Crypto news report · source clearly identified
Strive’s Bitcoin Holdings Reach 25,000 BTC After $36.6 Million Purchase
Asset manager Strive increased its Bitcoin stash to exactly 25,000 BTC, financing the $36.6 million acquisition through a preferred‑stock issuance and pushing the SATA fund’s notional value above $1 billion for the first time.
Strive, an asset‑management firm, announced that its Bitcoin allocation now stands at a round 25,000 BTC following a recent purchase worth $36.6 million. The transaction was fully funded by issuing preferred stock, a move that lifted the notional value of the Strive Alternative Token Allocation (SATA) fund past the $1 billion milestone.
Funding Mechanism
The entire $36.6 million outlay was covered by a preferred‑stock issuance, allowing Strive to acquire the Bitcoin without tapping existing cash reserves.
Impact on SATA Fund
With the new Bitcoin acquisition, the SATA fund’s total notional value exceeded $1 billion for the first time, marking a significant scale‑up for the vehicle.
Market Context
At the time of reporting, Bitcoin was trading around $76,922, down 1.12% on the day, while other major cryptocurrencies showed mixed price movements.
Source & attribution
News Source
- Publisher
- Decrypt
- Original date
- September 15, 2026, 9:01 AM
- Original headline
- Strive's Bitcoin Stash Hits an Even 25,000 BTC After $36.6 Million Buy