Strive Reaches 25,000 Bitcoin After $36.6M Purchase

Strive reached exactly 25,000 BTC in holdings after purchasing 469 bitcoin between September 8 and September 11, 2026, at an average cost of approximately $77,954 per BTC, including fees and expenses. The purchase represented about $36.6 million and was financed entirely with proceeds from SATA, Strive’s perpetual preferred stock, according to chief executive Matt Cole.

The transaction was the latest addition in an accumulation of 1,844 BTC over roughly two weeks, reflecting the broader context of Strive’s capital-raising approach.

469 BTC purchase takes Strive to 25,000 BTC

Strive’s September 14 filing with the U.S. Securities and Exchange Commission recorded the 469-BTC acquisition window as September 8 through September 11. At the disclosed average cost of approximately $77,954 per bitcoin, inclusive of fees and expenses, the purchase amounts to about $36.6 million.

The addition moved the company from 24,531 BTC to 25,000 BTC. The Block reported that the resulting total was exactly 25,000 BTC, making the latest acquisition a 469-BTC top-up rather than a rounded estimate of the company’s treasury.

The average acquisition price is specific to this reported purchase period and includes transaction-related fees and expenses. The filing does not, in the supplied disclosure, provide a broader average cost for all of Strive’s 25,000 BTC holdings.

Crossing the threshold followed closely after a substantially larger purchase. The timing shows that the reported holdings increase was built through two discrete buying windows, rather than a single acquisition announced at the milestone.

SATA funded the $36.6 million acquisition

Cole said the 469-BTC purchase was fully funded by proceeds from SATA, which Strive describes as its perpetual preferred stock. BitcoinTreasuries.net reported the CEO’s statement that SATA funded the transaction entirely.

That attribution matters because it ties the new bitcoin directly to a named financing instrument. It does not establish that SATA was the source of funding for every bitcoin already held by Strive; the statement concerns this approximately $36.6 million purchase.

Following the acquisition, SATA’s notional value outstanding had surpassed $1 billion, according to The Block. Strive also reported an amplification ratio of 53.5% after the purchase. The supplied reporting gives the figure but does not set out its calculation or methodology, so the ratio cannot be independently interpreted from the disclosed information alone.

The combination of a fully SATA-funded purchase and more than $1 billion in outstanding notional places the latest transaction within a financing mechanism that has reached a material reported scale. The disclosed sequence also makes clear that Strive continued using that mechanism as it pushed beyond the 25,000-BTC mark.

Two purchases added 1,844 BTC in roughly two weeks

Before the September 8–11 transaction, Strive had bought 1,375 BTC for approximately $109 million between August 31 and September 4. That earlier acquisition lifted its holdings to 24,531 BTC, according to the same SEC filing.

Adding the subsequent 469 BTC brings the two reported purchases to 1,844 BTC. The two buying periods ran from August 31 to September 11, with the second purchase following the first after only a short interval.

The earlier acquisition accounted for most of the two-week increase, while the later purchase delivered the round-number holding milestone. Taken together, the reported spending across the two transactions was approximately $145.6 million: about $109 million for the first purchase and about $36.6 million for the second.

Strive’s reported SATA outstanding notional exceeding $1 billion and its 53.5% amplification ratio were disclosed following the 25,000-BTC purchase, providing the latest stated scale of the preferred-stock programme used to fund the milestone transaction.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.