Strive Buys 1,107 More Bitcoin, Bringing Holdings to 27,462

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Strive, a U.S. Bitcoin investment firm, bought 1,107 more Bitcoin for about $94.5 million.

According to a filing submitted to the U.S. Securities and Exchange Commission on September 28, the company bought the Bitcoin between September 21 and September 25 at an average price of $85,396 each. That increased its total holdings to 27,462 Bitcoin.

The latest purchase was slightly smaller than the 1,355 Bitcoin it bought a week earlier. Strive funded the purchase through sales of its perpetual preferred stock, SATA, and exercises of existing stock warrants.

Funds raised through warrant exercises totaled $12.4 million last week, down from $21.2 million the previous week. SATA sales, meanwhile, accounted for 85% of total funding, up from 57.7% a week earlier.

Strive now holds the fifth-largest Bitcoin stash among publicly traded companies worldwide, behind Strategy, Twenty One, Metaplanet and MARA. If it surpasses MARA, it will move up one spot in the rankings.