Strategy, Metaplanet and Strive all expanded their bitcoin treasuries as the third quarter closed, with Strategy reporting a $21 billion gain on its digital-asset holdings and the three companies collectively adding more than 3,300 BTC to their reserves.
Strategy, the world’s largest corporate bitcoin holder, acquired another 334 BTC for $28.7 million last week at an average price of $85,839 per bitcoin, according to an announcement Monday. The purchase brought its holdings to 848,000 BTC as of Oct. 4. The company also repurchased $176 million worth of its STRC preferred stock and held $5.7 billion in U.S. dollar assets.
The latest purchase extends Strategy’s bitcoin accumulation streak while marking a relatively small addition compared with its earlier purchases. The company has continued to prioritize bitcoin accumulation while using its capital markets and preferred-stock programs to manage its balance sheet.
Strategy said it recorded a $21 billion gain on its digital assets during the third quarter, with the figure reflecting a sharp increase in the value of its bitcoin holdings during the quarter rather than realized operating profit.
Strategy reports a $21 billion gain on digital assets in Q3 2026. Last week, we acquired 334 $BTC and repurchased $176M of $STRC. As of 10/4/26, we hold 848,000 BTC and $5.7B of USD Assets. $MSTR
https://t.co/DfKvdQl19R— Strategy (@Strategy) October 5, 2026
Metaplanet Reaches 44,000 BTC
Japan’s Metaplanet ended Q3 with a total of 44,000 BTC after a net addition of 1,000 BTC during the period. The company disclosed that it sold 10,000 BTC and subsequently bought 11,000 BTC, using the transactions to demonstrate that its bitcoin reserves could be converted into cash when needed.
The exercise is part of Metaplanet’s broader effort to strengthen its credit profile and expand future financing options, including corporate bonds and preferred shares. The company also reported an 11.3% Bitcoin Yield for the quarter and estimated a potential deferred tax asset of about $97 million.
Metaplanet said its strategy is evolving beyond simply accumulating bitcoin, including plans to pursue a credit rating, taking into account credit rating developments at overseas peer companies.
“Through obtaining a credit rating and other measures, [Metaplanet] aims to establish an objective assessment of its creditworthiness in the capital markets and to broaden its funding options, including bonds and preferred shares, and, over the medium to long term, to contribute to the development of capital markets funding for companies whose principal asset base is bitc,” reads the announcement.
The company added it plans to maintain roughly 85% to 90% of its assets in bitcoin while allocating the remainder to strategic investments and income-c opportunities.
Metaplanet also introduced a Net Interest Income Strategy, targeting investments principally in preferred securities issued by bitcoin treasury companies. It plans to allocate approximately 10% to 15% of total assets to these investments, seeking returns above its funding costs to service obligations and support further bitcoin purchases.
Strive Adds Another 2,000 BTC
U.S. bitcoin treasury company Strive also announced a major purchase, acquiring 2,000 BTC for approximately $169 million at an average price of $84,422.
The transaction lifted Strive’s total holdings to 29,462 BTC. CEO Matt Cole said 61.5% of the purchase funding came from SATA, while warrant exercises generated an additional $56.7 million.
Strive acquired 2,000 $BTC for $169M at an average cost of $84,422 per bitcoin, bringing total holdings to ₿29,462.
61.5% of capital raised came from SATA, with warrants generating $56.7M.
Today’s 8-K also highlights key metrics and KPIs through 3Q26.
$ASST $SATA https://t.co/HS4ADPQ8mJ
— Matt Cole (@ColeMacro) October 5, 2026
Today’s announcements underscore the diverse financing strategies being used by public companies building bitcoin reserves. Strategy continues to operate at a vastly larger scale, while Metaplanet is testing the liquidity of its treasury and developing new income streams, and Strive is using preferred securities and warrants to finance further accumulation.
Together, the moves point to a bitcoin treasury market increasingly focused not only on the size of corporate holdings, but also on how those holdings can support liquidity, financing and shareholder returns.