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.
A buying streak picks up pace
Strive has disclosed bitcoin purchases on a near-weekly cadence since it adopted the strategy. Its previous disclosed buy — 469 bitcoin announced around September 15 — brought the treasury to 25,000 coins in mid-September. The latest addition is more than double that amount and takes the stack to 26,355 bitcoin, underscoring that the firm has been increasing rather than tapering its purchases even as the token’s price climbed toward multi-month highs.
Corporate treasuries keep stacking
Strive is not the only public company adding bitcoin this month. Strategy disclosed a 950-bitcoin purchase on September 21, its first since August. The parallel disclosures show how a small group of publicly traded firms has turned bitcoin into a recurring balance-sheet allocation, bought on a schedule rather than timed to the market. Neither firm offered guidance on how much more it intends to accumulate, leaving the pace of fourth-quarter corporate bitcoin buying an open question.