Catenaa, Monday, September 14, 2026-Strive acquired another 1,375 bitcoin for about $109 million last week, lifting its holdings to 24,531 BTC as the company expands its corporate Bitcoin treasury.
The Nasdaq-listed company bought the bitcoin between August 31 and September 4 at an average price of $79,281 per coin, according to a filing with the Securities and Exchange Commission.
The purchase moves Strive closer to its stated ambition of challenging Twenty One Capital for the position of second-largest public Bitcoin treasury company.
Strive also reported rapid growth in SATA, its perpetual preferred stock used to help finance additional bitcoin purchases.
Chief Executive Matt Cole said about 70% of the capital raised during the week came from SATA sales.
SATA reached nearly $999 million in notional value outstanding, putting the preferred security close to the $1 billion mark.
The number of SATA shares outstanding increased by 921,511 during the week to nearly 10 million shares.
SATA traded around its intended $100 par value on Tuesday.
Strive’s cash and cash equivalents also increased from $183.5 million to $202.6 million.
The company made no change to its holding of 505,000 shares of Strategy’s STRC preferred stock.
The latest Bitcoin purchase continues Strive’s effort to expand its treasury without relying solely on common-stock issuance.
Preferred securities have become an increasingly visible financing tool among public companies using their balance sheets to accumulate digital assets.
SATA gives investors an income-oriented security while allowing Strive to raise capital that can be directed toward Bitcoin purchases.
The approach follows financing methods developed by Strategy, the world’s largest corporate holder of bitcoin.
Strategy has used common equity, convertible debt and several preferred-stock products to build a Bitcoin treasury that now exceeds 845,000 BTC.
Strive remains far smaller but has been increasing its holdings quickly.
The company now holds 24,531 BTC following the latest acquisition.
That total keeps Strive in contention to overtake Twenty One Capital before the end of 2026.
The Block estimated Strive would need to acquire roughly 1,200 BTC per week during the remaining weeks of the year to move ahead, assuming Twenty One does not add to its holdings.
The latest 1,375 BTC purchase exceeds that weekly pace.
Cole previously said becoming the second-largest public Bitcoin holder this year was possible, though he did not present it as the company’s expected outcome.
Strive could also receive additional purchasing power from outstanding warrants.
The company has more than $700 million in warrants outstanding, which Cole has estimated could generate as much as $1.4 billion for further bitcoin purchases.
Whether that capital becomes available will depend partly on Strive’s share price and warrant exercises.
Strive shares briefly rose above the warrants’ $27 exercise price on Friday, reaching as high as $27.27.
The stock later fell about 3.5% to roughly $26.20 shortly after Tuesday’s market open.
The company’s accumulation campaign is unfolding during renewed volatility in Bitcoin.
Bitcoin recovered to about $74,300 after falling to $73,700, its lowest level in six days, according to market data cited by The Block.
The cryptocurrency had briefly traded above $82,300 on Thursday.
Strive’s average purchase price of $79,281 therefore stood above Bitcoin’s market price when the company disclosed the transaction.
Corporate treasury companies generally focus on long-term accumulation rather than short-term gains on individual purchases.
Their performance can instead depend on how efficiently they raise capital and increase bitcoin holdings on a per-share basis.
Strive’s increasing use of SATA indicates that preferred equity is becoming a larger part of that funding strategy.
The approach may also reduce immediate reliance on common-share sales, which can dilute existing shareholders.
Preferred stock creates different obligations, including dividend payments, and can carry higher financing costs.
The structure nevertheless allows companies to attract investors seeking yield rather than direct exposure to common-stock price movements.
Strategy, meanwhile, made no bitcoin purchases or sales last week.
The company continues to hold 845,050 BTC, maintaining a wide lead over every other publicly traded corporate Bitcoin holder.
Instead of buying more bitcoin, Strategy repurchased $176 million of its STRC preferred stock.
It also doubled its Digital Credit Securities Repurchase Program from $1 billion to $2 billion.
Strategy reported $6.5 billion in U.S. dollar assets as of September 7.
The contrast illustrates different stages in the corporate Bitcoin treasury model.
Strategy is managing a mature portfolio of Bitcoin and multiple securities, while Strive remains in a faster accumulation phase.
Strive’s latest purchase strengthens that expansion strategy while bringing SATA to the edge of a $1 billion financing milestone.
If the company maintains its recent acquisition pace, the gap with Twenty One Capital could narrow further before the end of the year.
The ability to keep raising capital through SATA, warrant exercises and other securities could determine how quickly that happens.
