Strive Buys $280 Million in Bitcoin, Adds 3,311 BTC

Preferred-stock strategy supports push toward second-largest public-company Bitcoin holder

TL;DR

• Strive bought 3,311 BTC for roughly $280 million between Oct. 5 and Oct. 9.
• The purchase lifted its Bitcoin treasury to 32,773 BTC and was its largest increase since January.
• Strive is using preferred stock and other capital-market tools as it targets the second-largest public-company Bitcoin position.

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Strive bought 3,311 BTC for roughly $280 million between Oct. 5 and Oct. 9, paying an average of about $84,500 per Bitcoin including fees and expenses. The purchase lifted the Vivek Ramaswamy-founded company's treasury to 32,773 BTC as of Oct. 9, making it Strive's largest increase in Bitcoin holdings since January.

The Nasdaq-listed asset manager, which trades under the ticker ASST, previously held 29,462 BTC. Its enlarged position was worth roughly $2.73 billion at prices cited by Decrypt. The latest acquisition followed a $169 million Bitcoin purchase earlier this month and a $94.5 million purchase in late September. Decrypt said Strive's latest average purchase level was below Bitcoin's recent highs near $87,000.

January's larger increase came through Strive's all-stock merger with Semler Scientific, which added approximately 5,048 BTC. Strive had previously gone public in September 2025 through its merger with Asset Entities. Since becoming public, it has accumulated Bitcoin through several channels, including 5,886 BTC from initial PIPE proceeds and exchange activity, alongside at-the-market programs and follow-on offerings.