Strive has continued its aggressive Bitcoin accumulation strategy, purchasing 1,375 Bitcoin for approximately $109 million between August 31 and September 4, 2026, raising its total holdings to 24,531 BTC. According to the latest SEC filing, the company paid an average of $79,281 per Bitcoin, including fees and expenses, slightly lower than its previous purchase of 1,800 BTC for $143 million during the week ending August 28. Bitcoin has breached $72,000 for the first time since June, with the cryptocurrency trading near $79,300 on September 9. At this price level, Strive's 24,531 BTC would have a market value of approximately $1.95 billion, representing significant growth from its previous valuation of $1.77 billion when the August purchase was disclosed.
Strive's latest acquisition was primarily funded through its SATA preferred stock program, with CEO Matt Cole stating that approximately 70% of the capital raised during the week came from SATA sales. SATA shares outstanding increased by 921,511 to nearly 10 million shares, bringing the total notional value to approximately $999.5 million at the $100 stated amount. The company also issued 2,226,612 Class A common shares during the week, with the assumed fully diluted share count rising by 1,625,200 to 98,148,551. Despite the $109 million Bitcoin purchase, Strive's cash and cash equivalents increased by $19.1 million to $202.6 million, while its holdings of Strategy's STRC preferred stock remained unchanged at 505,000 shares. The company's funding strategy demonstrates its ability to raise capital through multiple channels while maintaining its Bitcoin accumulation pace.
Strive's Bitcoin treasury strategy has significantly boosted its market performance, with ASST shares closing at $27.16 on September 8, up approximately 0.2% for the session. The stock traded between $25.60 and $27.63 during the session, showing resilience despite the recent Bitcoin purchases. Strive's Bitcoin holdings have increased from 23,156 BTC on August 28 to 24,531 BTC on September 4, representing weekly growth of approximately 5.9%. The company is now ranked as the fifth-largest publicly traded corporate Bitcoin holder by BitcoinTreasuries.net, with CEO Cole stating it's "not out of the realm of possibility" to finish 2026 as the second-largest corporate Bitcoin holder behind Strategy. With roughly 16 weeks remaining in the year, Strive would need to acquire about 1,200 BTC weekly to overtake Twenty One Capital, though this calculation remains uncertain given market volatility and potential changes in financing capacity.
Strive has funded its Bitcoin strategy through at-the-market programs for ASST and SATA, with the company increasing its available capacity to $2.6 billion for SATA and $2.55 billion for ASST in June. The company reported a second-quarter GAAP net loss of $257.6 million, including $234 million linked to lower fair values for its Bitcoin and Strategy STRC positions, while holding $154.9 million in cash as of August 7. The latest filing confirms that SATA's return to its $100 stated value has reopened Strive's funding channel, with market-based estimates suggesting the program could finance about 1,192 BTC for additional Bitcoin purchases. Strive also maintains more than $700 million in outstanding warrants as of its latest discussion, with management estimating these warrants could eventually provide up to $1.4 billion for additional Bitcoin purchases, though exercise depends on the common stock remaining above relevant strike prices.
