Strive Expands Bitcoin Holdings with Significant Purchase

Strive, a prominent asset manager, has continued to expand its cryptocurrency portfolio by acquiring 1,109 additional bitcoin worth $85.4 million. This significant purchase has increased Strive's total holdings to 16,500 BTC, positioning the company seventh among listed companies in terms of bitcoin holdings.

The acquisition is notable as it comes at a time when Strategy, another prominent corporate entity, had temporarily halted its weekly bitcoin buying and shifted resources to repaying $1.5 billion in convertible bonds due in 2029. This has created an opportunity for Strive to fill the gap and expand its holdings.

Strive's CEO, Matt Cole, has stated that the average purchase price for this batch was approximately $76,989 per coin. The company has made 17 such purchases since September 2025, with a total value of its holdings now standing at around $1.64 billion (approximately 2.47 trillion won).

The funding structure for Strive's purchases is also under scrutiny, with the support from SATA, a preferred stock with an annualized dividend of 13 percent, being particularly noteworthy. The company has also announced plans to restart its at-the-market sale programs for Class A shares and SATA, which would provide flexibility for future fundraising and purchases.