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Strive boosts Bitcoin holdings by 4,045 BTC ahead of $630M preferred stock deal

Market News
19 Oct 2026
Tokenpost
View Source
Bullish
Strive boosts Bitcoin holdings by 4,045 BTC ahead of $630M preferred stock deal

Strive increased its Bitcoin holdings to 36,818 coins by purchasing 4,045 BTC between October 12 and 16 at an average price of around $82,000 per coin, spending about $100 million in the latest batch. This expansion of its corporate treasury comes ahead of a $630 million preferred stock offering, which is expected to settle on October 20. The proceeds from the stock sale will be used for general corporate purposes, including potential further Bitcoin purchases, working capital, and share buybacks. As of October 16, Strive held $317.5 million in cash and equivalents, signaling strong liquidity alongside its growing Bitcoin assets.

Strive's recent Bitcoin accumulation is context for readers following cryptocurrency markets. As of Oct 19, 2026 22:31 WIB, 41 of 50 major cryptocurrencies on Pluang rose while 8 fell. Notable movers include GRT at Rp433 with a 3.54% increase and a Pluang order activity of 90% Sell / 10% Buy, SNX at Rp3.868 up 3.17% with 52% Sell / 48% Buy, and XRP at Rp23.517 rising 3.09% with 49% Sell / 51% Buy. The most notable figure is GRT's 90% sell order activity on Pluang.

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