Strive’s $BTC shopping spree leaves the corporate treasury race down to a hair 🪙

Strive purchased 15,124 Bitcoin ($BTC) in October, raising its total holdings to 43,124 $BTC as of Oct. 30 and placing it fourth among publicly traded corporate Bitcoin holders, according to its third-quarter earnings report released Friday and BitcoinTreasuries.NET data. The company bought 35,497 $BTC during the first 10 months of 2026 and now trails third-place Twenty One Capital by 390 $BTC. Strive would need another 877 $BTC to pass second-place Metaplanet, which holds 44,000 $BTC, assuming neither company increases its holdings.

Strive CEO Matt Cole said in a September interview that the company could become the world’s second-largest publicly traded corporate Bitcoin holder by year-end, while acknowledging that the outcome was not his base-case scenario. The company also raised approximately $609 million in net proceeds through an October offering of its SATS perpetual preferred stock, which carries a 15% annual dividend rate, but has not specified how much of the proceeds it will allocate to Bitcoin purchases.

Strive reported $509 million in third-quarter net income, driven largely by $533.7 million in unrealized Bitcoin gains. The company is evaluating opportunities in banking, brokerage, decentralized finance, reinsurance and tokenization as part of a broader strategy to leverage its balance sheet, although it disclosed no specific plans or timelines and did not respond to Cointelegraph’s request for further details before publication.

Shares of Strive (ASST) fell 1.97% to $20.19 in early trading Friday, extending their decline over the past month to 32.15%, according to Yahoo Finance data at the time of writing.