Strive Buys 1,355 Bitcoin, Lifting Treasury to 26,355 BTC

Strive, the Dallas-based bitcoin treasury company, disclosed on September 21 that it bought 1,355 bitcoin between September 14 and September 18, according to a Form 8-K filed with the U.S. Securities and Exchange Commission. The coins were acquired at an average price of about $79,475 each, including fees and expenses, lifting the firm’s total holdings from 25,000 to 26,355 bitcoin. The purchase extends a multi-month accumulation campaign that has made Strive one of the larger corporate bitcoin holders outside the mining sector.

A five-day buying window

At the reported average price, the 1,355 bitcoin represent a purchase of roughly $107.7 million. The filing’s holdings table shows cash and cash equivalents rising to $229.6 million from $204.2 million over the same period, while Class A common stock outstanding climbed by about 2.07 million shares. The increase suggests Strive kept issuing equity to fund its buying, a dynamic it shares with other publicly traded bitcoin treasuries that finance accumulation with stock sales rather than operating cash flow.

A treasury built on equity and bitcoin

The same filing shows Strive holding 505,000 shares of Strategy’s STRC preferred stock, valued at $49.7 million, alongside its bitcoin. The company also reported 11.18 million shares of its own SATA perpetual preferred stock outstanding, up from 10.40 million, and 97 million effective common shares. The balance sheet reflects a treasury company that layers bitcoin, preferred equity, and a cross-holding in a peer treasury into a single vehicle designed to amplify exposure to the asset’s price moves.