Bitcoin · Decrypt
Strive Snaps up $109 Million in Bitcoin, Pushes Preferred Stock Toward $1 Billion
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Strive bought another 1,375 Bitcoin last week, paying $109 million and pushing the fundraising machine behind the purchase to the edge of a ten-figure milestone.
Key facts
- Strive acquired an additional 1,375 BTC for $109M at an average cost of $79,281 per bitcoin, bringing total holdings to ₿24,531
- The Nasdaq-listed asset manager picked up the coins between Aug. 31 and Sept. 4 at an average price of $79,281 per Bitcoin, its CEO Matt Cole said in a post on X
- Holdings rose 5.9% week over week, from 23,156 BTC to 24,531 BTC—the third straight week Strive has posted gains north of 5%
- At Strive's current holdings, that gap is about 19,000 BTC—roughly 1,200 BTC a week for the remaining 16 weeks of 2026, a pace Strive has only touched in its most aggressive recent stretches
Summary
Strive bought 1,375 BTC for about $109 million between Aug. 31 and Sept. 4 at an average price of $79,281 per coin, according to CEO Matt Cole, lifting its total stack to 24,531 BTC. Cole said 70% of the capital raised last week came from SATA, Strive's preferred stock, which now has $999 million in notional value outstanding. Chief Risk Officer Jeff Walton said it's Strive's third straight week of 5%-plus Bitcoin growth, with holdings up 21.1% over the past three weeks. The Nasdaq-listed asset manager picked up the coins between Aug. 31 and Sept. 4 at an average price of $79,281 per Bitcoin, its CEO Matt Cole said in a post on X.