TLDRBetween September 28 and October 2, Strive acquired 2,000 BTC for approximately $169 million.The acquisition represents the company’s most significant bitcoin purchase since June, raising total reserves to 29,462 BTC.Metaplanet climbed to second place among bitcoin treasuries after adding a net 1,000 BTC, surpassing Twenty One.MARA maintains a 6,115 BTC advantage over Strive for the fourth-largest public bitcoin treasury position.Following the disclosure, ASST stock advanced approximately 2%.Strive expanded its bitcoin reserves by 2,000 coins last week, allocating approximately $169 million for the acquisition. Shares of ASST increased roughly 2% on the disclosure, hovering around the $30.50 mark.LATEST: Strive bought 2,000 Bitcoin for ~$169M last week, its largest purchase since June, bringing its total holdings to 29,462 BTC. pic.twitter.com/vkxly59OOt— CoinMarketCap (@CoinMarketCap) October 5, 2026The transaction marks the firm’s most substantial individual purchase in four months. The coins were acquired over a five-day period from late September through early October, with an average cost of $84,422 per bitcoin.Following this acquisition, Strive’s aggregate bitcoin position reached 29,462 BTC. At prevailing market rates, the reserve carries an estimated value of $2.55 billion.Chief Executive Matt Cole revealed that the company financed the majority of the transaction through its SATA preferred share sales. These equity offerings generated 61.5% of the required capital.Warrant conversions contributed an additional $56.7 million to the funding pool. The remaining capital sources complete the financing structure Strive employed for its ongoing bitcoin accumulation strategy.Bitcoin Treasury Rankings ShiftStrive currently trails MARA by 6,115 BTC, with the latter maintaining 35,577 BTC in reserves. This differential continues to place Strive in the fifth position among publicly held bitcoin treasuries.The competition for runner-up status also evolved. Japanese firm Metaplanet executed strategic trades during Q3, selling 10,000 BTC before repurchasing 11,000 BTC—a maneuver the organization described as proving liquidity capacity.The resulting net gain of 1,000 BTC elevated Metaplanet’s holdings to 44,000 BTC, eclipsing Twenty One’s 43,514 BTC position. Strive now sits 14,538 BTC below Metaplanet’s updated total.For Strive to bridge this gap before 2025, it would require weekly acquisitions of approximately 1,212 BTC across the next 12 weeks. This calculation presumes Metaplanet halts additional purchases, an uncertain assumption given its recent market activity.Strategy maintains commanding leadership in the sector. Michael Saylor’s enterprise acquired 334 BTC for $28.7 million in the past week, elevating its aggregate position to 848,000 BTC.Third Quarter Performance MetricsAlongside the acquisition announcement, Strive disclosed preliminary Q3 results in regulatory filings. The firm accumulated 8,137 BTC throughout the quarter at a mean cost of $78,885 per coin.As of September 30, Strive maintained approximately $285 million in liquid assets and cash equivalents. The company’s year-to-date BTC yield metric reached 63.2%.The firm’s amplification ratio—which evaluates preferred equity and debt relative to bitcoin valuation—registered at 55.3%. Cole indicated his intention to increase this metric beyond 60% while bitcoin remains below the $100,000 threshold.Strive’s bitcoin reserves have expanded over 290% year-to-date. The organization recently surpassed cryptocurrency exchange Bullish to claim the fifth-largest corporate bitcoin treasury globally.ASST shares surged nearly 140% throughout the third quarter. Excluding Monday’s advance, the stock posted approximately 1.7% gains over the previous week.Strive, Inc., ASSTStrive’s SATA preferred shares traded close to their $100 par value Monday. The preferred instrument distributes daily dividends at an annualized rate of $13 per share, representing an effective yield near 13%.Bitcoin exchanged hands around $86,000 Monday morning, following a 24-hour peak of $86,948. The cryptocurrency’s trading volume surged 78% compared to the preceding 24-hour period.Cole addressed the accumulation strategy, confirming the company’s commitment to ongoing position expansion. Competitors including Strategy’s Michael Saylor publicly recognized Strive’s most recent acquisition.The post $169 Million Bitcoin Acquisition Drives Strive (ASST) Shares Higher by 2% appeared first on Blockonomi.