Strive's Bitcoin Stash Hits an Even 25,000 BTC After $36.6 Million Buy

Strive Increased its Bitcoin holdings by 469 BTC between Sept. 8 and Sept. 11, spending $36.6 million at an average price of $77,954 per coin and bringing the firm's total to an even 25,000 BTC, according to a Form 8-K filed Sept. 14. CEO Matt Cole said the entire purchase was funded through Strive’s SATA preferred stock, which pushed SATA’s notional outstanding past $1 billion.

By AI NewsroomPublished about 14 hours agoUpdated about 14 hours ago0 views

Strive's Bitcoin Stash Hits an Even 25,000 BTC After $36.6 Million Buy

Why It Matters

The purchase highlights Strive’s reliance on preferred-stock financing to expand its corporate Bitcoin position while raising its notional preferred obligations relative to Bitcoin assets, a funding approach that affects balance-sheet leverage and shareholder dilution. The update also underscores the steep pace required for Strive to close the gap with larger public corporate holders of Bitcoin.

Key Facts

Amount purchased: 469 BTC
Purchase period: Sept. 8–11, 2026
Average price paid: $77,954 per BTC
Total spent on buy: $36.6 million
Total Bitcoin holdings after buy: 25,000 BTC (even)

Nasdaq-listed asset manager Strive announced a fresh buy of 469 Bitcoin between Sept. 8 and Sept. 11, paying an average of $77,954 per coin and spending about $36.6 million, a Form 8-K filed with the SEC on Sept. 14 shows. At prevailing market prices the company’s 25,000-coin position is worth roughly $1.95 billion.

CEO Matt Cole said on X that the entire transaction was funded through SATA, Strive’s Variable Rate Series A Perpetual Preferred Stock, and that SATA’s notional outstanding moved above $1 billion during the period. SATA shares outstanding increased by 402,541, taking the preferred’s $100-stated notional value to about $1.04 billion. Despite the purchase, Strive’s cash balance edged up from $202.6 million to $204.2 million.

Cole also reported that Strive’s “amplification ratio” rose to 53.5%, a metric the company defines as notional preferred equity and debt compared with Bitcoin net asset value. By that measure, Strive now carries about $53.50 of preferred obligations for every $100 of Bitcoin on its balance sheet. The recent buy was funded entirely through preferred stock rather than common equity; Class A common shares increased by just 34,206 during the period.

The pace of acquisitions slowed markedly from the prior week, when Strive added 1,375 BTC for roughly $109 million at an average cost near $79,281, a purchase funded about 70/30 between SATA and common stock. Strive remains the fifth-largest public corporate Bitcoin holder, trailing Strategy, Twenty One Capital, Metaplanet and MARA Holdings. Twenty One Capital holds 43,514 BTC, a lead of 18,515 coins; with about 15 weeks left in 2026, Strive would need to average roughly 1,234 BTC per week to surpass that total.