Strive Buys 3,311 Bitcoin for $280 Million, Its Biggest Purchase Since January
Strive disclosed in a Tuesday 8-K that it bought 3,311 BTC for $280 million between Oct. 5 and Oct. 9, bringing holdings to 32,773 BTC. Strategy bought 250 BTC in the week ending Oct. 11, down roughly 85% from 1,665 BTC on Sept. 21–27.
Strive (NASDAQ: ASST) purchased 3,311 Bitcoin (CRYPTO: BTC) for $280 million last week, its largest buy since January. Over the same period, Strategy’s (NASDAQ: MSTR) buying pace has fallen roughly 85%. In a Tuesday 8-K filing, Strive said it acquired 3,311 BTC from Oct. 5 through Oct.
9, bringing its holdings to 32,773 BTC at an average price near $84,500 per coin. 3 million warrants remaining set to expire that day. Cole added that SATA’s $100 minimum issuance price is now included in the company’s governing documents, formalizing a safeguard that had previously been policy. ” The purchase was Strive’s largest single-week Bitcoin addition since January, when it acquired roughly 5,048 BTC through its all-stock merger with Semler Scientific.
The company rankings by BTC holdings are: Strategy (NASDAQ: MSTR), 848,250; Metaplanet (OTC: MTPLF), 44,000; Twenty One Capital Inc (NASDAQ: XXI), 43,514; MARA (NASDAQ MARA held 35577 Bitcoin, while Strive (NASDAQ: ASST) held 32773, according to the latest available data. Cole has publicly stated his goal of ending 2026 as the world’s second-largest public Bitcoin holder. 5 million. ### Why Strategy’s buying has slowed sharply Strategy’s weekly purchases show a sharp slowdown: it bought 1665 BTC during Sept.
21-27, then 334 BTC the following week and 250 BTC in the week ended Oct. 11. That represents a roughly 85% decline across two consecutive drops. Strategy’s purchases and spending were Sept.
7 million. - Sept. 28-Oct. 7 million.
- Oct. 5 million. Two factors contributed to the slowdown. 7 million and $21 million in the following two weeks.
3 times Strategy’s Bitcoin spending over that period. As reported in September, Saylor has publicly described Strive and other Bitcoin treasury rivals as allies rather than competitors, arguing Rising Bitcoin prices and increasing investor confidence in the category benefit every company that holds the asset, not only the company making a purchase that week.