Strive buys $169 million in Bitcoin in its biggest purchase in four months

Strive bought 2,000 Bitcoin last week, its biggest purchase in four months. An SEC filing states that the publicly traded company paid an average of about $84,422 per coin between September 28 and October 2. The purchase cost roughly $169 million. Strive held 29,462 Bitcoin as of October 2. Those holdings were worth about $2.5 billion at roughly $86,000 per coin.

The filing puts Strive's average cost at $90,170 per Bitcoin at the end of September. Bitcoin traded at roughly $86,000 on Monday. Strive's Bitcoin position was worth less on paper than Strive paid for it. The dollar value of Strive's holdings has increased 48% since July 2.

Strive's previous largest purchase was 2,500 Bitcoin between May 23 and June, which increased Strive's holdings to 19,000 Bitcoin. Strive is a Bitcoin treasury company that raises money from investors and holds Bitcoin instead of cash. Strive agreed in September 2025 to buy Semler Scientific, a healthcare technology company holding roughly 5,000 Bitcoin. Shareholders approved the deal in January, creating combined holdings of about 12,800 BTC. Strive held 14,557 Bitcoin by late April. Strive held 20,246 BTC by mid-August.

The filing does not disclose how Strive funded this week's purchase. Strive has raised most of its capital in recent weeks by selling SATA preferred stock. SATA supplied 70% of capital in the week ending September 4. SATA supplied 85% of capital in the week ending September 25. SATA pays holders regular cash dividends ahead of ordinary shareholders.

Each SATA share carries a $100 stated amount. Strive currently pays about 13% a year, equivalent to about $13 annually for every $100 share. The dividend rate is adjustable. Strive said it would start paying dividends every business day on June 16. Bitcoin pays no interest, so Strive must fund those dividends from cash or by raising more money. The filing lists $284.7 million in cash. The filing lists no debt.

Strive's stock trades on Nasdaq and gives investors Bitcoin exposure through a regular brokerage account. SATA pays a dividend and is issued by a company holding nearly 30,000 Bitcoin. Bitcoin Treasuries ranks Strive fifth among public Bitcoin holders, behind Strategy, Twenty One Capital, Metaplanet and MARA. Twenty One Capital holds 43,514 Bitcoin. Strive is now 14,052 Bitcoin short of Twenty One Capital's holdings.