Strive Surpasses Strategy in Bitcoin Treasury Push

Strive Asset Management has outpaced Michael Saylor's Strategy in building its Bitcoin treasury, raising $85.88 million over three trading days in September.

The firm completed three SATA sessions between September 21 and September 23, adding an estimated 1,001 additional coins to its Bitcoin treasury at an average price of $86,000.

Strive's pace accelerated on September 22, with the company raising $36.08 million and selling about 370,000 shares, which added an estimated 418.27 coins at an average price of $86,266.

Strategy, which runs a larger Bitcoin treasury, has hit a financing wall due to its preferred stock trading below the $100 par value since June.