DALLAS—Strive acquired 1,107 Bitcoin for $94.5 million between Sept. 21 and Sept. 25, according to a Form 8-K filing with the SEC. The Dallas-based firm paid an average of $85,396 per coin, including fees.
This purchase lifts Strive's total Bitcoin holdings to 27,462 BTC. At Friday's closing price of $83,943, these assets are valued at approximately $2.3 billion.
Strive primarily funded the acquisition with its variable-rate perpetual preferred stock, SATA. CEO Matt Cole confirmed 85 percent of the total capital raised came from SATA, with warrant exercises generating an additional $12.4 million.
SATA functions as a preferred stock that pays dividends and enables Strive to raise capital while minimizing dilution for common shareholders. The company's SATA share count increased by roughly 1 million during the week, reaching 12.2 million shares. At its stated amount of $100 per share, SATA's notional value stands at about $1.22 billion.
Strive's Class A common shares also rose by approximately 649,000 units. The company's cash reserves saw an increase of $19.2 million, bringing its total cash pile to $248.8 million.
This latest acquisition represents a decrease from the prior week's Bitcoin accumulation, when Strive added 1,355 BTC. The firm has consistently used SATA for its Bitcoin strategy; an earlier 469 BTC purchase, which pushed holdings to 25,000 coins, was entirely funded by the preferred stock. A $109 million purchase in early September used a 70/30 split between SATA and common stock.
Strive now ranks fifth among public companies holding Bitcoin, trailing Strategy, Twenty One Capital, Metaplanet and MARA, based on Bitcoin Treasuries data. To match Twenty One Capital's 43,514 BTC by year-end, Strive needs to acquire approximately 16,050 more coins, or an average of 1,235 BTC per week.
Other treasury firms also announced digital asset purchases on Monday. Strategy added 1,665 BTC for $142.7 million, setting a new record for its holdings at 847,666 BTC. Tom Lee's Bitmine acquired 17,362 ETH for about $47 million, bringing its Ethereum holdings to 4.9 percent of the total supply.
