October 13th 2026, 2:38 PM
Strive Closes In on MARA After $280 Million Bitcoin Purchase
Key Summary
Strive, a NASDAQ-listed company, has made its largest Bitcoin purchase since January, buying 3,311 coins for $280 million. The move brings Strive's treasury to 32,773 BTC, trailing MARA by approximately 2,800 coins. The company aims to finish 2026 as the world's second-largest public Bitcoin holder.
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Acquisition Details
The company bought 3,311 Bitcoin last week for roughly $280 million, lifting its treasury to 32,773 BTC as of Oct. 9.Market Impact
The purchase keeps Strive fifth among public company Bitcoin holders, according to Bitcoin Treasuries data. Strategy (NASDAQ: $MSTR ) leads with 848,250 BTC, followed by Metaplanet with 44,000, Twenty One with 43,514 and MARA (NASDAQ: $MARA ) with 35,577.Company Strategy
The purchase is part of Strive's efforts to bolster its balance sheet and fund operations amid dwindling cash reserves. CEO Matt Cole has said he wants the company to finish 2026 as the world's second-largest public Bitcoin holder.Market Reaction
The move was praised by Strategy Executive Chairman Michael Saylor, who described it as more than 13 times the 250 bitcoin Strategy added last week. Shares of Strive (NASDAQ: $ASST ) are currently trading at $28.17.#Bitcoin#US#Crypto