Strive buys additional 469 Bitcoin, pushing total holdings to 25,000 BTC

Strive, Inc. has crossed a round-number milestone that its treasury team almost certainly had circled on the calendar. The NASDAQ-listed asset manager, co-founded by Vivek Ramaswamy, acquired 469 Bitcoin between September 8 and September 11, 2026, bringing its total holdings to exactly 25,000 BTC. The purchase cost roughly $36.6 million, at an average price of $77,954 per coin. Every dollar of this latest acquisition came through Strive’s Variable Rate Series A Perpetual Preferred Stock, known internally as SATA, without touching a single common share. How Strive is paying for all this Bitcoin With this purchase, the outstanding notional value of SATA has surpassed $1.04 billion, representing 402,541 shares issued at a $100 stated value each. By financing Bitcoin purchases through preferred instruments rather than common equity, the company adds to its Bitcoin treasury without diluting shareholders who already own a piece of the business. CEO Matt Cole highlighted that the company’s “amplification ratio” now sits at 53.5%. That ratio measures how much Bitcoin exposure shareholders get relative to the company’s net asset value. One week before this purchase closed, Strive held 24,53...