Strive, Inc. bought 2,822 bitcoin for roughly $235 million, according to a report by CoinMarketCap. The purchase, made over two days, adds to the company’s growing bitcoin treasury and was confirmed in a regulatory filing with the U.S. Securities and Exchange Commission.
Strive’s Reported 2,822 Bitcoin Purchase
Strive disclosed the acquisition in a Form 8-K filed on October 14, 2026 with the SEC. A Form 8-K is a current report that public companies must file whenever a major event happens, like a large purchase or a change in leadership. For related coverage, see Can Bitcoin Hit $100K and Ethereum $4K by Year-End?.
The filing says Strive bought the bitcoin between October 12 and October 13, 2026, at an average price of approximately $83,266 per bitcoin, inclusive of fees and expenses. For related coverage, see Bitcoin Rose 84.2% as 10-Year Treasury Yields Climbed.
That average cost puts the total value of the purchase at about $235 million, as reported by CoinMarketCap. This is the equivalent of buying a large office building or a mid-size company, all in bitcoin.
Strive’s live treasury data shows it now holds approximately 35,594 bitcoin in total. That makes Strive one of the larger corporate bitcoin holders publicly known. For context, Strive and Strategy have both been active buyers as bitcoin traded above $80,000.
Where the Money Came From: Warrant Exercises
The same Form 8-K explains how Strive funded the purchase. The company reported expected gross proceeds of $369.2 million after holders exercised 273.5 million traditional warrants for 13.7 million Class A shares.
A warrant is a right that lets investors buy shares at a set price. When enough investors exercise their warrants at once, the company receives a large cash injection, which Strive then used to buy bitcoin. This is a common playbook for companies building bitcoin treasuries.
Strive trades on Nasdaq under the ticker ASST. REX and Tuttle recently launched a 2x leveraged ETF tied to ASST shares, which means some investors can now get amplified exposure to Strive’s bitcoin strategy through a traditional brokerage account.
What the CoinMarketCap Report Establishes
CoinMarketCap’s coverage of the acquisition is where the headline figure of $235 million originates. The dollar total is derived from the disclosed bitcoin amount and average purchase price in the SEC filing; CoinMarketCap reported the rounded figure.
The exact purchase mechanics, such as which exchanges were used or how orders were spread across the two-day window, are not detailed in the available sources. The Form 8-K confirms the quantity, average price, and dates, but does not break down individual trades.
Bitcoin was trading at $81,576 at the time of writing, down about 2.1% over the prior 24 hours. That means Strive’s average purchase price of $83,266 is slightly above the current spot price. The Fear & Greed Index stood at 62, a reading classified as “Greed,” suggesting broad market sentiment remained positive despite the short-term price dip.
Strive’s purchase follows a broader trend of companies accumulating bitcoin directly on their balance sheets. Strategy recently bought 1,666 bitcoin, bringing its holdings past 847,000 BTC. Both companies treat bitcoin as a primary treasury reserve asset rather than a speculative side bet.
For someone holding bitcoin or considering their first purchase, this kind of corporate buying signals continued institutional demand. It does not guarantee price increases, but it does mean large, well-funded companies are buying at prices near current levels, which some investors view as a form of market validation.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
