TL;DR:
- Strive acquired 1,107 BTC for an outlay of $94.5 million, at an average price of $85,396 per unit.
- The company’s corporate reserve reached 27,462 BTC at the close of the balance sheet on September 28, 2026, with an estimated value of $2.3 billion.
- 85% of the capital used in this round came from issuances of SATA perpetual preferred shares, supplemented by $12.4 million obtained through the exercise of warrants.
This Monday, September 28, asset management firm Strive increased its total treasury to 27,462 BTC after it bought 1,107 Bitcoin. The purchase represents an investment of $94.5 million, executed at an average price of $85,396 per coin.
Today, Strive paid a cash distribution of $0.0516 per $SATA share. The daily dividend represents an annualized rate of $13 per $SATA share and an effective yield of 13.0% as of the latest market close. This payment marks the 79th consecutive dividend to shareholders. pic.twitter.com/Zxyuw8KAh1
— Strive (@Strive) September 28, 2026
Matt Cole, the firm’s chief executive officer, confirmed the transaction through a statement and regulatory filings across official channels. He also reported that the entity maintains a consecutive streak of weekly capital allocation toward the market’s leading cryptocurrency.
With this move, the weighted average acquisition price of Strive’s entire portfolio stands at $80,862 per unit. Data from the Bitbo tracker indicates that, with Bitcoin’s spot price hovering around $83,300 during Monday’s session, the firm’s aggregate position remains in positive territory with a market valuation close to $2.3 billion.
Financing Structure via Preferred Capital and Warrants
The liquidity scheme utilized by the company relied primarily on proprietary corporate instruments. According to the financial report filed by the firm, 85% of the capital raised for this purchase originated from the sale of SATA securities, corresponding to its variable-rate perpetual preferred shares.
These instruments function as digital credit vehicles providing periodic yields to institutional investors in exchange for funding the corporate treasury. Concurrently, the exercise of warrants during the same period generated an additional $12.4 million in cash to complete the allocation.
Strive currently ranks fifth among publicly traded companies with the largest Bitcoin reserves globally.
The platform’s corporate holdings report indicates that the firm competes in custody volume with issuers such as Strategy, Twenty One, and Metaplanet. Recent statements from executive leadership note that reaching the second global spot represents a plausible target toward the end of 2026, although management cautions that such a scenario will depend directly on the secondary market’s absorption pace for its capital offerings.
The institutional accumulation strategy using debt and preferred shares continues under the oversight of U.S. equities markets. In this regard, industry analysts point out that the sustainability of periodic acquisitions of this magnitude could remain tied to broader liquidity conditions and the stability of corporate treasury profit margins.
The next corporate milestone for Strive will occur with the filing of its upcoming Form 8-K with the U.S. Securities and Exchange Commission (SEC) at the close of this week’s operating cycle, which will detail the final available cash balance and the updated count of outstanding shares.
