Strive Buys $511M in Bitcoin, Surging Toward Second-Largest BTC Treasury
Strive has acquired 6,182 BTC for $511M, boosting its holdings to 43,000 BTC and closing in on Metaplanet's position.
Strive has acquired 6,182 BTC for $511M, boosting its holdings to 43,000 BTC and closing in on Metaplanet's position. Bitcoin (BTC) is trading at $79,970.00, down 0.2% since this brief published. This is an original TLT brief synthesising 2 outlets (The Daily Hodl, The Block), with their figures cross-checked, plus live market data, as of Tue, 27 Oct 2026 02:00:04 UTC.
This massive purchase highlights institutional demand for Bitcoin as a treasury asset and could influence market sentiment. Strive's growing holdings also signal increasing competition among major BTC treasurers.
- Strive bought 6,182 BTC for $511M between Oct 16-23.
- The purchase brings Strive's total BTC holdings to 43,000.
- Strive is now within 1,000 BTC of second-place Metaplanet.
- The firm also announced a $1B preferred stock offering.
The Daily Hodl and The Block both report that Strive purchased $511 million worth of Bitcoin, acquiring 6,182 BTC between October 16th and 23rd, which increased its total holdings to 43,000 BTC. They also agree that this move positions Strive as the fourth-largest Bitcoin treasury firm globally. However, The Block uniquely reports that Strive is now within 1,000 BTC of second-place Metaplanet and has unveiled a new $1 billion preferred stock offering program.
- Strive Increases Bitcoin Treasury by 3,311 BTC to 32,773 BTC
- Strive Adds 1,223 Bitcoin to Treasury Amid $630M Capital Raise Plans
- Strive Buys $511M in Bitcoin, Surging Toward Second-Largest BTC Treasury — this brief
Strive, a Dallas-based 
Bitcoin treasury firm, has made a significant investment in Bitcoin, purchasing 6,182 BTC for $511 million between October 16th and 23rd. This information was filed with the U.S. Securities and Exchange Commission and reported by multiple outlets.
The purchase brings Strive's total Bitcoin holdings to 43,000 BTC, solidifying its position as the fourth-largest Bitcoin treasury holder globally. This move underscores the growing trend of institutional adoption of Bitcoin as a treasury asset.
The Block reports that Strive's latest purchase has narrowed the gap between it and Metaplanet, the second-largest BTC treasury holder, to just 1,000 BTC. Additionally, Strive has announced a new $1 billion preferred stock offering program, indicating potential for further investment in Bitcoin.
This development comes amid a relatively flat market period, with the total crypto market cap at $2.75 trillion and Bitcoin trading at $80,126, showing a slight 24-hour decline of 0.04%. The Fear & Greed Index stands at 48, indicating a neutral market sentiment.
The purchase and the new stock offering program suggest that Strive is aggressively positioning itself in the Bitcoin market. Investors and market observers will likely watch how this affects Strive's competitive position and the broader institutional adoption of Bitcoin.
Since this brief published about 2 hours ago, Bitcoin (BTC) has moved from $80,126.00 to $79,970.00 — -0.19%.
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). 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 ≈ ₦110.67M (about $79,970.00), up 0.4% over 24 hours. The naira itself trades about 1.8% 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 assets in this story — live, source-stamped, updated every 15 minutes.
1 key figure independently matched across 2 outlets reporting this story.
TLT extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Strive Buys $511M in Bitcoin, Surging Toward Second-Largest — questions & answers
How much Bitcoin did Strive purchase?
Strive bought 6,182 BTC for $511 million.
What is Strive's current Bitcoin holding?
Strive's total Bitcoin holdings are now 43,000 BTC.
How does Strive's position compare to other BTC treasurers?
Strive is the fourth-largest BTC treasury holder, within 1,000 BTC of second-place Metaplanet.
How much is 1 Bitcoin worth in naira today?
About ₦110.67M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $79,970.00. 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 0.19% since this brief first published — trading at $79,970.00 now versus $80,126.00 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 The Daily Hodl, The Block, 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.