Strive buys 1,107 bitcoin for $94.5 million, lifting holdings above 27,400 BTC

Strive bought 1,107 BTC for approximately $94.5 million last week, bringing its bitcoin holdings above 27,400 BTC. Strive now holds 27,462 BTC. The company paid an average of $85,396 per bitcoin from Sept. 21 to Sept. 25, according to a Monday Form 8-K filing with the Securities and Exchange Commission. Bitcoin was trading at a one-week low of $83,000. Strive's latest purchase was smaller than the 1,355 BTC it added the previous week. Strive raised capital through SATA perpetual preferred stock sales and exercises of outstanding warrants. Warrant exercises generated $12.4 million in gross proceeds, down from $21.2 million the previous week. SATA sales accounted for 85% of the capital raised last week, up from 57.7% a week earlier. Strive remains the world's fifth-largest public bitcoin holder, behind Strategy, Twenty One, Metaplanet and MARA. CEO Matt Cole has said Strive could potentially reach second place by the end of 2026, although that is not his base case. Strive needs another 16,053 BTC to overtake Twenty One's 43,514 BTC holdings, assuming the Tether-backed company makes no additional purchases. With 13 full weeks left in the year, Strive would need to acquire an average of roughly 1,235 BTC per week to reach that target. Strive's common stock fell 0.3% on Monday to $29.35. The stock is up nearly 70% year-to-date. Michael Saylor's Strategy is down 6%. Twenty One is down 26%.