Strive reported holdings of 505,000 shares of Strategy’s STRC preferred stock valued at about $50.2 million as of Oct. 23, up from $49.3 million a week earlier, following the close of an offering of 7 million SATS preferred shares on Oct. 20 that raised roughly $630 million before expenses.

Strive established an at-the-market offering program for up to $1 billion of SATS preferred stock, with proceeds earmarked for general corporate purposes, including additional Bitcoin purchases and working capital.

Strive completed an upsized initial public offering of 7,000,000 SATS shares at $90 each, raising $630 million to fund Bitcoin acquisitions and income-generating assets.

Strive operates without leverage, maintaining a debt-free balance sheet with no bonds or credit lines, in line with its strategy to maximize long-term total returns for common equity investors.

The SATS offering carries a 15% annual dividend, and Strive has reserved enough funds to cover the first 18 months of payments.

CEO Matt Cole aims to finish the year as the second-largest public Bitcoin holder, which would require Strive to accumulate about 105 BTC per week going forward.

Strive completed the 2026 acquisition of Semler Scientific in an all-stock deal, marking the first publicly traded Bitcoin-treasury company to acquire another such company.

Strive maintained ownership of approximately 14 million SATA preferred shares outstanding and continues pursuing a strategy that leverages its Bitcoin treasury alongside ongoing capital-raising efforts.

Between Oct. 17 and Oct. 23, Strive expanded its Bitcoin treasury by purchasing 6,182 BTC, bringing total holdings to 43,000 BTC.

With these acquisitions, Strive nears Metaplanet and Twenty One for second and third place among public-company Bitcoin holders, behind Strategy’s 848,517 BTC, while Metaplanet, Twenty One, and MARA also hold substantial positions.

The article places Strive in the broader trend of Bitcoin treasuries, noting Strategy as the long-time leader that began acquiring Bitcoin in 2020 and now holds a dominant stake.

Strive’s new SATS preferred stock began trading on Nasdaq and will pay a 15% dividend on every business day, per the company’s announcement.