Strive buys another $100 million of bitcoin, now 36,818 BTC, as Strategy adds 267 coins and lifts its preferred-stock buyback to $3 billion

Two of the biggest corporate bitcoin buyers filed their weekly updates on Monday. Strive, Inc., the Dallas company that holds the fourth-largest public bitcoin treasury, bought 1,223 BTC between October 14 and 16 at an average of about $81,734 per coin including fees, according to its 8-K, or roughly $100 million, per The Block. Together with the 2,822 BTC it disclosed on October 14, it bought 4,045 bitcoin that week at an average of about $82,803, and its holdings rose from 32,773 to 36,818 BTC. Cash stood at $317.5 million on October 16, after warrant exercises brought in about $369.2 million and the remaining warrants expired on October 13.

Strive's 7 million-share SATS preferred offering, priced at $90 a share on October 15 for expected gross proceeds of about $630 million, is scheduled to settle on October 20. The Block notes Strive trails only Strategy, Metaplanet with 44,000 BTC and Twenty One with 43,514 BTC among listed holders, per Bitcoin Treasuries data.

Strategy, the largest, bought 267 BTC for $22.1 million at an average of $82,900 between October 12 and 18, alongside $22 million of net proceeds from MSTR share sales, its 8-K shows. It now holds 848,517 BTC acquired for $64.02 billion, an average of $75,446. The company also repurchased 1,938,780 STRC preferred shares for $193.1 million and its board raised the digital credit securities repurchase program to $3 billion from $2 billion, with $1.16 billion remaining. Its dollar cash fell to $447.3 million, alongside a $4.83 billion reserve. Strategy reports third-quarter results after the close on October 29, per crypto.news.