Summary
- Between September 28 and October 2, Strive acquired 2,000 Bitcoin at an average price of approximately $84,422 each, marking its largest purchase since acquiring 2,500 BTC from May 23 to June 1.
- As of October 2, Strive's Bitcoin holdings reached 29,462 BTC, an increase of 48% since July 2, alongside $284.7 million in cash and no outstanding debt.
- The average cost for Strive was $90,170 per Bitcoin at the end of September, surpassing Monday's trading price of around $86,000.
Strive has made a significant move by purchasing 2,000 Bitcoin last week, representing its largest acquisition in four months.
The publicly traded company disclosed in a filing with the SEC that it paid an average of about $84,422 per coin during the period from September 28 to October 2, totaling around $169 million.
Myriad: Predict Bitcoin's future price. Click here to participate.Strive's previous major purchase involved 2,500 Bitcoin acquired between May 23 and June, which had raised its total holdings to 19,000 BTC.
Currently, Strive's Bitcoin holdings stand at 29,462 as of October 2. Based on an average price of about $86,000 per coin, this equates to approximately $2.5 billion.
Strive operates as a Bitcoin treasury company, a model where businesses raise capital from investors and invest it in Bitcoin rather than holding cash. In September 2025, Strive announced plans to acquire Semler Scientific, a healthcare tech firm that owns roughly 5,000 Bitcoin, thereby expanding its Bitcoin reserves.
Shareholders approved this acquisition in January, creating a combined Bitcoin stash of about 12,800 BTC. By late April, Strive's holdings had grown to 14,557 Bitcoin, and by mid-August, it had increased to 20,246 BTC.
The market has shifted positively, with last week's average price being approximately 41% higher than the July figure, contributing to a 48% increase in the dollar value of Strive's holdings since July 2.
How did Strive finance this acquisition? The filing does not specify this week, but it has recently raised a significant portion through the sale of SATA, a type of preferred stock that provides regular dividends, allowing for cash payouts ahead of common shareholders.
SATA contributed 70% of the capital in the week ending September 4 and 85% in the week ending September 25.
Each SATA share has a $100 stated value, and Strive currently offers a dividend yield of about 13% annually. This rate is adjustable, and the company indicated it would commence daily dividend payments starting June 16.
In essence, investors provide Strive with cash, and in return, Strive pays about $13 annually for each $100 share. Since Bitcoin yields no interest, these dividends must be funded from Strive's cash reserves or through further capital raises. The filing indicates Strive has $284.7 million in cash and no debt.
According to the filing, Strive's average cost per Bitcoin was $90,170 at the end of September, which is higher than the approximately $86,000 price at which Bitcoin traded on Monday, indicating a paper loss on its position.
For those unfamiliar with cryptocurrency, the investment model is straightforward. Strive's stock, traded on the Nasdaq, allows investors to gain exposure to Bitcoin through a traditional brokerage account, while SATA offers a dividend and is issued by a company that holds nearly 30,000 Bitcoin.
Strive ranks fifth among public Bitcoin holders, trailing behind Strategy, Twenty One Capital, Metaplanet, and MARA, according to Bitcoin Treasuries. Twenty One Capital currently holds 43,514 Bitcoin, leaving Strive 14,052 BTC short of that total.