Strive Adds 1,375 More Bitcoin, Pushing Holdings to 24,531 BTC as SATA Nears $1 Billion
Bitcoin treasury company Strive kept buying last week, adding another 1,375 BTC to its balance sheet and pushing further up the ranks of public companies stacking bitcoin as a reserve asset. Here’s the purchase in numbers:
- 1,375 BTC acquired between August 31 and September 4, per a Form 8-K filing with the SEC
- ~$109 million total cost, at an average price of roughly $79,281 per bitcoin
- 24,531 BTC — Strive’s new total holdings after the purchase
- 70% of the capital raised that week came from sales of Strive’s SATA perpetual preferred stock
- ~$999 million — SATA’s notional volume outstanding, closing in on the billion-dollar mark
CEO Matt Cole has framed the SATA program as the funding engine behind Strive’s accumulation strategy, using preferred stock issuance rather than diluting common shareholders or taking on straight debt to keep adding to the treasury. With SATA’s outstanding notional now sitting just under $1 billion, the company has built a substantial and recurring source of bitcoin-buying capital that doesn’t depend on the price of Strive’s common stock, $ASST, holding steady.
The purchase keeps Strive on pace in its stated goal of overtaking Twenty One Capital to become the second-largest corporate bitcoin treasury by the end of 2026, and the company has climbed to roughly fifth place globally by total holdings as of this latest buy. Whether that pace holds will depend on SATA continuing to attract buyers and on bitcoin’s price staying high enough to make each incremental purchase meaningfully accretive — but for now, Strive’s playbook of leaning on preferred-stock issuance to fund treasury growth is compounding one purchase at a time. Readers who want to understand how corporate bitcoin treasuries, preferred stock financing, and accumulation strategies actually work can start with coin680’s Bitcoin Academy.
This article is for informational purposes only and does not constitute financial or investment advice. Corporate bitcoin treasury strategies carry significant price and financing risk — always do your own research before making investment decisions.