Strive acquired an additional 1,107 Bitcoins for about $94.5 million between September 21 and 25. The average purchase price was $85,396 per BTC, according to the Form 8-K filed with the U.S. Securities and Exchange Commission. Following the transaction, the company's total Bitcoin reserves reached 27,462 BTC. The volume of the new purchase was lower than the previous week, when Strive added 1,355 BTC. During the transaction, Bitcoin was trading around $83,000, having reached a weekly low.
The funding for the purchase continued to be received through SATA – perpetual preferred shares – and the exercise of previously issued warrants. For the week, the exercise of warrants generated $12.4 million in gross revenue compared to $21.2 million the week before. Meanwhile, sales of SATA accounted for about 85% of the capital raised during the period, while the previous week their share was 57.7%. Thus, the funding structure has noticeably shifted towards this instrument. The funds raised were used as part of the ongoing program to replenish the company's Bitcoin reserves.
Currently, Strive ranks fifth among public companies in terms of declared Bitcoin reserves, trailing behind Strategy, Twenty One, Metaplanet, and MARA. Strive's CEO, Matt Cole, stated that the company could potentially reach second place by the end of 2026, although this is not the base scenario. To achieve this, Strive needs to acquire an additional 16,053 BTC to surpass the current reserves of Twenty One, which stand at 43,514 BTC, assuming the competitor does not increase its reserve. There are 13 full weeks left until the end of the year, so if this goal is maintained, the average weekly purchase volume should be about 1,235 BTC. The original material also notes the dynamics of Strive, Strategy, and Twenty One stocks, but these figures are not part of the main news about the replenishment of the Bitcoin reserve.
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