Summary
- Strive purchased 469 Bitcoin from September 8 to 11 for a total of $36.6 million, raising its overall holdings to 25,000 BTC, as reported in a Form 8-K filed on September 14.
- According to CEO Matt Cole, the entire capital for this purchase was sourced from SATA, Strive's preferred stock, which has now surpassed $1 billion in total value, increasing from $999 million the previous week.
- This latest buy represents a notable decrease from the 1,375 BTC acquired the week before, with Strive now needing approximately 1,234 BTC weekly to match Twenty One Capital's holdings by the end of 2026.
Strive has successfully added 469 Bitcoin to its portfolio, investing $36.6 million to boost its total Bitcoin stash to 25,000 coins. The Nasdaq-listed asset manager acquired these Bitcoins at an average price of $77,954 each during the period from September 8 to September 11, as detailed in a Form 8-K submitted to the SEC on Monday. This acquisition values the entire Bitcoin holding at approximately $1.95 billion based on current market prices.
The funding for this purchase came entirely through Strive's preferred stock. CEO Matt Cole noted on X that "100% of the capital raised came from SATA, which now has over $1 billion notional outstanding." SATA refers to Strive's Variable Rate Series A Perpetual Preferred Stock. Additionally, Cole mentioned that the amplification ratio has increased to 53.5%.
Myriad: What's next for Bitcoin? Make your prediction.During this period, the number of SATA shares outstanding increased by 402,541, raising the preferred stock's stated notional value to about $1.04 billion. This amount was sufficient to cover the Bitcoin purchase while still allowing cash reserves to grow from $202.6 million to $204.2 million following the transaction.
Cole highlighted that Strive's amplification ratio, which reflects the comparison of notional preferred equity and debt to the net asset value of Bitcoin, now stands at 53.5%. This indicates that for every $100 of Bitcoin held, Strive has approximately $53.50 in preferred obligations.
The recent purchase marks a significant slowdown compared to the previous week, when Strive acquired 1,375 BTC for around $109 million between August 31 and September 4, at an average price of $79,281 each. This prior acquisition was nearly three times larger than the latest one and was funded 70/30 between SATA and common stock.
Strive acquired an additional 469 $BTC for $36.6M at an average cost of $77,954 per bitcoin, bringing total holdings to ₿25,000.
100% of the capital raised came from SATA, which now has over $1B notional outstanding.
We increased amplification ratio to 53.5%.$ASST $SATA pic.twitter.com/Nu3EYIBS4R— Matt Cole (@ColeMacro) September 14, 2026
Strive's Class A common stock saw only a minor increase of 34,206 shares. This strategy is designed to raise capital without diluting existing shareholders, relying on preferred stock that offers daily dividends. Strive maintained its 505,000-share stake in its own preferred product, STRC, throughout this period.
Despite the recent acquisition, Strive remains behind other corporate Bitcoin holders, ranking fifth among public companies in Bitcoin ownership, trailing behind Strategy, Twenty One Capital, Metaplanet, and MARA Holdings, as reported by Bitcoin Treasuries.
Closing this gap will require significant investment. Twenty One Capital, which is backed by Tether, currently holds 43,514 BTC, putting it 18,514 coins ahead of Strive. With only 15 weeks left in 2026, Strive must average around 1,234 BTC per week to catch up by year-end.