Strive, Inc. has significantly expanded its digital asset reserves after purchasing 6,182 bitcoin for approximately $511.4 million. According to a regulatory filing submitted to the Securities and Exchange Commission on Monday, the enterprise acquired the tokens between October 17 and October 23 at an average price of $82,732 per coin. The latest acquisition pushes Strive’s aggregate holdings to 43,000 BTC, while its cash and marketable securities climbed by $187.7 million to reach $554.6 million during the same reporting period.

The aggressive accumulation closely follows the closing of an upsized initial public offering for the company’s 15% Perpetual Series A Preferred Stock, known as SATS. Originally launched with a $500 million target, Strive expanded the offering due to robust market demand, ultimately selling 7 million Nasdaq-listed shares at $90 each to generate $630 million in gross proceeds. The instrument features a 15% dividend on a $100 stated value—delivering a 16.67% yield at the issue price—with distributions scheduled for each business day beginning November 9, subject to board approval. To support these obligations, the firm has established a $157.5 million reserve fund capable of covering 18 months of shareholder payouts.

Looking to maintain its buying momentum, Strive outlined a new at-the-market equity program enabling the progressive sale of up to $1 billion in additional SATS preferred shares. A syndicate of sales agents, including Cantor Fitzgerald, Barclays, Clear Street, StoneX, B. Riley Securities, Maxim Group, and H.C. Wainwright, will manage the program. The capital framework allows the company to issue shares dynamically during favorable market conditions to fund bitcoin allocations, working capital, share repurchases, or future corporate acquisitions.

Strive has achieved rapid balance sheet expansion since adopting its treasury model through a 2025 reverse merger and subsequently executing an all-stock buyout of Semler Scientific in January. From a balance of roughly 7,525 BTC in December 2025, the company has increased its reserves more than fivefold, having closed an earlier 4,045-coin purchase just days before this latest transaction. Unlike corporate peers employing debt instruments, Strive continues to finance its balance sheet solely through equity mechanisms, operating without outstanding bonds, bank credit facilities, or leveraged financing arrangements.