Strive Buys 1,355 Bitcoin and Keeps More Cash on Hand
The Nasdaq-listed treasury player financed the purchase through new shares and preferred SATA stock. At the same time, its cash position rose, while its bitcoin reserve climbed to 26,355 BTC.
Key Takeaways
- Strive bought 1,355 bitcoin between September 14 and 18 for about $107.7 million and increased its total reserve to 26,355 BTC.
- The purchase was financed with new issuances of 2.07 million Class A shares and 786,194 SATA preferred shares, while the cash position rose to $229.6 million.
- ASST rose 6.4% on Friday to $30.09, but it is still trading well below where it was a year ago and below its post-IPO peak.
Strive bought bitcoin again in the week of September 14 to 18 and kept more cash on hand at the same time. The Nasdaq-listed company bought 1,355 BTC for about $107.7 million (€93.7 million), while its cash position rose from $204.2 million (€178 million) to $229.6 million (€200 million). That brought its total bitcoin reserve to 26,355 BTC.
How Strive Is Funding This
The purchase was paid for with newly raised capital. In the same week, Strive issued 2.07 million Class A shares and also placed 786,194 SATA preferred shares. According to the source, that SATA issuance brought in about $78.6 million (€68.4 million). The company paid an average of $79,475 (€69,200) per bitcoin for this new batch, well below its own average purchase price, which sits in the low to mid-$90,000s (€78,300).
The mechanism is simple: Strive raises money through shares and preferred stock, then turns that into bitcoin. That fits a broader trend where publicly traded bitcoin treasury companies keep expanding their balance sheets with new issuances. At the same time, this model does create dilution and ongoing dividend obligations on the preferred stock. The popularity of SATA also shows how important preferred financing has become in this market.
Strive Alongside Other Treasury Companies
The new purchase is part of a series of five reported buying rounds, totaling 6,109 BTC. In one week, the reserve went from exactly 25,000 to 26,355 BTC. According to the source, Strive ranks fifth among publicly traded companies holding bitcoin on their balance sheets. Strategy leads that list and bought another 950 BTC on the same Monday.
More broadly, the treasury model is now firmly established. Public companies together hold more than 1.2 million BTC in 2026, equal to about 6% of the total bitcoin supply. That makes the financing choices of companies like Strive relevant for the crypto market, especially since their purchases depend directly on demand for new shares and preferred stock.
What Investors See in ASST
Investors also reacted to ASST. The stock closed Friday at $30.09 (€26), up 6.4% on the session and about 104% higher than the $14.73 (€13) level from a month earlier. Even so, the stock is still about 61% below where it was a year ago and more than 90% below its peak of nearly $355 (€309) shortly after the IPO.
For European crypto followers, the main thing to watch is that companies like this do not just buy bitcoin as a reserve asset, they also use it as a funding source. That can bring in capital as long as the market cooperates, but it also makes the company dependent on continued demand for new issuances. If that demand fades, it becomes clear how fragile the model can be.
