Bitcoin (CRYPTO: $BTC) treasury firm Strive (NASDAQ: $ASST) added 6,182 Bitcoin between October 17 and October 23, bringing its total holdings to 43,000 BTC as it moves closer to becoming the second-largest publicly traded corporate holder of the cryptocurrency.
The company disclosed the purchases in a Form 8-K filing with the US Securities and Exchange Commission on Monday. Strive now ranks fourth among public companies holding Bitcoin, behind Strategy (NASDAQ: $MSTR), Metaplanet (TSE: $3350), and Twenty One Capital (NYSE: $XXI), according to BitcoinTreasuries data.
Strategy remains far ahead of its competitors with 848,517 BTC. Metaplanet holds 44,000 BTC, while Twenty One has 43,514 BTC. Strive has overtaken neither company yet, but the gap has narrowed considerably.
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CEO Matt Cole has previously said he wants Strive to finish 2026 as the second-largest public Bitcoin holder. To surpass Metaplanet's current holdings, Strive would need to buy roughly 105 BTC per week through the end of the year, based on current balances.
The company also reported a rise in its cash position. Strive ended October 23 with $504.4 million in cash and cash equivalents, up from $317.5 million a week earlier. Its outstanding Class A shares increased by about 3.3 million to 118.1 million during the same period.
In a separate SEC filing on Monday, Strive established an at-the-market offering program for up to $1 billion in SATS preferred stock. The proceeds could fund additional Bitcoin purchases, working capital, and other corporate investments.
Strive also closed an offering of 7 million SATS preferred shares on October 20, raising approximately $630 million before expenses.
Separately, Strive held 505,000 shares of Strategy's STRC (NASDAQ: $STRC) preferred stock, valued at $50.2 million as of October 23, compared with $49.3 million a week earlier.
