Strive Acquires $235 Million in Bitcoin, Surpasses MARA as Fourth-Largest Corporate Holder
Bitcoin treasury firm Strive bought 2,822 BTC for $235 million, pushing its total to 35,595 BTC and edging past MARA by 18 coins for fourth place among public companies.
Why it matters
Strive's rapid accumulation demonstrates aggressive corporate bitcoin acquisition strategy among public companies. The narrow 18-coin margin over MARA illustrates how competitive the corporate treasury rankings have become. The $369.2 million in expected warrant proceeds signals continued buying capacity.
Key facts
The average purchase price was approximately $83,266 per bitcoin
83,266 USDReported by Bitcoin.com News
Strive previously acquired 3,311 BTC for roughly $280 million disclosed on October 13
3,311 BTCReported by Bitcoin.com News
Combined acquisitions added 6,133 BTC worth approximately $515 million in little over a week
6,133 BTCReported by Bitcoin.com News
Strive's total bitcoin holdings reached 35,595 BTC valued at nearly $3 billion
35,595 BTCReported by Bitcoin.com News
What happened
Bitcoin.com News reports that Strive acquired 2,822 bitcoin for $235 million between October 12 and 13 at an average price of approximately $83,266 per coin. This purchase followed a separate acquisition of 3,311 BTC worth roughly $280 million disclosed the previous day. Combined, the two transactions added 6,133 bitcoin to Strive's treasury in little more than a week, totaling approximately $515 million. The firm's holdings now stand at 35,595 BTC, valued at nearly $3 billion, allowing it to overtake MARA's reported 35,577 BTC by a margin of just 18 coins. Strive CEO Matt Cole announced the latest purchase on October 14, and the company also reported $369.2 million in expected warrant proceeds to fund further bitcoin acquisitions. All figures and rankings are attributed to Bitcoin.com News citing bitcointreasuries.net data.
How the story developed
- Update
Strive discloses $280 million bitcoin purchase of 3,311 BTC
Initial large acquisition announced
- Update
Strive acquires additional 2,822 BTC for $235 million
Second purchase executed between October 12-13
- First report
First report by Bitcoin.com News
Strive Buys $235M in Bitcoin, Knocks MARA Out of Fourth Place
- Official statement
CEO Matt Cole announces latest purchase and new corporate ranking
Strive overtakes MARA for fourth place with 35,595 BTC
Affected entities
Also mentioned: Ripple
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Bitcoin.com News Company, official | Strive Buys $235M in Bitcoin, Knocks MARA Out of Fourth Place | Original |
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