Strive, Inc. chief executive Matt Cole says the company could finish 2026 as the second-largest bitcoin holder among public companies, but acknowledges that the outcome depends on several conditions. Strive currently holds 23,156 BTC and ranks fifth, while Twenty One Capital holds 43,514 BTC. Closing today’s 20,358-BTC gap would require Strive to pass MARA Holdings and Metaplanet as well as Twenty One Capital, and the actual threshold may rise if those companies continue buying. Cole pointed to warrants with more than $700 million in notional value, struck at $27 and expiring in mid-October. If exercised, they could provide cash for bitcoin purchases and potentially support another $700 million of digital credit, creating as much as $1.4 billion in potential buying capacity. The warrants only pay above $27, while ASST closed at $22.80 on August 28. Strive recently bought 1,800 bitcoin in one week and more than 1,000 the previous week, including a $143.0 million purchase that moved it past Bullish into fifth place. Cole said an average of 1,000 bitcoin a week over roughly 17 remaining weeks would add close to 17,000 BTC, while maintaining the 1,800 pace would add more than 30,000 BTC. The outcome will also depend on ASST staying above $27, SATA trading at par, and the companies ahead slowing their purchases. Bitcoin near $77,000 affects how much the potential capital can buy. Cole said reaching No. 2 is possible, but not his base case, with the next hundred days determining the result.