Bitcoin

<h2 id="header-0">Key Facts</h2>
<ul>
 <li>Strive bought 2,000 BTC at an average price of about $84,422 between Sept. 28 and Oct. 2, according to a filing with the US Securities and Exchange Commission.</li>
 <li>The purchase lifted Strive's holdings to 29,462 BTC, sixth among public companies according to BitcoinTreasuries.net.</li>
 <li>Strive also set up a repurchase facility of up to $500 million for its SATA preferred stock.</li>
</ul>
Strive bought 2,000 Bitcoin (<a target="_blank" rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/currencies/bitcoin/">BTC</a>) for about $169 million last week and set up a facility to buy back up to $500 million of its preferred stock, the company disclosed on Monday.
The purchase lifted Strive's holdings to 29,462 BTC, sixth among public companies and just behind Bitcoin Standard Treasury Company's 30,021 BTC, according to <a target="_blank" rel="noopener noreferrer nofollow" href="https://bitcointreasuries.net/">BitcoinTreasuries.net</a>, which tracks Bitcoin held by public companies, <a target="_blank" rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/academy/glossary/exchange-traded-fund-etf">exchange-traded funds (ETFs)</a> and governments.
<h2 id="header-1">Strive's 2,000 BTC Purchase in Its SEC Filing</h2>
Strive bought the Bitcoin between Sept. 28 and Oct. 2 at an average price of about $84,422 per coin, including fees and expenses, according to its <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.sec.gov/Archives/edgar/data/1920406/000162828026064753/asst-20261005.htm">8-K filing</a>. The company held 27,462 BTC after its <a target="_blank" rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/academy/article/strive-buys-1107-btc-27462-holdings">previous purchase of 1,107 BTC</a>.
As of Sept. 30, Strive held 28,000 BTC acquired at an average cost of $90,170 per coin, along with $284.7 million in cash and cash equivalents, the filing said.<tweet-embed url="https://x.com/ColeMacro/status/2107078979383664974"></tweet-embed>
"61.5% of capital raised came from SATA, with warrants generating $56.7M," Strive CEO Matt Cole <a target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/ColeMacro/status/2107078979383664974">wrote</a> on X.
Cole later <a target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/ColeMacro/status/2107303447414641014">clarified</a> that "$169M was the Bitcoin purchase, not aggregate capital raise for the week."
<h2 id="header-2">Strive Adds $500 Million SATA Buyback Facility</h2>
The new facility allows Strive to buy back SATA, its Variable Rate Series A Perpetual Preferred Stock. The company said it gives management "flexibility to repurchase SATA from time to time if management determines that doing so would be in the best long-term interests of the Company and its shareholders."
Strive said that while Bitcoin remains below $100,000, management's current objective is to "increase and maintain the Company's Amplification Ratio above 60%," a metric it put at 55.3% as of Sept. 30.
The purchase keeps Strive among public companies running a <a target="_blank" rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/academy/glossary/corporate-treasury">corporate treasury</a> strategy built on Bitcoin. Strategy, the largest public-company holder, <a target="_blank" rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/academy/article/strategy-posts-dollar209b-bitcoin-gain-buys-just-334-btc">bought 334 BTC in the same week</a>.
Read More:&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/academy/article/bitcoin-below-2026-open-real-yields-near-3percent">Why Bitcoin Price Slipped Below Its 2026 Open as Yields Rose</a>

Strive Buys 2,000 BTC, Adds $500M Buyback Facility

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