Strive Acquires Additional 469 Bitcoin, Totaling 25,000 BTC

Strive Acquires 469 More Bitcoin

Strive has expanded its Bitcoin portfolio by acquiring an additional 469 coins, raising its total holdings to 25,000 BTC. The purchase, costing $36.6 million, took place between September 8 and September 11, as revealed in a Form 8-K submitted to the SEC.

Funding and Amplification Ratio

CEO Matt Cole announced that the entire funding for this acquisition was sourced from Strive's preferred stock, SATA, which has now exceeded a total value of $1 billion, up from $999 million the previous week. Cole highlighted that Strive's amplification ratio, reflecting the leverage of its preferred stock against Bitcoin holdings, now stands at 53.5%.

Current Valuation and Comparison

The value of Strive's Bitcoin holdings is currently estimated at approximately $1.95 billion, based on market prices. The recent purchase indicates a slowdown compared to the prior week's significant acquisition of 1,375 BTC for around $109 million. This earlier transaction was funded primarily through a mix of SATA and common stock.

Competitive Position in Bitcoin Holdings

Despite the recent increase, Strive ranks fifth among public companies in Bitcoin ownership, trailing behind major players like Twenty One Capital, which holds 43,514 BTC, leading to a gap of 18,514 coins. To catch up by the end of 2026, Strive will need to acquire approximately 1,234 BTC weekly in the remaining months.