Strive's Treasury Hits 25,000 Bitcoin After $36.6 Million Purchase

Strive has significantly expanded its corporate treasury by purchasing 469 Bitcoin for approximately $36.6 million, raising its total to 25,000 BTC as of September 11.

The company acquired the new Bitcoins at an average price of around $77,954 per coin between September 8 and 11.

Strive funded this purchase through proceeds from its SATA preferred stock rather than common shares, which has become a central source of funding for the company's Bitcoin purchases.

Cole, Strive's CEO, shared the updated portfolio tracker on X after the disclosure, stating that the company's amplification ratio had increased to 53.5%.