TLDR Strive bought 2,000 Bitcoin between Sept. 28 and Oct. 2 for roughly $169 million, its largest purchase since early June. The company now holds 29,462 Bitcoin, worth about $2.5 billion, a
Strive, a Nasdaq-listed Bitcoin treasury company, bought 2,000 Bitcoin last week. It was the company’s largest purchase in four months.
Strive paid an average of about $84,422 per coin between Sept. 28 and Oct. 2, including fees. That works out to roughly $169 million, according to a filing with the SEC.
The company held 29,462 Bitcoin as of Oct. 2. At about $86,000 per coin, those holdings are worth around $2.5 billion.
Its last purchase of this size was 2,500 Bitcoin, bought between May 23 and June 1. That deal lifted its total to 19,000 coins.
Strive, co-founded by Vivek Ramaswamy, raises money from investors and holds Bitcoin instead of cash. In September 2025, it agreed to buy Semler Scientific, a healthcare technology firm holding roughly 5,000 Bitcoin.
Shareholders approved the deal in January, creating a combined stash of about 12,800 Bitcoin. Holdings reached 14,557 by late April and 20,246 by mid-August.
The value of Strive’s holdings is up 48% since July 2. The company ranks fifth among public Bitcoin holders, behind Strategy, Twenty One Capital, Metaplanet and MARA.
The filing put Strive’s average cost at $90,170 per Bitcoin at the end of September. That is above the roughly $86,000 where Bitcoin traded on Monday.
In recent weeks, Strive has raised most of its money by selling SATA, a type of preferred stock. SATA supplied 70% of capital in the week ending Sept. 4 and 85% in the week ending Sept. 25.
Each SATA share has a $100 stated amount and currently pays about $13 a year. The rate can change, and cash payments require board approval.
Under SATA’s terms, dividends build up even when they are not declared. Strive reported 13,498,082 SATA shares as of Oct. 2, up from 12,193,180 on Sept. 25.
On Oct. 5, Strive disclosed an optional program to buy back up to $500 million of SATA shares. The filing lets management repurchase shares from time to time.
The $500 million limit is $215.3 million more than the company’s reported cash of $284.7 million as of Oct. 2. Strive has no debt and says it plans to stay debt-free.
The program does not require Strive to spend the full amount. Retiring SATA shares could lower future dividend payments, but money spent on buybacks would not be available for more Bitcoin purchases.
SATA’s terms allow market repurchases separate from optional redemption, which has a base price of $110 per share plus unpaid dividends. The new program does not set a $110 price for every buyback.
As of the Oct. 5 filing, Strive had not reported any completed SATA repurchases. The filing also listed no dedicated funding source and no timetable for the program.
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