Strive said it purchased 1,107 Bitcoin for about $94.5 million during the week of Sept. 21 to Sept. 25, paying an average of $85,396 per coin. The company disclosed the transaction on Sept. 28 and said the latest buying lifted its total Bitcoin treasury to 27,462 BTC.
The company also outlined how the purchase was financed. According to Strive, about 85% of the capital used for the acquisition came through its SATA preferred stock, while warrant exercises contributed roughly $12.4 million.
Another week of treasury expansion
The new purchase extends Strive’s ongoing Bitcoin accumulation strategy and increases the size of its corporate treasury by more than a thousand coins in a single reported week. At 27,462 BTC, the company now ranks among the larger publicly tracked corporate Bitcoin holders.
The transaction stands out not only for its size but also for the speed of accumulation. While the latest buy remains far smaller than the holdings of the biggest treasury companies, it represents a substantial weekly deployment of capital for a firm still moving up the rankings.
Funding came mainly from preferred stock
Strive said most of the money used for the latest Bitcoin purchase came from SATA-related financing. The company’s disclosure indicates that roughly 85% of the week’s deployed capital was tied to SATA preferred stock.
In addition, warrant exercises brought in about $12.4 million. That means the funding mechanism is a significant part of the story alongside the Bitcoin purchase itself, as the company continues to rely on capital-market activity to expand its holdings.
Bigger holdings do not settle the share-value question
The increase in total Bitcoin reserves does not automatically answer whether each share gains the same level of exposure. The outcome for shareholders depends not just on how much Bitcoin is acquired, but also on how much equity, preferred stock, or other financing is issued to fund those purchases.
That makes the structure of Strive’s fundraising relevant when assessing the treasury strategy. A larger Bitcoin balance can coincide with changes in per-share exposure, depending on how the company raises capital to keep buying.
What comes next
Strive has indicated that expanding its Bitcoin position remains central to its strategy. The latest acquisition also came with Bitcoin trading in the low-to-mid $80,000 range, rather than after a major market pullback, suggesting the company is continuing to buy while financing remains available.
For now, the next confirmed step is the company’s ongoing disclosure of additional treasury purchases and the financing used to support them. Those updates will likely remain the key measure of how quickly Strive continues to build its Bitcoin holdings and on what terms.
Source: bitcoinist.com