TheBlock
Strive bought 1,107 BTC for approximately $94.5 million between Sept. 21 and Sept. 25, paying an average of $85,396 per bitcoin. The purchase lifted its holdings to 27,462 BTC, according to a Monday Form 8-K filing with the SEC.
Why it matters
Strive is the world's fifth-largest public Bitcoin holder, behind Strategy, Twenty One, Metaplanet and MARA. CEO Matt Cole has said the company could potentially reach second place by the end of 2026, though he does not consider that the base case.
The target would require substantial further accumulation. Strive needs another 16,053 BTC to pass Twenty One's current 43,514 BTC holdings, assuming Twenty One makes no additional purchases. With 13 full weeks left in the year, Strive would need to acquire an average of roughly 1,235 BTC per week to reach that mark.
Market impact
The latest addition was smaller than the prior week's 1,355 BTC purchase. Strive continued raising capital through SATA perpetual preferred stock sales and the exercise of outstanding warrants. Warrant exercises generated $12.4 million in gross proceeds, down from $21.2 million a week earlier, while SATA sales provided 85% of the capital raised, up from 57.7%.
Bitcoin was trading near a one-week low of $83,000 after falling Sunday night. Strive's common stock, ASST, was down 0.3% Monday at $29.35, but remained up nearly 70% year to date. Strategy's MSTR was down 6% and Twenty One's XXI had lost 26% over the same period.
Frequently asked questions
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How much Bitcoin did Strive buy, and at what average price?
Strive bought 1,107 BTC for approximately $94.5 million, paying an average of $85,396 per bitcoin.
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How much Bitcoin does Strive hold after the purchase?
Strive reported holdings of 27,462 BTC after the latest purchase.
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What would Strive need to do to pass Twenty One's Bitcoin holdings?
It would need another 16,053 BTC to exceed Twenty One's current 43,514 BTC, assuming Twenty One makes no additional purchases.
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How is Strive funding its Bitcoin purchases?
Strive raised capital through SATA perpetual preferred stock sales and warrant exercises. SATA sales accounted for 85% of capital raised in the reported week.
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How did Strive, Strategy and Twenty One shares perform year to date?
ASST was up nearly 70% year to date, while Strategy's MSTR was down 6% and Twenty One's XXI had lost 26%.
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