Strive's Bitcoin Stash Hits an Even 25,000 BTC After $36.6 Million Buy

In brief

• Strive bought 469 Bitcoin between Sept. 8 and Sept. 11 at an average price of $77,954, spending $36.6 million and lifting its total holdings to an even 25,000 BTC, according to a Form 8-K filed Sept. 14.
• CEO Matt Cole said 100% of the capital came from SATA, Strive's preferred stock, which crossed $1 billion in notional value outstanding, up from $999 million a week earlier.
• The buy marks a sharp slowdown from the 1,375 BTC purchased the prior week; Strive now needs roughly 1,234 BTC a week for the rest of 2026 to catch Twenty One Capital's stack.

Strive bought 469 Bitcoin last week, spending $36.6 million to bring its total holdings to an even 25,000 coins. The Nasdaq-listed asset manager paid an average of $77,954 per Bitcoin between Sept. 8 and Sept. 11, according to a Form 8-K filed with the SEC on Monday. That values the stack at roughly $1.95 billion at current prices.

The purchase came entirely from preferred stock. “100% of the capital raised came from SATA, which now has over $1B notional outstanding,” CEO Matt Cole said on X. SATA is Strive's Variable Rate Series A Perpetual Preferred Stock. “We increased amplification ratio to 53.5%,” Cole wrote.

SATA shares outstanding rose by 402,541 during the period, taking the preferred stock's $100-stated notional value to roughly $1.04 billion—enough to cover the Bitcoin bill with change left over, which is why cash still ticked up, from $202.6 million to $204.2 million, even after the buy.