Strive has seen a continuous increase in Bitcoin holdings exceeding 5% for three consecutive weeks, with a cumulative increase of 21.1% over those three weeks.

Written by: Jose

Translated by: Chopper, Foresight News

Last week, Strive purchased 1,375 Bitcoins again, with a transaction amount of $109 million. The financing tool behind this purchase is about to surpass the $1 billion mark. This Nasdaq-listed Bitcoin treasury company completed this round of buying from August 31 to September 4, with an average trading price of Bitcoin at $79,281. The company's CEO Matt Cole announced this data on the X platform.

After this round of accumulation, Strive's total Bitcoin holdings reached 24,531 Bitcoins, with a total value of approximately $1.9 billion based on current market prices.

More and more listed companies are starting to raise funds specifically to hoard Bitcoin, and Strive is one of them. These companies bet that the increase in Bitcoin will outpace the growth rate of traditional businesses. Strategy, owned by Michael Saylor, pioneered this corporate treasury hoarding model in 2020, after which Strive, Twenty One Capital, and dozens of small to medium-sized companies followed suit, each with varying degrees of aggression in their hoarding.

Cole explained the funding composition for this Bitcoin purchase in a tweet: 70% of last week’s fundraising came from SATA—Strive's Class A floating-rate perpetual preferred shares. This type of share pays a fixed dividend (currently an annualized 13%) that does not follow the fluctuations of Bitcoin prices.

The current nominal value of SATA in circulation is $999 million, just one step away from the $1 billion mark. Cole stated, "It’s time to break through the $1 billion barrier."

Issuing preferred shares is a solution designed by Strive to address the common problem of all companies holding Bitcoin: how to continuously raise funds while avoiding rapid dilution of common stock equity or bearing fixed-term debt. Strive does not choose debt financing; instead, it sells SATA shares at a face value of about $100, using all the raised funds to buy Bitcoin while paying stable dividends to preferred shareholders.

However, this financing structure itself has risk issues. During this year's Bitcoin downturn, similar products compared to Strategy's STRC saw prices fall significantly below the $100 face value, and the company covered dividend payments via stock issuance for the first time since 2022. During the same round of market fluctuations, SATA's price remained around face value, but the underlying operational logic of both is consistent, and SATA has not yet experienced the pressure test of a deep bear market.

Strive's Chief Risk Officer Jeff Walton simultaneously released a tweet explaining the pace of accumulation: the weekly increase in holdings was 5.9%, rising from 23,156 to 24,531 Bitcoins, with the increase remaining above 5% for three consecutive weeks. Over the past three weeks, the Bitcoin stock increased from 20,245 to 24,531 Bitcoins, with a cumulative increase of 21.1%.

The rapid accumulation not only affects the balance sheet. Strive is narrowing the gap with Twenty One Capital, which holds about 43,500 Bitcoins and is the second-largest listed Bitcoin treasury company in the world, after Strategy. Based on Strive’s current holdings, there is a gap of about 19,000 Bitcoins between the two; in the remaining 16 weeks of 2026, it will need to accumulate about 1,200 Bitcoins each week to catch up, a rate only achieved during Strive's most aggressive phase.

According to data from Bitcoin Treasuries, Strive is currently ranked as the fifth-largest corporate Bitcoin treasury globally, with holdings exceeding those of giants like SpaceX, Coinbase, and Trump Media & Technology Group.

Just a year ago, Strive was not a company focused on Bitcoin treasury as its core business. In September 2025, it completed its listing through an acquisition; subsequently, it acquired medical device company Semler Scientific (which had already quietly amassed Bitcoin), gaining about 5,048 BTC in one go.

The company was co-founded by Vivek Ramaswamy, a former presidential candidate and current Ohio governor candidate. Since going public, Strive has been increasing its Bitcoin holdings nearly every week, with funding sources mixed between ordinary stock issuance and SATA preferred shares.

During the crypto winter, affected by unrealized losses in Bitcoin, the company reported a net loss of $265.9 million in the first quarter. By mid-May, ASST’s share price had plummeted 86% from a post-merger high of $130; as Bitcoin prices warmed, the stock price rebounded. Subsequently, Strive also upgraded its SATA product, launching a daily interest dividend plan to enhance product attractiveness.

Even after completing this large Bitcoin purchase, Strive's cash reserves still rose from $183.5 million to $202.6 million last week. Cole mentioned that the company also has over $700 million in unexercised warrants, which, when exercised in the future, could release up to $1.4 billion in funds for further Bitcoin purchases.