Strive Aims to Become the World's Second-Largest Listed Bitcoin Holder by Year-End

According to ChainCatcher, Strive CEO Matt Cole stated that after acquiring 3,156 BTC in August alone, the company could potentially become the second-largest publicly traded Bitcoin holder by the end of 2026, behind only Strategy. However, he emphasized that this is not his baseline expectation and would require several factors to align. Cole noted that Strive currently has over $700 million in outstanding warrants set to expire in mid-October. If the company’s stock price surpasses the $27 strike price, the conversion of these warrants could bring in hundreds of millions of dollars in capital for additional Bitcoin purchases. He added that, combined with approximately $700 million in digital credit capacity, Strive’s potential funding capacity for buying BTC could reach $1.4 billion. Strive significantly accelerated its purchasing pace in August, acquiring 3,156 BTC compared to just 136 BTC in July. The company currently holds 23,156 BTC, valued at nearly $1.9 billion, and has become the fifth-largest publicly traded Bitcoin treasury company, surpassing crypto exchange Bullish last week. The current second-largest publicly traded Bitcoin holder is Twenty One Capital, which holds 43,514 BTC—roughly twice Strive’s amount. With 17 weeks remaining until year-end, if Twenty One does not acquire additional BTC, Strive would need to purchase an average of approximately 1,200 BTC per week to overtake it. The article notes that Twenty One has not added any new BTC since July 2025, making this target theoretically achievable.