Strive, a bitcoin treasury company listed on Nasdaq, said it acquired 15,124 bitcoin between October 1 and October 30, 2026. That lifted its reported holdings to 43,124 bitcoin as of October 30.
The same November 6 filing package reported GAAP net income of $509.0 million for the third quarter ended September 30, 2026. Almost all of that profit came from a $533.7 million unrealized gain on digital assets, not from operating revenue.
Bitcoin was trading near $75,858 on Sunday, November 8, according to CoinGecko data retrieved at 20:47 Asia/Jerusalem. At that price, the October 30 holding would be worth about $3.27 billion, an illustrative mark rather than a figure Strive published this weekend.
The filings show a public treasury buyer still adding coins after a softer market stretch.
How Many Bitcoin Did Strive Buy in October?
Strive’s November 6 earnings release is the source for the 15,124-bitcoin October total. Weekly Form 8-K updates fill in most of the path.
Holdings rose from 29,462 bitcoin on October 2 to 32,773 on October 9, 36,818 on October 16, 43,000 on October 23, and 43,124 on October 30, according to the company’s November 2 Form 8-K and earlier weekly reports.
Four reported purchase windows account for 13,662 of those 15,124 bitcoin:
- October 5-9: 3,311 bitcoin at about $84,500, including fees and expenses.
- October 12-16: 4,045 bitcoin at about $82,803.
- October 17-23: 6,182 bitcoin at about $82,732.
- October 24-30: 124 bitcoin at about $80,526.
The remaining 1,462 bitcoin sit before the October 5 window. Pairing October’s 15,124 acquired coins with the 43,124 coins held on October 30 implies a starting October balance of 28,000 bitcoin. In the first nine months of 2026, Strive said it acquired 20,373 bitcoin, including 8,136 bitcoin in the third quarter.
The Third-Quarter Profit Came Mostly From Bitcoin’s Fair Value
Strive marked digital assets at $2.34 billion on September 30, 2026, up from $668.5 million on December 31, 2025. Because it reports those holdings at fair value, a rising Bitcoin price flows straight into earnings.
Operating revenue was only $2.7 million, against $38.7 million in operating expenses. The unrealized digital-asset gain produced $509.0 million of net income, or $5.24 a diluted share. After $34.2 million in preferred dividends, net income attributable to common stockholders was $474.8 million.
The nine-month picture is less glossy. Strive reported a GAAP net loss of $14.5 million and a net loss attributable to common stockholders of $88.4 million after preferred dividends. Unrealized gains on digital assets over those nine months were only $9.9 million.
Chairman and CEO Matthew Cole said, “Strive has continued to successfully execute on its treasury management strategy, delivering a strong bitcoin yield year to date in 2026, which I believe is the primary driver of our common equity’s outperformance relative to Bitcoin so far this year.” The same release says Bitcoin Yield is not yield in the traditional sense and should not be read as a return on investment.
How Strive Paid for the Latest Coins
On October 20, Strive completed a registered offering of 7 million shares of its 15.00% Series A Perpetual SATS preferred stock. Net proceeds were about $609.0 million after underwriting discounts and commissions.
The deal had been priced on October 15 at $90.00 a share. Cash then jumped from $317.5 million on October 16 to $504.4 million on October 23, the same week Strive bought 6,182 bitcoin.
From October 12 through 13, traditional warrants were exercised for 13,674,703 Class A shares, raising about $369.2 million in gross proceeds. Remaining warrants expired unexercised on October 13.
As of October 30, Strive reported $490.4 million in cash and cash equivalents. It also held 505,000 shares of Strategy Inc. STRC preferred stock, valued at $50.1 million. That is separate from the Strategy bitcoin treasury purchases we covered recently.
Cole added, “With the recent issuance of SATS, we believe Strive has never been in a better position to generate long-term returns in excess of Bitcoin for our common equity shareholders.” That is management’s view, not a result the 8-Ks prove.
What the Filings Show Against Today’s Bitcoin Price
Every weekly average Strive reported in October sits above Sunday’s $75,858 spot price. The October 5-9 lot was bought near $84,500, about 11 percent above the later print. Even the final-week lot of 124 bitcoin at about $80,526 is still above the current market.
That does not make the strategy a mistake. A bitcoin treasury company is built to hold through marked-to-market swings, and Strive’s third-quarter results show how quickly those marks can move the other way. After buying thousands of coins a week through October 23, Strive added only 124 bitcoin from October 24 through 30. The filings do not explain that pause.
Why This Bitcoin Treasury Company Still Matters for Bitcoin
Corporate treasuries are not the whole Bitcoin market, especially after a week of heavy redemptions from U.S. spot bitcoin funds. We covered that stretch in our Bitcoin price outlook after $1.28 billion left the funds.
What Strive adds is a different kind of bid. The firm accumulated coins through October while raising preferred capital and reporting a large paper profit on coins it already held. That is constructive for Bitcoin’s ownership base, even when the latest lots sit below their purchase averages.
We believe investors should keep the limits in view. Preferred dividends, fair-value swings, and small operating revenue mean earnings will remain noisy. None of the filings guarantees future purchases or future returns.
Still, 15,124 newly acquired bitcoin and a 43,124-coin treasury are concrete figures, not slogans. If Strive keeps converting raised capital into Bitcoin the way it did for most of October, the coming weeks will show whether this bitcoin treasury company remains a steady buyer after the price reset.
Disclaimer: The market is risky, and investment needs to be cautious. This article does not constitute investment advice. Users should consider whether any opinions, views, or conclusions in this article are in line with their specific circumstances. Investment based on this is at their own risk.