Strategy, Strive and Metaplanet disclosed 3,334 bitcoin in one day, but Strategy bought only 334 of them

Three public bitcoin treasury companies reported purchases on October 5 that added up to 3,334 bitcoin, roughly $285 million at the $85,400 bitcoin traded near October 6. Social posts called it one day of buying. It was three different reporting windows, and the split is lopsided.

Who bought what

• Strategy: 334 BTC for $28.7 million at an average $85,838.80, bought October 1 to 4, according to its October 5 8-K. Funding was $15.7 million from MSTR stock sales and $13.0 million of cash. Total holdings: 848,000 BTC.
• Strive: 2,000 BTC, about $169 million at an average $84,422, bought September 28 to October 2, per The Block. It holds 29,462 BTC, fourth among public companies, 6,115 behind MARA's 35,577.
• Metaplanet: a net 1,000 BTC after a sell-and-buy cycle, lifting it to about 44,000 BTC and past Twenty One's 43,514 for second place, per The Block.

The number behind the number

Strategy supplied 334 of the 3,334 coins, or 10%. Strive outbought it six to one. The windows overlap but are not the same day, and the 8-K and press release dates differ from when coins were bought. Treat 3,334 as a filing-day total, not a single day's demand.

Strategy's 848,000 coins cost an average $75,440.70 each, or about $63.97 billion in all. At $85,417 they are worth roughly $72.4 billion, 13% above cost. Its own small purchase was funded about 54% from selling MSTR shares, which is how the company has paid for coins in the past: the stock's premium to bitcoin determines how much it can buy.

Why it matters

Corporate buying is one of the demand sources bulls cite, and Strive's year-to-date numbers show the pace picking up: 8,137 BTC in the third quarter at an average $78,885. But bitcoin dipped below $85,000 the same day, so buying at this scale is not moving the price on its own. The competition for the number-two public treasury slot is the story to watch.

Saylor's "38% a year" claim, checked

Strategy chairman Michael Saylor posted on October 6 that since the company adopted the Bitcoin Standard in 2020, MSTR and bitcoin returned 52% and 38% a year, ahead of the S&P 500, gold, real estate and bonds on his chart. The bitcoin figure holds up. Bitcoin closed at $11,392 on August 11, 2020, the month Strategy made its first purchase, and at $85,801 on October 5, 2026, per Binance.US daily candles: a 7.5-fold gain over 6.15 years, or about 38.9% a year.

The catch is the start date. From the November 10, 2021 close of $64,922, the same math over 4.9 years gives 5.9% a year, and bitcoin sits about 31% below its October 2025 high near $126,000. The start date is the company's own, so it is fair for describing Strategy's experience, but it flatters anyone who was not holding then. We did not verify the 52% MSTR figure or the benchmark returns on his chart.

Sources: Strategy 8-K (SEC); The Block; Investing.com. Information, not investment advice.