Strive CEO: Company Could Become the World's Second-Largest Publicly Listed Bitcoin Holder by Year-End

Odaily News - Strive CEO Matt Cole stated that after adding 3,156 BTC in August alone, the company could potentially become the world's second-largest publicly listed corporate Bitcoin holder by the end of 2026, trailing only Strategy. However, he also emphasized that this is not his baseline expectation and would require multiple factors to align.

Cole noted that Strive currently has over $700 million in unexercised warrants, set to expire in mid-October. If the company's stock price breaks through the $27 exercise price, warrant conversion could bring hundreds of millions of dollars in funds to Strive for further Bitcoin purchases. He indicated that if combined with approximately $700 million in digital credit capacity, the company's potential capital capacity for buying BTC could reach $1.4 billion.

Strive significantly accelerated its buying pace in August, purchasing 3,156 BTC in a single month, compared to just 136 BTC added in July. The company now holds a total of 23,156 BTC, valued at nearly $1.9 billion, and has become the world's fifth-largest publicly listed Bitcoin treasury company, surpassing crypto exchange Bullish last week.

The current second-largest publicly listed Bitcoin holder is Twenty One Capital, which holds 43,514 BTC—roughly twice Strive's position. With 17 weeks remaining before year-end, if Twenty One does not add further positions, Strive would need to purchase approximately 1,200 BTC per week on average to surpass it. The article notes that Twenty One has not added new BTC since July 2025, making this goal theoretically possible.