratio at 62.7%, or about $62.70 of preferred stock and debt-like obligations per $100 of Bitcoin value.
On the existing 7 million SATS, 15% on a $100 stated value implies about $105 million in annual dividends. That fixed payout sits alongside Strive’s accumulation strategy and is consistent with the 62.7% amplification ratio the report cites. Daily dividend payments begin on Nov. 9.
Source: Decrypt.
This article was written with AI assistance and reviewed by an editor.
This content is for informational purposes only and does not constitute financial advice.
🧠 HafidWatch Take
Without a recalculated blended cost per coin, it’s harder to assess how recent purchases affect Strive’s overall portfolio performance or risk exposure. The $7,259 gap below the prior average suggests some cost improvement, but uncertainties remain about how this impacts future valuation benchmarks and dividend sustainability, especially given the significant fixed obligations tied to preferred shares. Understanding the updated cost basis could clarify how resilient Strive’s strategy is amid market fluctuations and capital demands.
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