Strive bought 6,182 bitcoin between October 17 and October 23 at an all-in average price of about $82,732 per coin, according to an October 26 Form 8-K filing with the U.S. Securities and Exchange Commission. The acquisition lifted the company’s bitcoin balance to 43,000 BTC, from 36,818 BTC reported a week earlier.
The purchase cost approximately $511.4 million and was Strive’s largest bitcoin acquisition to date, according to BitcoinTreasuries.net, which tracks corporate treasury holdings. The scale of the transaction means the increase in Strive’s reported balance exactly matched the number of coins acquired during the seven-day buying period.
Strive disclosed the purchase as it expanded financing options around its bitcoin accumulation strategy. Its filing offers a snapshot of the company’s bitcoin, cash and preferred-stock positions on October 23, while separate reporting pointed to preferred-stock fundraising and an at-the-market programme established before the announcement.
Strive’s bitcoin purchase lifts holdings to 43,000 BTC
The 6,182-BTC transaction raised Strive’s holdings by nearly 17% from the 36,818 BTC it held on October 16. By October 23, the company reported 43,000 BTC. The SEC filing says the average purchase price was approximately $82,732 per bitcoin, inclusive of fees and expenses.
That all-in figure is important because it incorporates the costs attached to executing the purchases rather than presenting only a quoted bitcoin market price. The company disclosed the acquisition over a defined October 17–23 window, rather than identifying individual purchase dates or amounts within that period.
BitcoinTreasuries.net put the total consideration at roughly $511.4 million and described it as Strive’s largest bitcoin purchase so far. The tracker’s characterisation is a comparison with the company’s prior reported purchases; Strive’s SEC filing itself provides the coin count, dates and average all-in price.
The newly reported 43,000-BTC balance is the central change in the filing. It places the latest purchase alongside a rapidly enlarged treasury, though the disclosure does not break out how the company allocated funding across the individual bitcoin purchases.
Preferred-stock financing and the SATS programme
The acquisition followed an upsized preferred-stock offering, according to CoinDesk. The publication also reported that Strive had established a $1 billion at-the-market programme for its SATS preferred stock.
Those developments provide the relevant financing backdrop for a purchase of this size. An at-the-market programme allows an issuer to sell securities into the market over time; however, neither the CoinDesk report nor the cited filing establishes a precise dollar-for-dollar link between any particular financing source and the 6,182 BTC acquired during the October window.
The timing nevertheless shows that Strive was adding capital-market capacity as it increased its bitcoin holdings. The preferred-stock activity and the SATS programme were separate reported developments from the purchase disclosure, not a confirmed use-of-proceeds schedule for the transaction.
Cash balance rises alongside bitcoin buying
Strive’s cash and cash equivalents rose by $186.9 million over the same reporting interval, reaching $504.4 million on October 23 from October 16, according to the SEC filing. The increase came alongside the roughly $511.4 million bitcoin acquisition reported by BitcoinTreasuries.net.
The filing also recorded a change in the value of Strive’s holdings of Strategy’s STRC preferred stock. Their fair value increased by $828,000 to $50.177 million during the October 16–23 period.
Together, the figures show a balance-sheet snapshot in which Strive increased both its bitcoin position and its reported cash balance over one week. They do not, on their own, show the sequence of cash inflows and outflows or attribute the rise in cash to a single transaction.
For now, the clearest disclosed milestone is the treasury total: 43,000 BTC as of October 23, following the company’s 6,182-BTC purchase at an average all-in price of approximately $82,732.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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