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Strive boosts bitcoin holdings to 36,818 BTC ahead of $700M SATS preferred stock settlement

Protocol Fundamentals
19 Oct 2026
Unchained
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Bullish
Strive boosts bitcoin holdings to 36,818 BTC ahead of $700M SATS preferred stock settlement

Strive increased its bitcoin treasury to 36,818 BTC after buying 1,223 BTC last week, completing a total weekly purchase of 4,045 BTC at an average price around $82,000. The company also exercised warrants, raising about $369 million and increasing its Class A shares. Strive is set to settle a $700 million preferred stock offering called SATS on October 20, which includes a 15% dividend and a reserve for the first 18 months of payments. Proceeds from this offering may be used for further bitcoin purchases and general corporate purposes, signaling continued growth in Strive's bitcoin holdings and financial flexibility.

Strive's bitcoin holdings provide context for cryptocurrency market trends. For readers following crypto, here is Pluang's market snapshot as of Oct 19, 2026 20:22 WIB: 31 of 50 major cryptocurrencies rose today, 18 fell. Notable movers include BAT at Rp3.255 with a 2.03% increase and 93% buy order activity, FTM at Rp11.382 down 2.05%, and ENJ at Rp488 down 1.94% with 95% sell order activity.

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