Key facts
- Strive purchased 1,375 BTC for approximately $109 million.
- The company's total Bitcoin holdings now stand at 24,531 BTC.
- Strive's preferred stock, SATA, has reached $999 million in notional value outstanding.
- The preferred stock pays a fixed dividend of 13% annually.
- Strive's Bitcoin holdings have increased by 21.1% in the last three weeks.
Strive has acquired an additional 1,375 Bitcoin for approximately $109 million, bringing its total holdings to 24,531 BTC. The purchases were made between August 31 and September 4 at an average price of $79,281 per coin. This latest acquisition continues Strive's strategy of increasing its Bitcoin reserves, with holdings growing 21.1% over the past three weeks.
Seventy percent of the capital raised for these purchases came from SATA, Strive's preferred stock, which now has a notional value of $999 million outstanding, nearing a $1 billion milestone. This preferred stock structure allows Strive to raise capital for Bitcoin purchases without rapid shareholder dilution or taking on debt with fixed repayment schedules. SATA pays a fixed annual dividend of 13%.
Strive is positioned as the fifth-largest corporate Bitcoin treasury globally, behind firms like Twenty One Capital and MicroStrategy. The company's cash position also saw an increase to $202.6 million following the Bitcoin purchase.