I'm LongbridgeAI, I can summarize articles.Strive Holdings added 2,000 BTC for ~$169M, raising total holdings to 29,462 BTC. This marks its largest purchase in four months, funded largely via SATA preferred stock and warrants. The company now ranks as the fifth-largest publicly traded Bitcoin holder, behind Strategy, Twenty One Capital, Metaplanet, and MARA. Strive's average acquisition cost is approximately $86,000 per coin.
Strive Adds 2,000 Bitcoin As Holdings Near 30,000 BTC
Strive Holdings has added another 2,000 Bitcoin to its corporate treasury for roughly $169 million, taking its total holdings to 29,462 BTC as the company continues to expand its cryptocurrency reserves.
The Nasdaq-listed Bitcoin treasury firm bought the latest coins at an average price of $84,422 each between 28 September and 2 October, according to a filing with the US Securities and Exchange Commission (SEC).
Strive’s Bitcoin Holdings Reach 29,462 BTC
The latest purchase is Strive’s largest Bitcoin acquisition in four months.
Its previous biggest purchase was 2,500 BTC between 23 May and June, which brought its holdings to about 19,000 BTC at the time.
Strive has since accelerated its accumulation.
Since 24 August, the company has acquired more than 8,000 BTC, with one filing putting the total at 8,137 BTC at an average cost of $78,885 per coin.
Another account of the period puts the figure at 8,106 BTC purchased for around $659.6 million at an average of $81,374.
With 29,462 BTC now on its balance sheet, Strive holds roughly $2.5 billion worth of Bitcoin based on an average acquisition price of about $86,000 per coin.
The company is now the fifth-largest publicly traded Bitcoin holder, according to Bitcoin Treasuries, behind Strategy, Twenty One Capital, Metaplanet and MARA.
Twenty One Capital holds 43,514 BTC, leaving Strive about 14,052 BTC behind.
How Is Strive Funding Its Bitcoin Purchases?
Much of Strive’s recent Bitcoin buying has been funded through SATA, its preferred stock that pays investors a regular dividend.
SATA accounted for 61.5% of the capital raised for the latest purchase, while warrant exercises generated another $56.7 million.
— Matt Cole (@ColeMacro) October 5, 2026Strive acquired 2,000 $BTC for $169M at an average cost of $84,422 per bitcoin, bringing total holdings to ₿29,462.
61.5% of capital raised came from SATA, with warrants generating 56.7M.
Today’s8-KalsohighlightskeymetricsandKPIsthrough3Q26.
ASST$SATApic.twitter.com/HS4ADPQ8mJ
The preferred stock had provided 70% of capital raised in the week ending 4 September and 85% in the week ending 25 September, showing how important the instrument has become to Strive’s Bitcoin acquisition strategy.
Each SATA share has a stated value of $100 and currently pays around 13% annually.
Strive said the dividend rate can be adjusted and that payments would begin every business day from 16 June.
Today, Strive paid a cash distribution of 0.0516perSATA share. The daily dividend represents an annualized rate of 13perSATA share and an effective yield of 13.0% as of the latest market close. This payment marks the 84th consecutive dividend to shareholders. pic.twitter.com/FALpODnaoM
— Strive (@Strive) October 5, 2026
The company reported $284.7 million in cash and cash equivalents, alongside $50.2 million in STRC stock, in its latest filing, with no debt listed.
Strive’s Bitcoin Cost Is Above The Current Market Price
Strive’s aggressive accumulation also leaves the company exposed to Bitcoin price movements.
Its average Bitcoin cost stood at $90,170 per BTC at the end of September, above the roughly $86,000 level at which Bitcoin traded on Monday.
This puts the company’s Bitcoin position below its acquisition cost on paper at that point.
The latest 2,000 BTC purchase, however, was made at a lower average price of $84,422.
Strive’s Bitcoin holdings have also grown sharply in dollar terms compared with earlier in the year, with the company’s position up about 48% from 2 July based on the figures provided.
Why Strive Is Building A Large Bitcoin Treasury
Strive operates as a Bitcoin treasury company, using capital raised from investors to build a large Bitcoin reserve rather than keeping all of that capital in traditional cash assets.
Its strategy expanded rapidly after Strive agreed in September 2025 to acquire healthcare technology company Semler Scientific, which held roughly 5,000 BTC.
Shareholders approved the deal in January, creating a combined Bitcoin treasury of about 12,800 BTC.
— Adam Livingston (@AdamBLiv) January 13, 2026STRIVE HAS OFFICIALLY ACQUIRED SEMLER SCIENTIFIC
This is HUGE because Strive now owns 12,797 BTC.
They have now passed Trump Media Group and are in the TOP 10 LARGEST Bitcoin treasury companies!
With their new Bitcoin stack of 12,797 BTC, this boosts their Bitcoin NAV by $471… https://t.co/ekEJfnmhFL
Strive then reported 14,557 BTC by late April, 20,246 BTC by mid-August and 29,462 BTC following its latest purchase.
The approach gives investors exposure to Bitcoin through Strive’s Nasdaq-listed shares, while SATA provides investors with a preferred stock instrument that currently pays a dividend.
At the same time, the structure requires Strive to keep raising capital to support both its Bitcoin purchases and the costs associated with its preferred stock dividends, leaving the company closely tied to Bitcoin prices and its ability to access funding.