Strive Acquires 3,311 Bitcoin in $280M Deal, Boosting Treasury Holdings
Strive's latest Bitcoin purchase marks its largest acquisition since January, significantly expanding its corporate crypto holdings.
Strive's latest Bitcoin purchase marks its largest acquisition since January, significantly expanding its corporate crypto holdings. Bitcoin (BTC) is trading at $83,309.00, down 0.2% since this brief published. This is an original TLT brief synthesising 2 outlets (Crypto Economy, Unchained), plus live market data, as of Tue, 13 Oct 2026 15:45:02 UTC.
This acquisition underscores growing institutional interest in Bitcoin as a long-term store of value, with Strive aiming to become one of the largest corporate holders. The purchase also highlights the continued demand for Bitcoin despite recent market volatility.
- Strive acquired 3,311 BTC for $280M, averaging $84,500 per coin.
- The purchase brings Strive's total Bitcoin holdings to 32,773 BTC.
- CEO Matt Cole exercised $208M in warrants ahead of the deadline.
- Bitcoin price is up 1.07% in the last 24 hours.
Crypto Economy and Unchained both report that Strive acquired 3,311 Bitcoin for approximately $280 million, with an average price of $84,500 per BTC including fees and expenses. They also agree that this acquisition was made through warrant exercises, with Unchained specifying that the exercises totaled $208 million and were completed before Tuesday's 5 p.m. ET deadline. However, Unchained uniquely reports that Strive made its $100 minimum sale price for SATA preferred shares a binding charter rule, a detail not mentioned by Crypto Economy.
- Strive Increases Bitcoin Holdings to 32,773 BTC After $208M Purchase
- Strive Acquires 3,311 Bitcoin in $280M Deal, Boosting Treasury Holdings — this brief
Strive has completed the acquisition of 3,311 
Bitcoin for approximately $280 million, according to filings with the SEC and reports from Crypto Economy and Unchained. This purchase, which includes fees and expenses, brings the company's total Bitcoin holdings to 32,773 BTC.
The acquisition was made through warrant exercises, with CEO Matt Cole exercising $208 million in warrants ahead of the Tuesday 5 p.m. ET deadline, as reported by Unchained. The purchase was executed at an average price of $84,500 per BTC, reflecting the company's confidence in Bitcoin's long-term value proposition.
Strive's latest acquisition marks its largest Bitcoin purchase since January, demonstrating the company's commitment to building one of the largest corporate Bitcoin treasuries. The move also highlights the continued institutional demand for Bitcoin, even amidst recent market fluctuations.
The acquisition comes at a time when the total cryptocurrency market cap stands at $2.88 trillion, with Bitcoin's price up 1.07% in the last 24 hours to $83,446. The Fear & Greed Index currently sits at 57, indicating a state of 'Greed' in the market.
This development is significant as it positions Strive closer to its goal of becoming the second-largest publicly traded Bitcoin holder. Investors and market observers will be watching to see how this strategic move influences Strive's position in the crypto market and whether other institutional players follow suit.
Since this brief published about 53 minutes ago, Bitcoin (BTC) has moved from $83,446.00 to $83,309.00 — -0.16%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution; intraday detail builds over the first day). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₦113.95M (about $83,309.00), up 0.8% over 24 hours. The naira itself trades about 2.7% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Strive Acquires 3,311 Bitcoin in $280M Deal, Boosting Treasu — questions & answers
How much Bitcoin did Strive acquire?
Strive acquired 3,311 Bitcoin for approximately $280 million.
What was the average price per Bitcoin in the acquisition?
The average price was $84,500 per BTC, including fees and expenses.
What is Strive's total Bitcoin holdings after this purchase?
Strive's total Bitcoin holdings are now 32,773 BTC.
How much is 1 Bitcoin worth in naira today?
About ₦113.95M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $83,309.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 0.16% since this brief first published — trading at $83,309.00 now versus $83,446.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Crypto Economy, Unchained, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.