Bitcoin Firm Strive Climbs Up the Treasury Ranks With Another Big Buy

In brief

• Strive bought 124 BTC for about $10 million between Oct. 24 and Oct. 30 at an average of $80,526 each, bringing its total to 43,124 BTC.
• The purchase leaves Strive fourth among public companies, 390 BTC behind Twenty One Capital and 876 BTC behind Metaplanet, per Bitcoin Treasuries.
• Most of the buy came from existing cash, and Strive tapped its new SATS preferred stock program for the first time.

Strive, the Dallas-based company co-founded by Vivek Ramaswamy, now holds 43,124 Bitcoin after buying 124 BTC more last week. That stash is now worth roughly $3.3 billion, and good for about 0.2% of the 21 million coins that will ever exist.

That leaves it fourth among publicly traded companies, 390 coins behind Twenty One Capital (which holds 43,514 BTC) and 876 BTC behind Metaplanet (which holds 44,000 BTC), according to Bitcoin Treasuries data.

At Bitcoin’s price of about $77,000, those gaps are worth roughly $30 million and $67 million, respectively.

Strive is a Bitcoin treasury company—a publicly listed firm that keeps Bitcoin on its balance sheet, so anyone with a brokerage account can get exposure by buying its stock. Michael Saylor’s Strategy popularized the playbook back in 2020, and several other companies followed suit, including Strive.