Strive buys 1,375 Bitcoin, pushing total holdings above 24,500 BTC
Strive purchases 1,375 BTC
Strive (ticker S ASST) bought 1,375 bitcoin last week for roughly $109 million. The purchase raises the company’s bitcoin holdings to 24,531 BTC.
Key points
- Average purchase price was $79,281 per bitcoin (Aug 31‑Sept 4).
- 70 % of the capital used came from sales of SATA perpetual preferred stock, now close to $999 million in notional volume.
- Strive’s cash and equivalents rose to $202.6 million.
- The company needs about 1,200 BTC each week to overtake Twenty One Capital as the second‑largest public bitcoin treasury before year‑end.
Official filing
The purchase details were disclosed in a Form 8‑K filing with the U.S. Securities and Exchange Commission, which listed the average price of $79,281 per bitcoin for the 1,375 BTC acquired between August 31 and September 4.
Public bitcoin treasury race
Strive aims to become the second‑largest holder of bitcoin among public companies. With about 16 weeks left in 2026, the firm would need to acquire roughly 1,200 BTC per week to surpass Twenty One Capital, which currently holds 845,050 BTC.
Strategy’s activity
Strategy, the current second‑largest public bitcoin treasury, did not buy or sell bitcoin last week. The firm repurchased $176 million of its STRC preferred stock and doubled its Digital Credit Securities Repurchase Program from $1 billion to $2 billion. Strategy also reported $6.5 billion in U.S. dollar assets as of September 7.
What is confirmed
- Strive bought 1,375 BTC for about $109 million.
- The purchase price averaged $79,281 per BTC.
- 70 % of the capital came from SATA preferred stock sales.
- Strive’s total bitcoin holdings are now 24,531 BTC.
- Strategy holds 845,050 BTC and repurchased $176 million of STRC stock.
What remains uncertain
- Strive’s CEO mentioned the possibility of gaining up to $1.4 billion from outstanding warrants, but the exact amount that will be used for future bitcoin purchases is not confirmed.
- The weekly acquisition rate needed to overtake Twenty One assumes no additional bitcoin purchases by Twenty One; this could change.
Why it matters
Increasing bitcoin holdings by public companies is often seen as a signal of confidence in the asset and can affect market perception. Strive’s large purchase and its reliance on SATA preferred stock highlight a financing approach that ties equity‑like securities to bitcoin acquisition.
