Strive bought 4,045 bitcoin between 12 and 16 October at an average of about $82,803 per coin, lifting its holdings to 36,818 bitcoin, according to an 8-K filed with the Securities and Exchange Commission on Monday. The total includes the 2,822 coins the company disclosed on 14 October plus a further 1,223 bought from 14 through 16 October at about $81,734 each, fees included. Holdings stood at 32,773 bitcoin a week earlier, so the stack grew by more than 12% in five trading days, much of it bought into the same weakness that pushed the price toward $80,000. Cash and cash equivalents ticked up to $317.5 million. The filing, available on SEC EDGAR, also confirms that the remaining warrants from the Asset Entities merger are gone after $369.2 million of exercises.
The SATS money arrives today
The buying ran ahead of the cash from Strive's preferred sale. The seven million SATS shares priced at $90 last week, raising about $630 million gross with a 15% coupon on a $100 stated amount, were still unsettled as of the filing dates, with the close scheduled for today, 20 October. That sequence matters for how the next purchase disclosures read: the coins bought last week were funded before the preferred money landed, so the $630 million, minus fees, is still largely undeployed on the balance sheet alongside the $317.5 million of cash. At current prices near $81,400, the full 36,818-coin stack is worth close to $3.0 billion.
A selective treasury market
Strive's pace runs against the wider trend. Public-company bitcoin additions fell about 94% in the third quarter, and analysts told Cointelegraph that investors now price treasury companies on funding costs, balance-sheet discipline and bitcoin per share rather than raw accumulation. Strategy, the largest holder, added a net 1,666 coins in the quarter, down from 83,901 in the second, a slowdown we tracked in this month's treasury coverage. A 15% coupon is an expensive way to buy bitcoin, and it only works for shareholders if the coins appreciate faster than the dividend bill grows. With the preferred now settled and the warrant overhang cleared, Strive's next 8-K will show whether the deployment continues at the same speed into a market where ETF buyers returned on Monday but options traders are still paying for protection.