Key Highlights
- Between September 21 and September 25, Strive purchased 1,107 BTC for a total of $94.5 million.
- The company’s bitcoin treasury has reached 27,462 BTC, valued at approximately $2.3 billion.
- Among public companies holding bitcoin, Strive ranks fifth in total holdings.
- Approximately 85% of last week’s funding came from SATA preferred stock sales.
- Year-to-date performance shows ASST stock climbing close to 70%, despite minor Monday losses.
On Monday, Strive stock (ASST) hovered around $29.35, experiencing a modest decline during trading hours. This minor pullback occurred as the digital asset treasury company announced its latest cryptocurrency acquisition.
During the period spanning September 21 through September 25, Strive secured 1,107 BTC. The average acquisition cost came to $85,396 per bitcoin, totaling $94.5 million for the purchase.
Details of the transaction emerged through a Form 8-K document submitted to the Securities and Exchange Commission. CEO Matt Cole publicly acknowledged the acquisition through a statement on X.
With this latest purchase, Strive’s cumulative bitcoin position has grown to 27,462 BTC. At present market valuations, this digital asset reserve carries a worth of approximately $2.3 billion.
Bitcoin’s price action saw the cryptocurrency decline to a weekly low approaching $83,000 during Sunday evening hours. The asset recorded approximately a 2% decrease on the day.
Capital Raising Methods Behind Recent Purchases
The company’s primary funding mechanism for last week’s acquisition involved its SATA perpetual preferred stock. Sales of SATA instruments accounted for 85% of the capital secured, representing an increase from the previous week’s 58%.
Additional funding of $12.4 million came through warrant exercises. This amount marked a decrease compared to the $21.2 million generated through warrants during the preceding week.
Throughout the purchasing period, the company’s liquid assets expanded. According to regulatory filings, cash and equivalents increased from $229.6 million to $248.8 million.
Beyond bitcoin, Strive maintains a position of 505,000 units in Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock (STRC). This investment provides supplementary cryptocurrency market exposure to the company’s financial position.
This STRC holding complements the firm’s primary bitcoin reserves. Combined, these two asset classes form the foundation of Strive’s treasury management approach.
The Push Toward Runner-Up Status
In the rankings of publicly traded bitcoin holders, Strive currently occupies the fifth position. Strategy, Twenty One, Metaplanet, and MARA maintain larger holdings.
According to Cole, achieving second-place status by year-end 2026 remains a possibility, though he emphasized this isn’t the company’s primary projected scenario.
Overtaking Twenty One’s position of 43,514 BTC would require Strive to acquire an additional 16,053 coins. With 13 weeks remaining in the year, this translates to an average weekly purchase target of approximately 1,235 BTC.
Recent acquisition velocity falls short of this benchmark. The most recent week’s 1,107 BTC purchase follows the prior week’s 1,355 BTC addition.
Competing cryptocurrency treasury companies also remained active during this period. Strategy completed a 1,665 BTC acquisition, while Bitmine expanded its ethereum position by 17,362 ETH, pushing its total holdings beyond 6 million coins.
Year-to-date performance metrics show Strive stock advancing nearly 70%. In contrast, Strategy stock has declined 6% over the same period, while Twenty One stock has dropped 26%.
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