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Strive discloses 3,311 BTC buy for $280M in 8-K, taking treasury to 32,773 BTC

Strive's October 13 8-K reports buying 3,311 BTC between Oct 5-9 at ~$84,500 average, lifting holdings to 32,773 BTC. SATA preferred stock continues as the funding vehicle.

by 4 min read
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Vivek Ramaswamy-founded Strive, Inc. disclosed in an 8-K filed with the SEC on Tuesday, October 13, that it bought 3,311 BTC for about $280 million between October 5 and October 9. The purchases bring the company's bitcoin treasury to 32,773 BTC as of October 9. The buy — Strive's largest since January — is reported by The Block and recorded on EDGAR under Strive's CIK 1920406 (filing 0001628280-26-065595).

The 8-K numbers

  • Bought: 3,311 BTC between October 5 and October 9, 2026
  • Average price: ~$84,500 per bitcoin, inclusive of fees and expenses, per the filing
  • Spent: ~$280 million
  • New holdings: 32,773 BTC as of October 9
  • Cash and equivalents: $310.3 million, up from $284.7 million the prior week

CEO Matt Cole has publicly set the goal of ending 2026 as the second-largest public bitcoin holder, behind only Strategy. The new 8-K leaves Strive about 11,227 BTC behind Metaplanet — roughly $937.5 million at the filing's reference price — a gap that would need ~990 BTC per week on average to close, assuming Metaplanet does not accumulate further.

How Strive funds its stack

Strive does not fund its purchases with convertible-bond or straight-debt issuance. Per the filing and prior disclosures, its mix is:

  • Variable Rate Series A Perpetual Preferred Stock (SATA), paying a 13% annualized dividend accruing daily. This is the vehicle Strive is scaling as its primary funding instrument, explicitly modeled on Strategy's STRC preferred.
  • Residual PIPE proceeds from Strive's 2026 business combination.
  • Two at-the-market (ATM) programs that sell common stock into trading days.
  • Follow-on equity offerings when conditions allow.

Strive also owns 505,000 shares of Strategy's STRC preferred stock, a cross-holding that pairs with its own SATA structure.

The practical consequence for anyone analysing Strive's balance sheet: the funding cost is a dividend-service obligation on a perpetual preferred, not a maturity cliff. The SATA burden grows with issuance, not with time, which keeps the solvency math on cash flow rather than refinance risk.

Context — the public-company treasury pack

Treasury accumulators continue to dominate the "new issuance" side of corporate bitcoin demand. Three recent anchor points on this site:

  • Strategy's STRC coupon continues to set the preferred-equity pricing bar for yield-bearing BTC-collateral products.
  • Metaplanet sits at the #2 public slot that Strive is targeting. The company has been issuing yen-denominated bonds through 2026 to accelerate accumulation.
  • SWI completed its $894M Genesis Digital miner-to-HPC conversion deal earlier this quarter — prior post — a parallel structural play on bitcoin exposure through infrastructure rather than spot.

Strive's spot-only, SATA-funded playbook sits in the dividend-paying-preferred cluster of this pack, versus Strategy's convertible-debt plus preferreds and Metaplanet's Euro-Yen bonds.

What to watch

  1. Weekly cadence vs. the 990-BTC pace required to pass Metaplanet. The 3,311-BTC week sets a near-term benchmark. A fall-off below ~500 BTC per week while Metaplanet continues to buy would extend the catch-up horizon into 2027.
  2. SATA issuance size on the next 8-K. Strive discloses SATA tranches alongside bitcoin purchases. The scale of each tranche is the leading indicator for the following week's buy.
  3. Any convertible-debt deviation. If Strive adds convertibles to the funding mix, the solvency profile changes materially, because converts carry a maturity. The current all-dividend posture is the differentiating feature.
  4. STRC preferred-stock position. Strive's 505,000 STRC shares are a cross-exposure to Strategy's own capital structure; a dividend cut at STRC — unlikely but telegraphed in any Strategy filing — would hit Strive's cash before any BTC price move.

Context — the primary filing

The SEC filing itself is on EDGAR under Strive's CIK 1920406. Two 8-Ks were filed on October 13 (accession numbers 0001628280-26-065594 and 0001628280-26-065595); the bitcoin-purchase disclosure is the Item 8.01 filing. For readers tracking corporate-treasury accumulation, the EDGAR page is the correct primary — press reporting including The Block's walks back to that filing.

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