Strive Adds 469 Bitcoin, Reaching 25,000 BTC Treasury

Strive, a publicly traded Bitcoin treasury manager, bought 469 Bitcoin between September 8 and September 11, raising its total holdings to 25,000 BTC.

Purchase details

The acquisition cost roughly $36.6 million, at an average price of $77,954 per Bitcoin, including fees and expenses. The transaction was financed solely through proceeds from sales of SATA, Strive’s perpetual preferred stock.

Funding and related assets

SATA’s notional value now exceeds $1 billion, with shares outstanding increasing by 402,541 to about 10.4 million during the same period. Strive also reported $204.2 million in cash and cash equivalents and a holding of 505,000 STRC preferred shares valued at approximately $49.8 million.

Market position

Following a prior 1,800‑BTC purchase in late August, Strive became the fifth‑largest publicly traded corporate Bitcoin holder, surpassing exchange Bullish. Its Nasdaq‑listed shares rose over 7 % to around $29, pushing its market capitalization to about $2.5 billion, ahead of Japanese treasury firm Metaplanet.

Future outlook

Strive’s warrants expiring in mid‑October have an exercise price of $27 per share, which could generate more than $700 million in new capital if exercised. CEO Matt Cole noted that becoming the second‑largest corporate Bitcoin holder by year‑end is possible, though not the base case.