Strive purchased another 1,375 Bitcoin for approximately $109 million between Aug. 31 and Sept. 4, raising its corporate holdings to 24,531 BTC.
Summary
- Strive purchased 1,375 bitcoin for approximately $109 million during the week ending September 4, 2026.
- The company held 24,531 BTC after paying an average $79,281 for each acquired bitcoin overall.
- SATA shares outstanding rose by 921,511, bringing their total to nearly ten million shares Friday.
- Cash and equivalents increased $19.1 million to $202.6 million while STRC holdings remained unchanged weekly.
- Strive issued additional common and preferred shares while expanding its corporate Bitcoin treasury during the week.
The Dallas-based company paid an average of $79,281 per Bitcoin, including fees and expenses, according to a Sept. 8 Form 8-K filing with the U.S. Securities and Exchange Commission.
The Strive Bitcoin purchase followed its acquisition of 1,800 BTC during the previous week. Across the two reporting periods, the company bought 3,175 BTC for approximately $252 million.
Strive’s Bitcoin holdings reach 24,531 BTC
Strive’s treasury increased from 23,156 BTC on Aug. 28 to 24,531 BTC on Sept. 4. The latest acquisition represented weekly growth of approximately 5.9%.
As crypto.news previously reported, Strive bought 1,800 BTC for $143 million between Aug. 24 and Aug. 28. That transaction lifted its holdings above Bullish and made Strive one of the five largest publicly traded corporate Bitcoin holders.
Strive paid $79,431 per coin for that earlier purchase. Its latest average cost of $79,281 was about $150 lower, although both transactions occurred within a narrow price range.
Bitcoin traded near $79,300 on Sept. 9. At that price, Strive’s 24,531 BTC would have a market value of approximately $1.95 billion. That figure is a current valuation rather than the company’s total historical acquisition cost.
The SEC filing did not provide Strive’s aggregate cost basis for all 24,531 BTC. It also did not identify the wallets holding the coins, preventing independent on-chain verification of the full balance.
SATA provided most of the weekly capital
Chief Executive Matt Cole said approximately 70% of the capital raised during the week came from sales of Strive’s SATA preferred stock. The SEC filing confirms the increased preferred share count but does not provide that percentage.
SATA shares outstanding increased by 921,511, from 9,073,914 to 9,995,425. At the security’s $100 stated amount, the outstanding shares represented approximately $999.5 million in notional value.
“Time to break the billion-dollar wall,” Cole wrote in an X post. Reaching that level would require the outstanding total to exceed 10 million shares, assuming the calculation continues using SATA’s stated amount.
SATA is Strive’s Variable Rate Series A Perpetual Preferred Stock. It has no maturity date and carries a variable dividend calculated against its $100 stated amount. The security trades on Nasdaq separately from Strive’s ASST common shares.
The company uses an at-the-market program to issue SATA gradually. Its policy is not to sell new preferred shares below the $100 stated amount. Trading at or above that level therefore allows Strive to raise capital for additional Bitcoin purchases.
In related coverage, SATA’s return to its $100 stated value reopened Strive’s funding channel. Market-based estimates suggested the program could finance about 1,192 BTC, but those projections did not represent confirmed purchases.
Common share issuance also increased Strive’s capital
Strive’s Class A common shares increased by 2,226,612 during the week, reaching 85,696,647. Class B shares declined by 554,624, leaving the effective common share count at 94,934,558.
The company’s assumed fully diluted share count rose by 1,625,200 to 98,148,551. That figure includes effective common shares, employee options and unvested stock awards but excludes shares underlying traditional warrants.
These changes show that Strive did not finance its Bitcoin accumulation solely through preferred stock. Common share issuance also supplied capital, although the filing did not disclose how much cash each financing channel generated.
Additional common shares dilute existing shareholders’ ownership. SATA avoids direct common share issuance but creates a senior dividend obligation that must be funded before distributions to common shareholders.
Strive’s cash and cash equivalents increased by $19.1 million to $202.6 million despite the $109 million Bitcoin purchase. Its holdings of Strategy’s STRC preferred stock remained unchanged at 505,000 shares, although their reported fair value increased by $212,000 to approximately $49.4 million.
ASST closed Sept. 8 at $27.16, up approximately 0.2% for the session. The shares traded between $25.60 and $27.63. The closing performance differed from an early-session decline reported shortly after the market opened.
Strive’s second-place target remains uncertain
Strive is seeking to move higher among corporate Bitcoin holders. Twenty One Capital remains ahead, while Strategy holds 845,050 BTC and maintains a wide lead over every other public company.
Cole has said Strive could finish 2026 as the second-largest corporate holder, but he described that outcome as possible rather than his base case. With roughly 16 weeks remaining in the year, Strive would need to acquire about 1,200 BTC weekly to overtake Twenty One if the rival company made no further purchases.
That calculation is inherently uncertain. Twenty One could continue buying Bitcoin, Bitcoin prices could change Strive’s financing capacity, and SATA may not remain at a level that supports continued issuance.
Strive also had more than $700 million in outstanding warrants as of its latest discussion. Management estimated those warrants could eventually provide up to $1.4 billion for additional Bitcoin purchases. Exercise depends on the common stock remaining above relevant strike prices and investors choosing to use the warrants.
The company’s next SEC filing will show whether SATA crossed $1 billion in notional value and whether Strive maintained its recent purchasing pace. Further filings will also reveal how continued issuance changes its common and preferred share counts.
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