Strive buys 124 Bitcoin, closes in on Metaplanet in treasury race

What happened

Strive added 124 Bitcoin, bringing its total holdings to 43,124 BTC and putting it close to Metaplanet, which held around 44,000 BTC in early-to-mid October 2026. Strive has largely funded its Bitcoin purchases with perpetual preferred stock rather than debt.

Confirmed

Global impact / market context

Strive’s buying increases its exposure to Bitcoin, so changes in Bitcoin’s value can affect the value of its holdings and its financial position. Funding purchases mainly with preferred shares instead of borrowed money may limit debt costs, but issuing shares can affect existing investors’ ownership.

Analyst inference

The article describes Strive’s holdings rising from about 7,500 BTC at the end of 2025 to 43,124 by late October 2026, while it approaches Metaplanet’s reported total. Its preferred-share funding links the pace of further buying to its ability to raise capital.

Analyst inference

What to watch

1. Watch for Strive to disclose further Bitcoin purchases and updated holdings; continued buying could narrow or reverse the reported gap with Metaplanet. Analyst inference
2. Track whether Strive raises more money through SATS preferred shares, a type of share with stated payment terms, or turns to debt. Analyst inference
3. Compare future disclosures on Strive’s total Bitcoin and funding with Metaplanet’s holdings, since the article’s figures refer to different October reporting points. Analyst inference

Affected assets

• BTC — Bitcoin

Evidence

• cryptobriefing.com