Strive, a top-five Bitcoin treasury company and asset manager, purchased 469 Bitcoin for approximately $36.6 million last week, bringing its holdings to 25,000 BTC, according to a Securities and Exchange Commission filing.
The Bitcoin was acquired between September 8 and September 11 at an average price of $77,954 per BTC, including fees and expenses. CEO Matt Cole stated that the purchase was funded entirely through proceeds from sales of SATA, the company's perpetual preferred stock, which has surpassed $1 billion in notional value outstanding.
As of September 11, Strive held $204.2 million in cash and cash equivalents alongside 505,000 shares of Strategy's STRC preferred stock, valued at approximately $49.8 million.
Market Performance and Position
Strive's Nasdaq-traded shares gained more than 7% on Monday to around $29, extending a rally that has seen the stock price more than double over the past month. The company's market capitalization reached approximately $2.5 billion, surpassing that of Metaplanet, a Japanese Bitcoin treasury company that holds substantially more Bitcoin.
Strive became the fifth-largest publicly traded corporate Bitcoin holder in late August following a 1,800-BTC purchase. The company was co-founded in 2022 and became a publicly traded Bitcoin treasury company in September 2025 following its merger with Asset Entities.
Warrant Exercise Potential
Strive's share price rally has pushed its stock above the $27 exercise price for warrants due to expire in mid-October. If warrant holders exercise them, the company could receive more than $700 million in new capital.
