Strive has acquired 1,375 BTC for $109 million, boosting its holdings to 24,531 BTC and nearing $1 billion in preferred stock.
Strive's Significant Bitcoin Acquisition
Strive has made a substantial investment in Bitcoin, acquiring 1,375 BTC for approximately $109 million, which occurred between August 31 and September 4. This purchase, averaging $79,281 per Bitcoin, brings Strive's total Bitcoin holdings to 24,531 BTC, valued at around $1.9 billion at current market rates.
CEO Matt Cole shared insights on this recent acquisition, noting that 70% of the capital raised last week was sourced from SATA, Strive's preferred stock, which now has a notional value of $999 million, edging closer to the billion-dollar milestone.
Growth and Strategy
Strive's Chief Risk Officer, Jeff Walton, highlighted the firm's impressive growth, reporting a 5.9% increase in Bitcoin holdings week-on-week, marking three consecutive weeks of over 5% growth. In total, Strive's Bitcoin accumulation has surged by 21.1% over the past three weeks.
“Strive increased gross BTC holdings by 5.9% week over week,” Walton stated, emphasizing the firm's rapid growth trajectory.
This aggressive accumulation strategy is part of a broader trend among public companies investing in Bitcoin to leverage its potential for price appreciation over traditional business growth. Strive aims to compete with Twenty One Capital, which currently holds around 43,500 BTC.
Preferred Stock Model
The preferred stock strategy employed by Strive addresses the challenge of raising capital to support Bitcoin purchases without diluting existing shareholders. By selling SATA shares, which offer a fixed annual dividend of 13%, Strive can finance its Bitcoin acquisitions while providing consistent returns to its preferred shareholders.
However, this approach carries risks, as seen earlier this year when the stock value of a related strategy dropped significantly. Despite these challenges, Strive's SATA stock has remained stable, allowing the firm to continue its Bitcoin investments without major disruptions.
Future Prospects
Strive's position as the fifth-largest corporate Bitcoin treasury globally places it ahead of notable companies like SpaceX and Coinbase. Having only recently transitioned into Bitcoin investments, Strive's rapid growth trajectory reflects a strategic shift since becoming public in September 2025. The firm's cash position also saw an increase from $183.5 million to $202.6 million, with potential future acquisitions supported by over $700 million in outstanding warrants.
