{
  "id": 18546487,
  "title": "Strive buys 15,124 Bitcoin in October, closes in on top treasury holders",
  "url": "https://urgent.news/2026/11/06/strive-buys-15-124-bitcoin-in-october-closes-in-on-top-treasury",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-06T18:22:42.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/news/strive-buys-bitcoin-october-top-btc-corporate-holders"
  },
  "original_language": "en",
  "account": "Bitcoin treasury firm Strive announced a $509 million net profit for the third quarter and added 15,124 BTC to its holdings in October, according to its earnings report. This brings the company's total purchases in the first ten months of 2026 to 35,497 BTC. Strive now holds 43,124 BTC, positioning it as the fourth-largest corporate Bitcoin treasury, just 390 BTC behind Twenty One Capital. To surpass Metaplanet, which holds 44,000 BTC, Strive would need to acquire an additional 877 BTC. CEO Matt Cole had previously indicated the possibility of Strive becoming the second-largest publicly traded corporate Bitcoin holder by year-end, though he noted this was not his primary expectation. In addition to the Bitcoin purchases, Strive raised around $609 million through an October offering of SATS perpetual preferred stock, offering a 15% annual dividend. The company has not disclosed how much of these funds it intends to use for Bitcoin acquisitions. Strive's earnings were primarily fueled by $533.7 million in unrealized Bitcoin gains, and the firm is exploring various opportunities, including banking, brokerage, decentralized finance, reinsurance, and tokenization, as part of its strategy to maximize its financial position. However, the company did not provide specifics or timelines for these potential ventures. Following the earnings report, Strive shares (ASST) experienced a 1.97% drop, closing at $20.19, marking a 32.15% decline over the past month.",
  "summary": "Bitcoin treasury company Strive reported $509 million in third-quarter net income and purchased 15,124 BTC in October, bringing its total holdings to 43,124 BTC.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}