Strive, a U.S.-listed corporate Bitcoin treasury company and asset manager, added another batch of Bitcoin to its balance sheet last week, according to a filing submitted to the U.S. Securities and Exchange Commission. The company bought 469 BTC for roughly $36.6 million between Sept. 8 and Sept. 11, lifting its total holdings to 25,000 BTC.
In the same SEC document, Strive says the purchase was funded entirely through proceeds from sales of SATA, its perpetual preferred stock. With SATA’s notional value now exceeding $1 billion, Strive also disclosed its cash position and other holdings as of Sept. 11.
Key takeaways
- Strive purchased 469 Bitcoin for about $36.6 million, acquiring BTC at an average price of $77,954 per coin (including fees and expenses) from Sept. 8–11.
- The company’s Bitcoin treasury now totals 25,000 BTC, making it one of the largest publicly traded corporate holders.
- Funding for the acquisition came entirely from SATA preferred stock sales, with SATA notional value surpassing $1 billion outstanding.
- As of Sept. 11, Strive reported $204.2 million in cash and cash equivalents, alongside 505,000 shares of Strategy’s STRC preferred stock valued around $49.8 million.
- Strive’s stock rally—driven by its Bitcoin accumulation narrative—has pushed its market capitalization above some peers despite holding fewer BTC in absolute terms.
New Bitcoin purchase lifts Strive’s treasury
Strive’s SEC filing states that the company acquired 469 BTC over a four-day window, Sept. 8 through Sept. 11. The reported average purchase price was $77,954 per Bitcoin, with fees and expenses included in that figure.
For context, the largest crypto by market capitalization was last trading around $78,823 at the time of the report, based on CoinGecko data cited in the article’s underlying information.
The deal brings Strive’s total Bitcoin holdings to 25,000 BTC. It also continues a broader trend among corporate treasury firms: accumulating Bitcoin not only for balance-sheet exposure, but to influence how investors value these companies’ equity.
SATA preferred stock remains the funding engine
Strive’s CEO Matt Cole said the purchase was funded entirely through proceeds from sales of SATA, the company’s perpetual preferred stock. The filing indicates that SATA is now firmly in scale: it has surpassed $1 billion in notional value outstanding.
The document also shows share growth in SATA. Strive reported SATA shares outstanding increased by 402,541 over the same period to about 10.4 million shares.
This matters for readers because treasury buyers often face a recurring question: whether acquisitions are self-funded from operational cash flow or effectively financed through capital markets. In Strive’s case, the filing ties its latest Bitcoin purchases directly to SATA issuance and sales, making the preferred-stock pipeline a central variable for future accumulation.
Balance sheet details: cash and Strategy STRC preferred stock
Beyond Bitcoin, the filing provides a snapshot of Strive’s other liquid assets and investments as of Sept. 11. Strive reported holding $204.2 million in cash and cash equivalents.
It also disclosed 505,000 shares of Strategy’s STRC preferred stock, which the filing values at about $49.8 million. Together, these figures help frame how much immediate liquidity the company has alongside its growing Bitcoin reserve.
While Bitcoin is the headline asset, the cash position and the presence of STRC preferred stock are relevant for understanding the company’s flexibility—especially if markets move sharply or if the firm needs to manage timing around equity-linked funding.
Market cap momentum and warrant-driven upside
Strive shares rose more than 7% on Monday, reaching roughly $29, according to data referenced from Yahoo Finance. The stock movement extended a broader rally in which the share price has more than doubled over the past month, as reported in the underlying coverage.
That rally has helped Strive’s market capitalization move faster than some peers. The article’s information states that Strive’s market cap exceeded that of Metaplanet last week, even though Metaplanet holds substantially more Bitcoin. As of Monday, Strive’s market capitalization was around $2.5 billion versus $1.9 billion for Metaplanet, based on the figures cited through the comparison data.
Investors are also watching potential near-term dilution and capital inflows tied to Strive’s warrant structure. The article notes Strive shares have climbed above the $27 exercise price for warrants due to expire in mid-October. If warrant holders exercise them, BitcoinTreasuries.net estimates that Strive could receive more than $700 million in new capital, depending on how many warrants are redeemed.
Earlier in the month, CEO Matt Cole suggested it was “not out of the realm of possibility” for Strive to become the second-largest publicly traded corporate Bitcoin holder by year-end, while also describing that as not his base case. With Strive now surpassing certain peers on market value, the question for shareholders becomes whether share performance continues to track treasury growth—or whether it starts to decouple as expectations adjust.
Why the latest accumulation may matter next
Strive’s latest Bitcoin buy reinforces a key theme in corporate treasury markets: access to structured capital—here, SATA preferred stock—can materially shape how quickly these firms can add Bitcoin and how equity markets price that accumulation. What readers should watch next is how much SATA demand translates into future purchases, and whether warrant exercises in October alter Strive’s financing pace and dilution outlook.
https://www.cryptobreaking.com/strive-boosts-treasury-by-469/?utm_source=blogger%20&utm_medium=social_auto&utm_campaign=Strive%20Boosts%20Treasury%20by%20469%20BTC,%20Reaches%2025,000%20Bitcoin%20
Comments
Post a Comment