Strive Eyes Second-Biggest Bitcoin Holder Spot by Year-End After $10M Buy

Strive Inc. (NASDAQ:ASST) purchased another 124 Bitcoin (CRYPTO: BTC) for almosr $10 million, bringing its total holdings to 43,124 BTC.

CEO Matt Cole has set a year-end target of making Strive the second-largest corporate Bitcoin holder, trailing only Strategy.

Strive acquired 124 BTC between Oct. 24 and Oct. 30, following $1.25 billion in Bitcoin purchases during October, as per the latest SEC filing,

The company now ranks fourth among publicly traded Bitcoin holders, behind Strategy Inc. (NASDAQ:MSTR) with 849,327 BTC, Metaplanet with 44,000 BTC and Twenty One with 43,514 BTC.

Strive needs just 391 additional BTC to surpass Twenty One and 877 BTC to overtake Metaplanet, assuming neither company increases its holdings.

The company’s holdings have surged more than fivefold from 7,500 BTC at the end of 2025.

How Is Strive Funding Its BTC Buying Spree?

Strive ended October with $490.4 million in cash, down $14 million week-over-week.

CEO Matt Cole said purchases were funded primarily through cash and the company’s new $1 billion SATS preferred stock offering.

Strive also holds $50.1 million in Strategy’s STRC preferred stock.

The company recently made a record $511 million Bitcoin purchase, relying heavily on perpetual preferred stock rather than debt to fund acquisitions, avoiding refinancing risks but incurring dividend obligations.

Can Strive Overtake Metaplanet Before Year-End?

Strive could become the second-largest public Bitcoin holder before year-end, with fewer than 1,000 BTC separating it from Metaplanet.

While Metaplanet focuses on share buybacks and debt reduction, Strive continues accumulating Bitcoin.

However, sustaining purchases depends on favorable preferred stock financing without putting excessive pressure on its capital structure.

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