Strive has purchased 2,000 Bitcoin for approximately $169 million, marking the publicly traded company’s largest acquisition of the cryptocurrency in four months and lifting its holdings to 29,462 BTC.
According to Decrypt, Strive bought the coins between Sept. 28 and Oct. 2 at an average price of about $84,422 each, based on a filing with the U.S. Securities and Exchange Commission. The transaction was the company’s biggest Bitcoin purchase since it acquired 2,500 BTC between May 23 and June 1.
Holdings approach 30,000 Bitcoin
Strive’s Bitcoin holdings stood at 29,462 BTC on Oct. 2. The company said its holdings had increased 48% since July 2. At an average market value of roughly $86,000 per coin, the holdings were worth about $2.5 billion.
The company’s average cost basis was approximately $90,170 per Bitcoin at the end of September. That was above the roughly $86,000 level at which Bitcoin traded on Monday, meaning the position was worth less than its purchase cost on paper at that point.
Strive describes itself as a Bitcoin treasury company. Such businesses raise capital and hold Bitcoin as a central corporate asset rather than keeping the funds entirely in cash. Strive’s Bitcoin position expanded after it agreed in September 2025 to acquire Semler Scientific, a healthcare technology company that held about 5,000 BTC. Shareholders approved the transaction in January, creating a combined holding of approximately 12,800 BTC.
Strive held 14,557 Bitcoin by late April and 20,246 BTC by mid-August, according to the reported figures. It now ranks fifth among public companies tracked by Bitcoin Treasuries, behind Strategy, Twenty One Capital, Metaplanet and MARA. Twenty One Capital holds 43,514 Bitcoin, putting it 14,052 BTC ahead of Strive.
Preferred stock helps fund expansion
The latest filing did not specify how the newest purchase was financed. In recent weeks, however, Strive has raised much of its capital through SATA, a preferred stock that gives holders priority for dividend payments over ordinary shareholders.
SATA accounted for 70% of the company’s capital raised in the week ending Sept. 4 and 85% in the week ending Sept. 25. Each share has a stated value of $100, and Strive currently pays about 13% annually. The rate can change, and the company said dividends would begin being paid every business day from June 16.
Because Bitcoin does not generate interest, those dividend payments must be funded from Strive’s cash or from additional capital raising. The filing listed $284.7 million in cash and no debt.
Current Bitcoin market picture
Moneyiar data at 10:34 a.m. on Oct. 7, 2026, showed Bitcoin at $83,734.23, down 2.69% over 24 hours and 0.13% over seven days. At that price, Bitcoin was below both Strive’s latest purchase average of $84,422 and its end-September average cost of $90,170.
Strive’s ordinary shares trade on the Nasdaq, giving investors exposure to a company whose assets include Bitcoin through a conventional brokerage account. SATA, meanwhile, is a preferred security issued by the Bitcoin-holding company and carries its stated dividend terms.
