Strive Bitcoin Purchase: 15,124 BTC in October, 43,124 Held
The latest Strive bitcoin purchase was 15,124 BTC in October, and it lifted the company’s holdings to 43,124 BTC as of October 30. Cointelegraph and Crypto Briefing both report the numbers from Strive’s third-quarter results, released Friday, November 6.
How big the Strive bitcoin purchase was
Cointelegraph says purchases for the first ten months of 2026 total 35,497 BTC. Crypto Briefing gives 8,136 BTC for the third quarter and 20,373 BTC for the first nine months. Subtracting, we get 12,237 BTC for the first half. So the October Strive bitcoin purchase was larger than the whole third quarter.
For scale, we estimate the network issued about 14,061 BTC over 31 days at the current reward and block pace. That is our arithmetic from mempool.space data, not a reported figure. It puts one company’s October buying in the same range as a month of new supply.
Where Strive ranks
Cointelegraph, citing BitcoinTreasuries.NET, calls Strive the fourth-largest publicly traded corporate holder. It trails Twenty One Capital by 390 BTC. It needs 877 more BTC to pass Metaplanet, which holds about 44,000. That assumes neither company buys more.
How Strive paid for the bitcoin purchase
Strive raised about $609 million in net proceeds from its SATS perpetual preferred stock in October. The stock carries a 15% annual dividend. Cointelegraph notes the company has not said how much of the money goes to bitcoin. In its weekly filing for October 24 to 30, Strive told the SEC it bought 124 BTC at an average of about $80,526. Bitcoin trades near $75,692 as we write, so that week’s buyer is under water.
The profit needs context
Strive reported $509 million of GAAP net income for the third quarter, helped by $533.7 million of unrealized gains on digital assets. Another outlet printed $474.8 million. We could not reconcile it, so we use the figure that Cointelegraph and Crypto Briefing agree on. However, the nine-month picture is weaker: a $14.5 million GAAP net loss and an $88.4 million loss attributable to common stockholders after preferred dividends, per Crypto Briefing.
Miner math: what treasury buying means for your margin
Here is the live maths on November 6. Bitcoin is $75,692 and the network is 1039 EH/s, so hashprice is about $33.06 per petahash per day. That is what one PH/s of hashing earns before power.
| Machine | 5c/kWh | 8c/kWh | 12c/kWh | Break-even |
|---|---|---|---|---|
| Antminer S19 (95 TH/s, 3250 W) | -$0.76 | -$3.10 | -$6.22 | 4.0c |
| Antminer S19k Pro (115 TH/s, 2645 W) | $0.63 | -$1.28 | -$3.82 | 6.0c |
| Antminer S19 XP (141 TH/s, 3010 W) | $1.05 | -$1.12 | -$4.01 | 6.5c |
| Antminer S21 Pro (234 TH/s, 3510 W) | $3.52 | $1.00 | -$2.37 | 9.2c |
Numbers are profit per day after electricity, at the three power prices shown. Break-even is the most you can pay per kilowatt-hour before the machine loses money. Specs are the manufacturer ratings; network data comes from mempool.space. Try your own power price in our free bitcoin mining profit calculator. See what these machines really sold for in our used ASIC miner price index. Want to run the same numbers on a machine you can buy today? See our used ASIC miners, or buy several at once through bulk lots.
If steady corporate buying lifts bitcoin 5%: the break-even power price on an S19k Pro rises from 6.0 to 6.3 cents per kilowatt-hour. At 8 cents, daily profit goes from -$1.28 to -$1.09.
The blunt answer for miners
A Strive bitcoin purchase helps the price when it happens. They do not help if they stop, or if they sell. Strive funds its buying with a 15% dividend preferred, which is a fixed cost that does not shrink when bitcoin falls. So we would not plan a machine purchase around one buyer. Plan around the break-even column and your own power rate.
To compare machines, browse all miners or read the mining economics guides. See also our piece on ETF buying versus miner supply.
-Nick
ING Mining
This is general information, not financial advice. Crypto is volatile, and exchanges can fail. Please do your own research.
How this story was made: drafted with the help of AI tools from public sources, then edited by Nick Squires. See our editorial policy. Spot an error? Email ns@ingmining.com.