Key points

• Strive bought 1,107 BTC for about $94.5 million between Sept. 21 and Sept. 25 at an average of $85,396 per coin including fees, per a Form 8-K filed Monday with the SEC.
• Holdings now total 27,462 BTC, worth about $2.3 billion at Friday's closing price of $83,943.
• CEO Matt Cole said warrant exercises generated $12.4 million and that 85% of total capital raised came from SATA preferred stock.
• SATA's share count rose by roughly 1 million to 12.2 million, giving it a notional value of about $1.22 billion at its $100 stated amount.
• Strive ranks fifth among public bitcoin holders, behind Strategy, Twenty One Capital, Metaplanet and MARA, according to Bitcoin Treasuries data.

Strive bought 1,107 bitcoin for about $94.5 million between 21 and 25 September, according to a Form 8-K filed with the SEC on Monday, as Decrypt reports. The Dallas-based asset manager paid an average of $85,396 per coin including fees, and its holdings now total 27,462 BTC.

At Friday's closing price of $83,943, that stash is worth about $2.3 billion, the company said. The purchase was smaller than the prior week's, when Strive's holdings grew by 1,355 BTC based on earlier filings.

Preferred stock again covered most of the cost. CEO Matt Cole wrote on X that warrant exercises generated another $12.4 million and that, including those proceeds, 85% of total capital raised came from SATA. SATA is Strive's variable-rate perpetual preferred stock, which pays dividends and lets the company raise money with less dilution for common shareholders.

Strive adds 1,107 BTC

The filing shows SATA's share count rose by roughly 1 million during the week to 12.2 million. At its $100 stated amount, that puts SATA's notional value at about $1.22 billion. Class A common shares rose by about 649,000, and Strive's cash pile grew by $19.2 million to $248.8 million.

Strive leans heavily on SATA to fund its buying. Its 469 BTC purchase earlier this month, which lifted holdings to an even 25,000 coins, was paid for entirely with the preferred stock. A $109 million purchase in early September split funding 70/30 between SATA and common stock.

Strive ranks fifth among public bitcoin holders, behind Strategy, Twenty One Capital, Metaplanet and MARA, according to Bitcoin Treasuries data. To catch Twenty One's 43,514 BTC by year-end, it would need about 16,050 more coins, or roughly 1,235 a week.

Preferred stock funds purchase

Rival treasury firms also disclosed purchases on Monday. Strategy added 1,665 BTC for $142.7 million, pushing its holdings to a record 847,666 BTC. Tom Lee's Bitmine picked up 17,362 ETH worth about $47 million, bringing it to 4.9% of Ethereum's supply.

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