Strive Boosts Bitcoin Treasury to 25,000 with $36.6 Million Purchase
Strive, a U.S.-listed corporate Bitcoin treasury company and asset manager, added another batch of Bitcoin to its balance sheet last week. The company bought 469 BTC for roughly $36.6 million between Sept. 8 and Sept. 11, lifting its total holdings to 25,000 BTC.
The purchase was funded entirely through proceeds from sales of SATA, Strive's perpetual preferred stock. With SATA's notional value now exceeding $1 billion, Strive disclosed its cash position and other holdings as of Sept. 11.
Strive reported holding $204.2 million in cash and cash equivalents alongside 505,000 shares of Strategy's STRC preferred stock valued around $49.8 million. The company's market capitalization has moved faster than some peers due to the rally driven by its Bitcoin accumulation narrative.