Bitcoin

<h1 id="bitcoin-news-br">Bitcoin News </h1>
Strive, Inc. bought 1,107<a target="_blank" rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/currencies/bitcoin/"> Bitcoin (BTC)</a> between Sept. 21 and Sept. 25 at an average price of about $85,396 per coin, including fees and expenses, according to a US Securities and Exchange Commission filing. The purchase raised the Nasdaq-listed company's holdings to 27,462 BTC.
<img src="https://academy-public.coinmarketcap.com/optimized-uploads/dab1192bbe2d49a6bc1778299ae3e7ee.png">
Strive<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.sec.gov/Archives/edgar/data/0001920406/000162828026063653/asst-20260928.htm"> disclosed</a> the purchase on Sept. 28 in a Form 8-K. The filing shows its Bitcoin holdings rose from 26,355 on Sept. 18 to 27,462 on Sept. 25.
<h2 id="header-0">How Strive Funded the Purchase</h2>
Strive CEO Matt Cole<a target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/ColeMacro/status/2104541893300568088"> said</a> in a post on X that the purchase cost $94.5 million. He<a target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/ColeMacro/status/2104541893300568088"> added</a> that warrant exercises brought in another $12.4 million, and that after counting those proceeds, 85% of the total capital Strive raised came from SATA.
<img src="https://academy-public.coinmarketcap.com/optimized-uploads/e3fe2fe2de064cc0a67fae7268ae35c0.png">
SATA is Strive's Variable Rate Series A Perpetual Preferred Stock. The filing shows SATA shares outstanding rose by 1,009,020 to 12,193,180 between Sept. 18 and Sept. 25, while cash and cash equivalents rose by $19.2 million to $248.8 million. Strive also held 505,000 shares of Strategy Inc.'s Variable Rate Series A Perpetual Stretch Preferred Stock, with a fair value of about $49.8 million, unchanged in share count.
Class A common stock outstanding increased by 649,072 to 88,453,685, while Class B common stock stayed at 9,198,036, according to the filing. Shares underlying traditional warrants fell by 460,649 to 25,349,806.
Strive's prior weekly filing, dated Sept. 21,<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.sec.gov/Archives/edgar/data/0001920406/000162828026062806/asst-20260921.htm"> reported</a> 1,355 BTC bought at an average of about $79,475 from Sept. 14 to Sept. 18. A filing dated Sept. 8<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.sec.gov/Archives/edgar/data/1920406/000162828026060809/asst-20260908.htm"> reported</a> 1,375 BTC bought at about $79,281 for Aug. 31 to Sept. 4. In March, Strive<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.sec.gov/Archives/edgar/data/1920406/000162828026019636/strive-exx991.htm"> said</a> it had accumulated 13,628 BTC as of March 17, so its holdings have roughly doubled since.
Further Reading: <a target="_blank" rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/academy/article/bitcoin-price-drops-below-dollar84k-as-crypto-longs-lose-dollar392m">Bitcoin Price Drops Below $84K as Crypto Longs Lose $392M</a>&nbsp;
<h2 id="header-1">How Other Bitcoin Treasury Firms Compare</h2>
Strategy Inc<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.sec.gov/Archives/edgar/data/1050446/000119312526403417/mstr-20260914.htm"> disclosed</a> on Sept. 28 that it bought 1,665 BTC between Sept. 21 and Sept. 27 for $142.7 million, at an average of $85,681 including fees and expenses. The filing says the purchase was funded with net proceeds from sales of its MSTR common stock. Strategy held 847,666<a target="_blank" rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/currencies/bitcoin/"> BTC</a> as of Sept. 27, bought for $63.95 billion at an average of $75,437 per coin.
Both Strive and Strategy paid about $6,000 more per coin than in their filings a week earlier. Strategy<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.sec.gov/Archives/edgar/data/0001050446/000119312526396093/mstr-20260914.htm"> reported</a> buying 950 BTC at an average of $79,670 with USD cash in the week of Sept. 14 to Sept. 20, and for the week ending Sept. 13 it<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.sec.gov/Archives/edgar/data/0001050446/000119312526389858/mstr-20260914.htm"> reported</a> no Bitcoin purchases or sales. On June 29, Strategy<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.sec.gov/Archives/edgar/data/0001050446/000119312526295586/mstr-20260706.htm"> announced</a> a program that lets it sell Bitcoin from time to time, including to raise up to $1.25 billion for its USD reserve.
Tokyo-listed Metaplanet Inc.<a target="_blank" rel="noopener noreferrer nofollow" href="https://finance-frontend-pc-dist.west.edge.storage-yahoo.jp/disclosure/20260702/20260702587030.pdf"> said</a> in a July 2 notice that it bought 2,823 BTC in the second quarter, partly through the sale of Bitcoin options, taking its holdings to 43,000 BTC as of June 30. Metaplanet reports purchases quarterly, while Strive and Strategy file weekly.

Strive Buys 1,107 BTC for $94.5M, Lifting Holdings to 27,462 BTC

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