Strive adds $109M in Bitcoin, holdings rise to 24,531 BTC

Dallas‑based Strive (NASDAQ: STRC) purchased an additional 1,375 Bitcoin between August 31 and September 4, 2026, for roughly $109 million. The acquisition increased the company’s corporate treasury to 24,531 BTC, a weekly growth of about 5.9%.

Purchase details and cost basis

The company paid an average of $79,281 per Bitcoin, including fees and expenses, according to a Form 8‑K filed on September 8. This average price was slightly lower than the $79,431 per coin paid for a prior purchase of 1,800 BTC between August 24 and August 28.

Financing through SATA preferred stock

Strive’s Variable Rate Series A Perpetual Preferred Stock (SATA) issued an additional 921,511 shares, bringing the total outstanding to nearly 10 million shares. At the $100 stated amount, the preferred shares represent roughly $999.5 million in notional value. CEO Matt Cole indicated that about 70% of the week’s capital came from sales of SATA preferred stock, though the filing did not disclose the exact percentage.

Common share issuance and cash position

Class A common shares increased by 2,226,612, while Class B shares fell by 554,624, resulting in a fully diluted share count of 98,148,551. Despite the $109 million Bitcoin purchase, cash and cash equivalents rose by $19.1 million to $202.6 million.

Valuation and market context

With Bitcoin trading near $79,300 on September 9, Strive’s 24,531 BTC would be valued at approximately $1.95 billion. The filing did not provide the total historical cost basis for the entire Bitcoin balance, nor did it identify the wallets holding the coins.

Outlook among corporate Bitcoin holders

Strive now ranks among the five largest publicly traded corporate Bitcoin holders. To become the second‑largest holder, it would need to acquire roughly 1,200 BTC per week for the remainder of 2026, assuming competitors do not increase their purchases.

Future financing potential

The company has over $700 million in outstanding warrants that could generate up to $1.4 billion if exercised, subject to stock price conditions.