Strive has increased its Bitcoin holdings to more than 27,000 BTC after buying 1,107 coins for approximately $94.5 million, extending the Dallas-based asset manager’s campaign to build one of the largest cryptocurrency treasuries among publicly traded companies.
Purchase lifts Bitcoin treasury
The company acquired the Bitcoin between September 21 and September 25 at an average price of $85,396 per coin, including fees, according to a Form 8-K filed with the U.S. Securities and Exchange Commission. Decrypt first reported the transaction.
Strive said its total holdings now stand at 27,462 BTC. Based on Bitcoin’s closing price of $83,943 on Friday, the company valued the holdings at about $2.3 billion. The latest purchase was smaller than the previous week’s addition of 1,355 BTC, indicating that the pace of accumulation moderated over the period.
Strive is the fifth-largest public Bitcoin holder, according to Bitcoin Treasuries data. It trails Strategy, Twenty One Capital, Metaplanet and MARA. Twenty One holds 43,514 BTC, meaning Strive would need approximately 16,050 additional coins to overtake it. Based on the source material’s calculation, that would require purchases of about 1,235 BTC a week through the end of the year.
Preferred stock provides most of the funding
Strive financed the latest acquisition primarily through SATA, its variable-rate perpetual preferred stock. The security pays dividends and gives the company a way to raise capital with less dilution for holders of its common shares.
Chief Executive Matt Cole said on X that warrant exercises generated a further $12.4 million. Including that money, SATA accounted for 85% of all capital raised, according to Cole.
The number of SATA shares increased by roughly 1 million during the week to 12.2 million. At the stock’s stated value of $100, that represents a notional value of approximately $1.22 billion. Strive’s Class A common share count rose by about 649,000 over the same period.
The company also reported that its cash balance increased by $19.2 million to $248.8 million. Strive has relied heavily on SATA in earlier Bitcoin purchases: a 469-Bitcoin acquisition earlier in September was funded entirely with the preferred stock, while a $109 million purchase at the start of that month was financed 70% through SATA and 30% through common stock.
Market picture and wider treasury activity
Moneyiar market data recorded Bitcoin at $83,820.05 as of September 25, 2026, at 22:04 +03:30. The cryptocurrency was down 0.61% over 24 hours but up 3.2% over seven days.
Other corporate treasury buyers also disclosed transactions. Strategy added 1,665 BTC for $142.7 million, bringing its holdings to a record 847,666 BTC. Bitmine, led by Tom Lee, bought 17,362 ETH worth about $47 million, taking its holdings to 4.9% of Ethereum’s total supply.
Strive’s latest filing highlights how publicly traded companies are using securities issuance and other financing tools to accumulate digital assets. For Strive, the immediate result is a larger Bitcoin reserve and a position above the 27,000-BTC threshold, while its ranking remains behind the four larger public holders.
