Strive buys 124 Bitcoin as it chases Metaplanet for the No. 2 treasury spot

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Strive official logo (strive.com)

The Ramaswamy-backed firm now holds 43,153 BTC and wants to pass Metaplanet as the second-largest public Bitcoin holder by year-end

Mon 9 Nov 2026 · 08:20 EST · 3 min read

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Strive has added another 29 Bitcoin to its balance sheet. That brings the company’s total holdings to 43,153 BTC.

Small buy, big ambition

Strive, Inc. trades on Nasdaq under the ticker ASST. The Dallas-based firm was co-founded by Vivek Ramaswamy.

The company has a clear target. It wants to become the world’s second-largest publicly traded Bitcoin holder by the end of the year.

Standing in the way is Metaplanet, which holds 44,000 BTC. With 43,153 BTC now on Strive’s books, the gap between the two works out to 847 BTC.

The latest purchase builds on a position Strive reported as of October 30, 2026. At that point, the company held 43,124 BTC.

That figure followed a buy made between October 24 and October 30. During that window, Strive picked up 124 BTC for around $10 million.

The average price on that tranche came to approximately $80,526 per BTC.

An October shopping spree

The 29 BTC buy looks almost quaint next to what Strive did in October 2026. The company accumulated over 15,000 BTC during that month alone.

Several of those purchases were large blocks. One acquisition covered 2,000 BTC for about $169 million.

Another brought in 3,311 BTC for roughly $280 million. The biggest of the bunch added 6,182 BTC for approximately $511 million.

For context on scale, the leader of the pack is still nowhere near in reach. Strategy holds approximately 849,000 BTC.

How Strive pays for it

The funding model is where Strive stands out. The company leans heavily on preferred stock issuances and warrant exercises to finance its Bitcoin purchases.

Notably, it avoids debt financing. Instead of borrowing money and owing interest, Strive sells equity-linked securities to investors and converts the proceeds into Bitcoin.

Strive’s SEC filings point to ongoing accumulation. The company appears to be running this playbook steadily rather than in one-off bursts.

What this means

For investors watching the corporate treasury space, the race between Strive and Metaplanet is the most immediate storyline. The gap of 847 BTC is small relative to Strive’s October pace.

Strive’s position relative to peers such as Twenty One Capital and MARA may shift depending on how aggressively each firm buys.

There is also the question of how the market values these companies. Strive’s standing may fluctuate in relation to its Bitcoin net asset value, or NAV, which is essentially the market value of the coins it holds.

The no-debt approach cuts both ways. It removes the risk of a lender demanding repayment during a Bitcoin drawdown. On the other hand, preferred stock carries its own obligations to holders.

For now, the scoreboard reads 43,153 BTC for Strive and 44,000 BTC for Metaplanet. The next few SEC filings from Strive will show whether its year-end goal is a plan or just a slogan.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.