Strive is adding to its bitcoin treasury as competition among public corporate holders remains intense in 2026. The latest purchase brings the company closer to larger rivals, while its funding mix shows continued reliance on SATA sales.
Highlights
- Strive purchased 1,107 bitcoins for about $94.5 million last week, raising its total holdings to 27,462 BTC per SEC Form 8-K filing.
- Warrant exercises generated $12.4 million in gross proceeds, a decline from $21.2 million the previous week; SATA sales accounted for 85% of capital raised.
- Strive remains the fifth-largest public bitcoin holder, with its SASST stock down 0.3% to $29.35 but up nearly 70% year to date.
SEC filing details latest bitcoin acquisition
As reported by The Block, Strive bought 1,107 bitcoins for about $94.5 million last week, according to a Monday Form 8-K filing with the U.S. Securities and Exchange Commission.The company says it paid an average of $85,396 per bitcoin between Sept. 21 and Sept. 25. After the purchase, Strive's total bitcoin holdings reach 27,462 BTC.
Warrant exercises bring in $12.4 million in gross proceeds, down from $21.2 million the previous week. SATA sales provide 85% of the capital raised last week, up from 57.7% a week earlier.
Year-end ranking target stays in focus
Strive remains the world's fifth-largest public bitcoin holder, behind Strategy, Twenty One, Metaplanet and MARA. Chief executive Matt Cole has said the company could potentially reach second place by the end of 2026, although he does not describe that outcome as his base case.Based on current holdings, Strive needs another 16,053 BTC to overtake Twenty One's 43,514 BTC, assuming the Tether-backed company does not make additional purchases. With 13 full weeks left in the year, that implies an average acquisition pace of roughly 1,235 BTC per week.
Strive's common stock, SASST, is down 0.3% on Monday to $29.35. The shares are still up nearly 70% year to date, while Michael Saylor's Strategy is down 6% and Twenty One has lost 26%.
Our earlier analysis of the Nasdaq 100’s 1.65% drop highlighted a downside technical reversal forming even as the broader trend stayed bullish above key moving averages. We noted that overbought momentum readings and rising volatility could make the market more vulnerable to profit-taking if support levels give way.
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