Dallas-based asset manager Strive acquired 1,107 BTC between September 21 and September 25. The company paid an average price of $85,396 per coin, totaling an investment of $94.5 million. This purchase brings the firm's total Bitcoin holdings to 27,462 BTC, which were valued at approximately $2.3 billion based on the closing price of $83,943 on Friday.
The company primarily funded the acquisition through the issuance of variable-rate perpetual preferred stock, known as SATA. CEO Matt Cole noted that warrant exercises contributed an additional $12.4 million, and 85% of the total capital raised during the period originated from SATA. The number of SATA shares increased by approximately 1 million, reaching 12.2 million shares with a notional value of $1.22 billion.
Strive currently ranks fifth among public companies holding Bitcoin. According to data from Bitcoin Treasuries, the firm trails behind Strategy, Twenty One Capital, Metaplanet, and MARA. To reach the 43,514 BTC held by Twenty One Capital by the end of the year, Strive would need to acquire approximately 16,050 additional coins, averaging about 1,235 BTC per week.
Other treasury firms also reported recent activity. Strategy added 1,665 BTC to its portfolio for $142.7 million, bringing its total holdings to 847,666 BTC. Additionally, Bitmine acquired 17,362 ETH for approximately $47 million, which now accounts for 4.9% of the total Ethereum supply.
