Strive inches closer to becoming second-largest public bitcoin holder after latest $10 million buy

Mon, 02 Nov 2026 · news_corporations · Sentiment: bullish

Source 1 (bitcoinmagazine.com): Strategy (MSTR) Adds 811 Bitcoin, Strive (ASST) Follows Suit With 124 as Both Keep Stacking — Bitcoin Magazine

Strategy (MSTR) Adds 811 Bitcoin, Strive (ASST) Follows Suit With 124 as Both Keep Stacking
Strategy bought 811 bitcoin for $65.5 million and Strive added 124 BTC last week, with the two firms together adding 935 coins and Strategy now holding 849,327 BTC.
This post Strategy (MSTR)
Source 2 (theblock.co): Strive inches closer to becoming second-largest public bitcoin holder after latest $10 million buy — Strive bought another 124 BTC, bringing it closer to becoming the second-largest public company holder of bitcoin after Strategy.
Source 3 (beincrypto.com): MicroStrategy and Strive Buy More Bitcoin, but Shareholders Could Feel the Pain — Strategy buys 811 Bitcoin with new MSTR stock, cutting Bitcoin per share, while Strive's per-share holdings rise.
The post MicroStrategy and Strive Buy More Bitcoin, but Shareholders Could Feel the Pain appeared first on BeInCrypto.
Source 4 (crypto.news): Strategy, Strive buy 935 Bitcoin worth $75.5M as BTC trades below $80K — Strategy purchases 811 BTC for $65.5 million as Strive adds 124 BTC for $10 million, taking their combined Bitcoin acquisitions to 935 BTC.

Research

Corporate Bitcoin Accumulation Accelerates: Strive and Strategy Lead the Charge

Background and Context

Public companies continue to embrace Bitcoin as a treasury asset, with Strategy (MSTR) and Strive (ASST) emerging as prominent accumulators. This trend reflects broader institutional interest in Bitcoin as a hedge against inflation and a store of value. Strategy has long pursued an aggressive acquisition strategy, while Strive's recent moves position it as a fast-rising contender among public Bitcoin holders.

Key Details of the Latest Purchases

According to multiple reports, Strategy acquired 811 Bitcoin for $65.5 million, bringing its total holdings to 849,327 BTC. Strive followed with a purchase of 124 BTC, reportedly valued at around $10 million. Together, the two firms added 935 BTC in a single week, worth approximately $75.5 million at prevailing prices below $80,000 per BTC.

Strategy's scale: Continues to dominate with massive weekly buys funded partly through equity issuance.
Strive's momentum: The latest acquisition inches the firm closer to second-largest public holder status after Strategy.
Combined impact: Highlights coordinated corporate stacking amid Bitcoin trading below $80K.

Implications for Bitcoin and the Crypto Market

These purchases underscore sustained demand from corporations even during price consolidation. Strategy's approach of issuing new MSTR stock to fund buys has drawn scrutiny, as it may dilute Bitcoin per share for existing shareholders. In contrast, Strive's per-share Bitcoin holdings appear to be rising with its acquisitions. Such activity can bolster market sentiment by signaling long-term conviction, potentially attracting further institutional inflows.

Historical Context

Corporate Bitcoin adoption gained traction in 2020 when Strategy first announced its treasury strategy. Since then, dozens of public companies have followed, though Strategy remains the largest by far. Strive's entry and rapid accumulation echo this playbook but at a smaller scale, demonstrating how smaller firms can still influence perceptions of Bitcoin as a corporate asset.

Forward-Looking Implications

Continued buying by these entities could pressure Bitcoin supply dynamics if sustained, especially if prices remain range-bound. Investors should monitor dilution effects at Strategy and Strive's path toward climbing the holder rankings. Overall, this activity reinforces Bitcoin's role in corporate balance sheets amid evolving macroeconomic conditions.

Sources referenced: Bitcoin Magazine, The Block, BeInCrypto, crypto.news