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Strive buys 2,000 Bitcoin, now holds 29,462 BTC, and launches $500M preferred stock buyback plan

Protocol Fundamentals
05 Oct 2026
Unchained
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Bullish
Strive buys 2,000 Bitcoin, now holds 29,462 BTC, and launches $500M preferred stock buyback plan

Strive purchased 2,000 Bitcoin last week at an average price of $84,422 per coin, increasing its total holdings to 29,462 BTC. The company also announced a new buyback facility allowing it to repurchase up to $500 million of its SATA preferred stock, which has funded 61.5% of its capital raise. Strive views Bitcoin as attractively priced under $100,000 and aims to maintain a leverage ratio above 60% while remaining debt-free. In Q3, Strive added 8,137 BTC at an average price of $78,885, with a total treasury value of about $2.68 billion including cash and other assets.

Strive's recent Bitcoin purchase and buyback facility announcement provide context for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Oct 05, 2026 21:12 WIB: out of 50 priced major cryptocurrencies, 33 rose and 16 fell today. Notable movers include BAL (Balancer) at Rp16.297 with a 1-day change of +11.14% and a typical hold time of 85 days, SAND (The Sandbox) at Rp1.291 with a 1-day change of -9.39% and Pluang order activity showing 42% Sell / 58% Buy, and EOS (EOS.IO) at Rp12.649 with a 1-day change of +8.13% and a typical hold time of 87 days.

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