Strive, a Nasdaq-listed asset manager, acquired 1,375 BTC between August 31 and September 4. The company paid approximately $109 million for the coins at an average price of $79,281 per unit, bringing its total holdings to 24,531 BTC.
The purchase was primarily funded through the issuance of SATA, the company's Variable Rate Series A Perpetual Preferred Stock. This instrument now accounts for $999 million in notional value outstanding and offers a fixed annual dividend of 13%.
According to the firm's leadership, Strive has achieved three consecutive weeks of Bitcoin holdings growth exceeding 5%. Over the past three weeks, the total stack increased by 21.1%, rising from 20,245 BTC to the current 24,531 BTC.
Strive currently ranks as the fifth-largest corporate Bitcoin treasury globally. The company, which went public in September 2025 following a merger with Asset Entities, continues to utilize a mix of common stock and preferred shares to finance its ongoing acquisition strategy.
The firm maintains a cash position of $202.6 million. Additionally, management noted that outstanding warrants could potentially provide up to $1.4 billion in further capital to support future Bitcoin purchases.
