Strive Scoops up 1,107 Bitcoin as Its $2.3B Treasury Expands – Bitcoin News

by Jamie Redman September 28, 2026 14 min read

(Originally posted on : Bitcoin News )

Key Takeaways

Strive Adds 1,107 BTC as Treasury Holdings Reach 27,462 Bitcoin

Strive now stands as the fifth-largest publicly traded bitcoin treasury firm, and CEO Matt Cole took to X on Monday to reveal the firm’s latest buy. “Strive acquired 1,107 BTC for $94.5M at an average cost of $85,396 per bitcoin, bringing total holdings to ₿27,462,” Cole wrote. In a Form 8-K filed with the U.S. Securities and Exchange Commission (SEC), the company explained that holdings rose from 26,355 BTC to 27,462 BTC following the purchase.

Cole further stated that “warrant exercises generated another $12.4M. Including those proceeds, 85% of total capital raised came from SATA.” The SATA ticker is Strive’s preferred stock, which has a design that is similar to Strategy’s STRC. The SEC filing shows that Strive’s cash and USD equivalents rose while the company bought bitcoin, jumping from $229.6 million to $248.8 million.

Moreover, while Strive has SATA, the company also holds 505,000 shares of Strategy Inc.’s Variable Rate Series A Perpetual Stretch Preferred Stock (STRC). With bitcoin prices standing around $83,300 per unit on Monday, Strive’s total stack was worth around $2.3 billion. The cost average Strive paid turns out to be around $80,862 per coin, which gives the company some breathing room in the realm of profitability.

Treasury Buying Continues as Strive Shares Climb 32% in a Month

The purchase is the latest in a near-weekly cadence that has defined Strive’s 2026. Additionally, Strategy acquired 1,665 BTC this week and Bitmine announced it acquired 17,362 ETH and now holds more than 6 million coins. In fifth place, Strive is still behind MARA Holdings, Metaplanet, Twenty One Capital, and Strategy in terms of the largest bitcoin-centric DATs.

Strive’s common shares, ASST, traded on the Nasdaq, were down about 2% from the start of Wall Street’s open just ahead of markets closing on Monday. Over the last five days, ASST is down about 5%, and this past month, ASST has risen more than 32% against the U.S. dollar. Bitmine’s common shares, BMNR, and Strategy’s MSTR are also down slightly on the day.