TL;DR:
- Strive purchased 1,355 BTC for $107.7 million at an average price of $79,475, raising its total Bitcoin holdings to 26,355 BTC.
- The company said warrant exercises generated $21.2 million in gross proceeds, while 57.7% of total capital raised came from SATA when those proceeds were included.
- Bitcoin’s surge above $85,000 lifted the value of Strive’s treasury above $2.2 billion as the company continued its rapid accumulation strategy during September 2026.
Strive has expanded its Bitcoin treasury again, purchasing 1,355 BTC for $107.7 million as Bitcoin climbed above $85,000. In a public update, Chairman and CEO Matt Cole said the company paid an average $79,475 per coin, lifting total holdings to 26,355 BTC. The purchase adds another large block of Bitcoin to Strive’s balance sheet while BTC trades well above the company’s latest acquisition price. The announcement also showed warrant exercises generated $21.2 million in gross proceeds during the previous week, while 57.7% of total capital raised came from SATA when those proceeds were included.
Strive acquired 1,355 $BTC for $107.7M at an average cost of $79,475 per bitcoin, bringing total holdings to ₿26,355.
Warrant exercises began last week, generating $21.2M in gross proceeds. Including those proceeds, 57.7% of total capital raised came from SATA.$ASST$SATApic.twitter.com/UfrI1mRw3f
— Matt Cole (@ColeMacro) September 21, 2026
Strive Keeps Building Its Bitcoin Treasury
The latest acquisition continues a rapid accumulation pattern that has pushed Strive’s Bitcoin holdings higher throughout September. The company bought 469 BTC for $36.6 million the previous week, making the new 1,355 BTC purchase almost three times larger by coin count. Strive’s strategy remains centered on expanding its Bitcoin treasury through capital structures designed to avoid traditional debt financing. Its SATA preferred equity program has become an important source of capital, reinforcing an approach that links corporate fundraising directly with recurring Bitcoin purchases. The company has continued announcing new acquisitions frequently rather than pausing as market conditions shifted.
Including the latest transaction, Strive now holds 26,355 BTC, giving the company a position worth more than $2.2 billion with Bitcoin trading above $85,000. The rally has quickly increased the market value of Strive’s treasury because the company accumulated its newest coins below the current BTC price. The move also follows an earlier 1,375 BTC purchase at an average $79,281, showing that Strive has continued adding exposure even as Bitcoin moved through a volatile September. The latest average purchase price also sits only slightly above that earlier acquisition level.
Bitcoin itself has gained roughly $10,000 in less than a week after falling toward $75,000 following the failed Senate vote on the CLARITY Act and the Federal Reserve’s subsequent rate increase. Strive’s purchase therefore arrives during a sharp market rebound rather than a period of depressed prices. That timing may draw additional attention to its Bitcoin treasury strategy, especially as the company continues converting fresh capital into BTC. The latest acquisition further separates Strive from firms that have slowed treasury purchases during recent market volatility, while highlighting how rapidly corporate Bitcoin exposure can grow when financing remains readily available.