Key Highlights
- Between September 21 and September 25, Strive purchased 1,107 BTC totaling $94.5 million.
- The company’s bitcoin treasury now holds 27,462 BTC, valued at approximately $2.3 billion.
- Among public companies, Strive ranks fifth in bitcoin holdings.
- SATA perpetual preferred stock contributed 85% of last week’s funding.
- Year-to-date, ASST shares have climbed nearly 70%, despite modest Monday losses.
Shares of Strive (ASST) hovered around $29.35 during Monday trading, experiencing a minor decline. The modest pullback occurred as the bitcoin treasury enterprise announced its latest cryptocurrency acquisition.
During the four-day period from September 21 through September 25, Strive secured 1,107 BTC. The firm’s average purchase price reached $85,396 per bitcoin, amounting to a $94.5 million investment.
Details of the transaction surfaced in a Form 8-K document submitted to the Securities and Exchange Commission. CEO Matt Cole separately acknowledged the acquisition through a statement on X.
With this addition, Strive’s aggregate bitcoin position has expanded to 27,462 BTC. Based on prevailing market rates, this cryptocurrency reserve carries a value near $2.3 billion.
Bitcoin experienced downward pressure over the weekend, touching a seven-day low around $83,000 late Sunday. The digital asset registered approximately 2% losses during Monday’s session.
Capital Raising Strategy Behind Bitcoin Purchases
The majority of Strive’s funding last week originated from its SATA perpetual preferred stock offerings. SATA instrument sales represented 85% of total capital secured, a notable increase from the previous week’s 58% contribution.
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Strive bought an additional 1,107 Bitcoin at an average price of ~$85,396, bringing its total holdings to 27,462 BTC. pic.twitter.com/UCcXUbEVuO
— CoinMarketCap (@CoinMarketCap) September 28, 2026
Additional funding of $12.4 million came through warrant exercises. This represented a decrease compared to the $21.2 million generated via warrants in the preceding week.
Despite the aggressive bitcoin buying campaign, the firm’s liquid assets expanded. Cash and cash equivalents increased from $229.6 million to $248.8 million, per the regulatory disclosure.
Beyond bitcoin, Strive maintains a position in 505,000 units of Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, designated as STRC. This investment provides supplementary cryptocurrency market exposure within the company’s asset portfolio.
The STRC position complements the firm’s primary bitcoin accumulation. Combined, these two holdings form the cornerstone of Strive’s treasury management approach.
The Push for Runner-Up Status
In terms of public company bitcoin ownership, Strive currently occupies the fifth position. Strategy, Twenty One, Metaplanet, and MARA each maintain larger holdings.
CEO Cole has suggested Strive might achieve second-place status before 2026 concludes. However, he emphasized this projection doesn’t represent the company’s most likely scenario.
Surpassing Twenty One’s 43,514 BTC would require Strive to acquire an additional 16,053 coins. With only 13 weeks remaining in the year, this target translates to approximately 1,235 BTC weekly.
The company’s recent acquisition rate falls short of this benchmark. Last week’s 1,107 BTC purchase follows a 1,355 BTC acquisition the previous week.
Other cryptocurrency treasury companies have also been actively accumulating. Strategy secured 1,665 BTC, while Bitmine expanded its Ethereum position by 17,362 ETH, pushing its total holdings beyond 6 million coins.
Year-to-date performance shows Strive stock climbing nearly 70%. In contrast, Strategy shares have declined 6% over the same period, and Twenty One stock has dropped 26%.
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