Strive acquired 469 bitcoin between September 8 and 11 at an average price of $77,954, spending $36.6 million and raising its total holdings to exactly 25,000 BTC, per a Form 8‑K filed September 14.
CEO Matt Cole noted that the entire purchase was funded by SATA, Strive’s preferred stock, which now exceeds $1 billion in notional value, up from $999 million the prior week.
The transaction represents a marked slowdown from the 1,375 BTC bought the previous week; to overtake Twenty One Capital’s holdings by year‑end, Strive would need to purchase roughly 1,234 BTC per week for the remaining 15 weeks of 2026.
Strive purchased 469 bitcoin last week, allocating $36.6 million to bring its total to an even 25,000 coins. The Nasdaq‑listed asset manager paid an average of $77,954 per bitcoin from September 8 through September 11, according to a Form 8‑K submitted to the SEC on Monday. At current prices, the stake is valued at about $1.95 billion.
The funds came solely from preferred stock. “All of the capital raised originated from SATA, which now surpasses $1 billion notional,” Cole said on X. SATA is Strive’s Variable Rate Series A Perpetual Preferred Stock. “We raised the amplification ratio to 53.5 %,” he added.
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During the period, SATA shares outstanding increased by 402,541, lifting the stock’s $100‑stated notional value to approximately $1.04 billion—enough to cover the bitcoin purchase with a surplus, which is why cash rose slightly from $202.6 million to $204.2 million after the transaction.
Cole also highlighted that Strive’s “amplification ratio” climbed to 53.5 %, a metric the firm defines as notional preferred equity and debt relative to bitcoin net asset value. In effect, Strive now carries about $53.50 in preferred obligations for each $100 of bitcoin on its balance sheet.
The pace contrasts sharply with the prior week’s activity, when Strive bought 1,375 BTC for roughly $109 million at an average of $79,281 per coin—nearly triple last week’s amount—and funded the purchase 70 % via SATA and 30 % through common stock, rather than exclusively through preferred equity.
Strive acquired an additional 469 $BTC for $36.6M at an average cost of $77,954 per bitcoin, bringing total holdings to ₿25,000.
100% of the capital raised came from SATA, which now has over $1B notional outstanding. We increased amplification ratio to 53.5%.$ASST $SATA pic.twitter.com/Nu3EYIBS4R
— Matt Cole (@ColeMacro) September 14, 2026
Strive’s Class A common stock changed hardly at this time, increasing by only 34,206 shares. The structure allows the firm to raise capital without diluting existing shareholders, financing acquisitions through preferred stock that pays daily dividends instead. Strive’s holding of 505,000 shares in Strategy’s own preferred product, STRC, remained unchanged over the period.
Despite the purchase, Strive still lags far behind the leading corporate bitcoin holders. The company ranks fifth among public entities, behind Strategy, Twenty One Capital, Metaplanet, and MARA Holdings, according to Bitcoin Treasuries data.
Closing that gap will be costly. Twenty One Capital—the Tether‑backed firm whose CEO Jack Mallers resigned in July—holds 43,514 BTC, leaving it 18,515 coins ahead of Strive. With 15 weeks left in 2026, Strive would need to average roughly 1,234 BTC per week to bridge the distance before year‑end.
