Strive Hits 25,000 Bitcoin Treasury with $36.6M Purchase
Strive Adds 469 Bitcoin to Reach 25,000 BTC Treasury
Strive, a Bitcoin treasury company, purchased 469 Bitcoin for about $36.6 million between September 8 and 11, 2026. This purchase brings the company's total Bitcoin holdings to 25,000 BTC.
The acquisition was funded entirely through sales of SATA, a perpetual preferred stock that has surpassed $1 billion in value. SATA is a type of stock that pays dividends indefinitely.
Key Details from the Purchase
- Strive bought Bitcoin at an average price of $77,954 per BTC, including fees and expenses.
- The purchase increased SATA shares outstanding by 402,541 to about 10.4 million shares.
- As of September 11, Strive held $204.2 million in cash and 505,000 shares of Strategy's STRC preferred stock, valued at about $49.8 million.
SEC Filing Confirms the Transaction
According to a filing with the US Securities and Exchange Commission (SEC), Strive acquired the Bitcoin over four days. The SEC is a government agency that oversees financial markets in the United States.
Stock Performance and Market Comparisons
Strive's shares on Nasdaq rose more than 7% to around $29 on Monday, extending a rally that has doubled the stock price over the past month. The company's market capitalization is now about $2.5 billion, surpassing Metaplanet's $1.9 billion, even though Metaplanet holds more Bitcoin.
Bitcoin's price was last trading at $78,823 according to Coingecko data.
Strive's Background and Ranking
Strive became the fifth-largest publicly traded corporate Bitcoin holder in late August after a 1,800-BTC purchase. It was co-founded in 2022 by Vivek Ramaswamy and became publicly traded in September 2025 following its merger with Asset Entities.
Future Outlook and Uncertainties
CEO Matt Cole mentioned it was "not out of the realm of possibility" for Strive to become the second-largest corporate Bitcoin holder by year-end, but he noted this is not his base case. This is an opinion and not a confirmed fact.
Why This Matters for Corporate Bitcoin Adoption
Strive's continued accumulation of Bitcoin shows how companies are using cryptocurrency as a treasury asset. This purchase demonstrates that preferred stock can fund such acquisitions without using cash reserves.