# Strive Raises Bitcoin Holdings to 36,818 BTC After Latest Purchase

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/34882
Published: 2026-10-19T16:17:14.000Z
Updated: 2026-10-19T16:17:14.000Z
Section: Business

> The company bought 1,223 BTC from Oct. 14 to Oct. 16. Its $630 million SATS preferred stock offering is scheduled to settle Oct. 20.

Strive increased its Bitcoin (BTC) holdings to 36,818 coins after buying 1,223 BTC, expanding its corporate treasury ahead of a scheduled $630 million preferred stock settlement.

The company bought the bitcoin from Oct. 14 to Oct. 16 at an average price of about $81,734 per coin, including fees and expenses. That puts the purchase at approximately $100 million. Strive had previously disclosed buying 2,822 BTC on Oct. 12 and Oct. 13.

Together, those purchases added 4,045 BTC over five days at an average price of about $82,803 per coin. Strive held 32,773 BTC on Oct. 9, before the latest purchases. Its cash and cash equivalents stood at $317.5 million as of Oct. 16.

Strive has priced an offering of 7 million shares of its 15% Series A Perpetual SATS Preferred Stock at $90 per share. It expects about $630 million in gross proceeds before underwriting fees and expenses. The proceeds are intended for general corporate purposes, which may include bitcoin purchases, working capital, other assets and share buybacks.

The SATS offering is scheduled to settle Oct. 20, subject to customary closing conditions.