Dallas‑based Strive Inc. disclosed a significant Bitcoin purchase this week, adding 3,311 coins between October 5 and October 9 at an average price of roughly $84,500 per coin, fees included. The acquisition lifts the company’s total Bitcoin holdings to 32,773 coins.
Financial impact of the purchase
Multiplying the disclosed volume by the average price puts the transaction at about $279.8 million. In the same filing, Strive reported that cash and cash equivalents rose from $284.7 million on October 2 to $310.3 million on October 9, a $25.6 million increase.
Recent buying activity
Strive’s latest purchase follows a prior acquisition disclosed on October 5, in which the firm bought 2,000 Bitcoin between September 28 and October 2 at an average price of $84,422 per coin. Combined, the two filings show Strive added 5,311 Bitcoin over a two‑week period.
Company structure and other holdings
Strive describes itself as a structured‑finance company that uses Bitcoin as a hurdle rate for capital deployment. Its wholly‑owned subsidiary, Strive Asset Management, manages almost $3 billion across exchange‑traded funds and a direct‑indexing platform, according to the company’s investor‑relations site.
The filing also notes that Strive holds 505,000 shares of Strategy Inc.’s STRC preferred stock, valued at approximately $50.3 million.
Share metrics
During the reporting week, Strive’s Bitcoin holdings rose about 11.2 percent. Effective common shares outstanding increased roughly 9.4 percent, with Class A shares rising by 9,461,103 to a total of 101,169,907. Effective common shares, which combine Class A and Class B, grew by 9,448,218 to 110,387,204.
Shares underlying traditional warrants fell by 7,993,806 to 15,255,900. The filing clarifies that exercising those warrants requires payment to Strive, though it does not specify how much of the recent Bitcoin purchase, if any, was funded by warrant exercises.
Risks and recent performance
The filing lists dilution from additional Class A common stock or SATA preferred stock as a risk that could affect future results. Strive’s August second‑quarter results illustrate how Bitcoin volatility can impact its financial statements: the company posted a $257.6 million GAAP net loss for the quarter, with $234 million of that loss attributable to fair‑value declines in its Bitcoin and STRC holdings.
Leadership perspective
CEO Matthew Cole has previously emphasized Bitcoin’s central role at Strive. In a June 2025 interview with the Dallas Express, Cole said, “I have not heard one single better system than Bitcoin… For people that haven’t used it, I would say, ‘actually do the work.’ Read the white paper, actually use Bitcoin, try it out, understand the properties of Bitcoin.”
Strive’s aggressive Bitcoin accumulation underscores the firm’s belief that the digital asset can serve as a reliable benchmark for capital allocation, even as market volatility presents accounting challenges.
Original reporting: The Dallas Express — read the source article.
