Strive disclosed that between August 31 and September 4, the company acquired an additional 1,375 bitcoins, investing approximately $109 million, increasing its corporate bitcoin holdings to 24,531 bitcoins. According to an 8-K filing submitted to the U.S. Securities and Exchange Commission on September 8, the weighted average purchase price for these bitcoins was approximately $79,281 per bitcoin.
Total purchases over two weeks: 3,175 coins
In the previous week, Strive also purchased 1,800 bitcoins, costing approximately $143 million. Combined with the previously disclosed purchase, the company has acquired a total of 3,175 bitcoins over two reporting periods, with a total investment of approximately $252 million.
Based on the market price of Bitcoin at approximately $79,300 on September 9, the current market value of Strive’s holdings of 24,531 Bitcoin is approximately $1.95 billion. However, this figure represents the current valuation of the holdings and does not equate to the company’s total historical cost.
Primary funding comes from SATA preferred shares.
Company CEO Matt Cole stated that approximately 70% of the funding for the week came from the sale of SATA preferred shares. The 8-K filing confirmed an increase in the number of preferred shares but did not explicitly state this percentage.
SATA is Strive's floating-rate Series A perpetual preferred stock with no maturity date, paying dividends based on a floating rate per $100 par value. This security trades separately on Nasdaq, distinct from Strive's common stock, ASST.
Despite completing $109 million in Bitcoin purchases during the week, Strive’s cash and cash equivalents increased by $19.1 million to $202.6 million. Meanwhile, the company’s holdings of preferred shares in STRC under Strategy remained unchanged at 505,000 shares, but their fair value increased by $212,000 to approximately $494 million.
Rank among the top two corporate crypto holders this year
Strive is striving to further improve its position on the list of public companies with the largest Bitcoin holdings. Twenty One Capital remains ahead, while Strategy continues to lead other public companies with 845,050 Bitcoin.
Matt Cole previously stated that Strive could become the second-largest corporate Bitcoin holder by the end of 2026, but this is not his baseline expectation. Estimating approximately 16 weeks remaining in the year, Strive would need to acquire about 1,200 Bitcoin per week—assuming competitors cease purchasing—to overtake them.
Additional information: The SEC filing does not disclose the total cost basis of all 24,531 bitcoins, nor does it specify the associated wallet addresses. The company’s next filing will also indicate whether SATA’s notional size has exceeded $1 billion.