Strive has notched another purchase order. The firm scooped up 1,107 BTC worth $94.5 million from the market between September 21 and 25, 2026. The transaction was executed at an average price of $85,396 per coin, inclusive of all transaction fees. Strive CEO Matt Cole shared execution details directly with the public via X.
This late-September buying spree lifts Strive’s corporate treasury past 27,462 BTC. Based on Friday’s market closing price of $83,943, the estimated value of these holdings exceeds $2.3 billion. The firm’s wallet balance has climbed steadily since early September, up from an initial position of 25,000 BTC.
Internal Financing Engine
The $94.5 million deployed into the market this week did not come from standard corporate cash reserves. Strive management utilized a specialized instrument: perpetual variable-rate preferred stock trading under the ticker SATA. Sales of these internal shares funded 85% of the latest acquisition, with the remaining balance covered by $12.4 million in proceeds from warrant exercises.
The securities issuance immediately restructured the company’s balance sheet. The supply of SATA shares expanded by roughly 1 million units, bringing total circulation to 12.2 million shares. The aggregate face value of all SATA instruments stands at around $1.22 billion. Despite deploying tens of millions of dollars in cash for crypto assets, Strive’s liquid cash reserves still expanded. The firm’s books recorded a $19.2 million increase in cash, ending with a closing balance of $248.8 million.
Long-Range Targets
The 1,107 BTC purchase this week is smaller than last week’s volume, when the company secured 1,355 BTC. Although the weekly figure dipped slightly, the fresh coin intake cements Strive’s position as the fifth-largest public Bitcoin holder globally. The company sits directly behind corporate heavyweights including Strategy, Twenty One Capital, Metaplanet, and MARA.
Climbing further up the leaderboard presents a steep mathematical hurdle. If Strive executives intend to match Twenty One Capital’s 43,514 BTC benchmark by the end of 2026, they must accumulate roughly 16,050 additional BTC. Closing that gap requires the company to maintain a steady acquisition pace of over 1,235 BTC per week without pause through the end of the year.
The hunt for institutional crypto liquidity is steadily evolving into a test of sustained buying power. Strive commands a battle-ready cash-generating mechanism, but its competitors already hold a substantial head start.
Source: Decrypt.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
