Strive adds 469 Bitcoin to reach 25,000 BTC treasury

Strive reported the acquisition of 469 Bitcoin in a recent SEC filing, bringing its corporate holdings to 25,000 BTC. The company purchased the coins between Sept. 8 and Sept. 11 at an average price of $77,954 per Bitcoin, including fees and expenses, and CoinGecko data showed the asset trading near $78,823 during the same period.

Chief executive Matt Cole said the latest addition was funded entirely by proceeds from sales of SATA, Strive’s perpetual preferred stock. The filing indicates SATA’s outstanding shares rose by 402,541 over the transaction period to about 10.4 million, and the instrument’s notional value outstanding has passed $1 billion.

As of Sept. 11, Strive also held $204.2 million in cash and cash equivalents and 505,000 shares of Strategy’s STRC preferred stock, valued at roughly $49.8 million. The company’s Nasdaq-listed shares rallied more than 7% on the Monday noted in the filing to around $29, extending a run that doubled the stock’s price over the previous month and pushed its market capitalization to about $2.5 billion.

Strive’s recent accumulation has moved it up the list of public corporate Bitcoin holders: a late-August purchase of 1,800 BTC put it past crypto exchange Bullish and into the fifth-largest position. The company — co-founded in 2022 by Vivek Ramaswamy and taken public after a September 2025 merger with Asset Entities — still has potential additional capital available: its shares are trading above the $27 exercise price on warrants due in mid-October, which, if exercised, could inject more than $700 million of new capital according to BitcoinTreasuries.net. CEO Matt Cole has said reaching the second-largest position by year-end is possible, though not his baseline scenario.