Strive adds $109M in Bitcoin through SATA funding

Strive purchased another 1,375 Bitcoin for approximately $109 million between Aug. 31 and Sept. 4, raising its corporate holdings to 24,531 BTC.

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. 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 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.

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.

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.

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.

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.

The company's next SEC filing will show whether SATA crossed $1 billion in notional value and whether Strive maintained its recent purchasing pace.

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