Strive Surpasses Strategy's BTC Accumulation with Record $86M Raise
Strive, the Bitcoin treasury company founded by Vivek Ramaswamy, has outpaced Strategy in raising funds to buy more BTC. Between September 21 and 23, Strive raised around $86 million through three sequential sessions of Stock at the Money (SATA) transactions.
The estimated accumulation peaked at over 1,000 BTC, with approximately 1,001.67 BTC purchased at an average price of $86,001 per BTC. This surpasses Strategy's recent efforts, which added 950 BTC to its holdings in the September 14-20 week for $75.7 million.
Strategy has been trading lower than its $100 par value since June and failed to raise new funds during that period. In contrast, Strive continues to tap into the ATM Bitcoin buying market, with a significant portion of its capital raised coming from SATA proceeds.