Strive (ASST) Secures $86M to Expand Bitcoin Treasury Holdings

Key Takeaways

Table of Contents

Between September 21 and 23, Strive generated approximately $85.88 million through SATA preferred stock sales across three trading sessions.
According to BitcoinTreasuries.net projections, this capital could purchase approximately 1,002 Bitcoin.
During the week concluding September 20, Strategy acquired 950 BTC but allocated $174 million toward repurchasing its STRC preferred shares.
Strive’s most recent official disclosure indicated a Bitcoin treasury of 26,355 BTC through September 18.
Investors can access Strive’s Bitcoin strategy through either ASST or SATA, both listed on Nasdaq.

Strive continues to accelerate its position in the corporate Bitcoin acquisition landscape. Over three consecutive trading days this week, the firm generated an estimated $85.88 million via its SATA preferred stock offering, based on data compiled by BitcoinTreasuries.net.

LATEST: 💰 Strive bought another 1,355 Bitcoin, pushing its total holdings to 26,355 BTC, worth roughly $2B. pic.twitter.com/QkAM8eJcl0

— CoinMarketCap (@CoinMarketCap) September 22, 2026

Using current market valuations, this capital injection could facilitate the purchase of approximately 1,002 Bitcoin. While these figures represent projections pending official confirmation, they demonstrate Strive’s continued momentum while competitors adjust their strategies.

The fundraising effort spanned from September 21 through September 23, with each session generating varying amounts of capital.

Daily Fundraising Breakdown

The September 21 session saw Strive liquidate approximately 284,000 SATA shares, generating $27.69 million in net capital. At an average Bitcoin price of $86,001, this amount could secure roughly 322 BTC.

Strive, Inc., ASST

The following day marked the most significant session. Nearly 370,000 shares changed hands for $36.08 million, sufficient to acquire an estimated 418 BTC at $86,266 per unit.

During the final session on September 23, approximately 226,700 shares generated $22.11 million in proceeds. This translates to roughly 261 BTC based on an average price of $84,556.

BitcoinTreasuries.net derives these projections by monitoring SATA trading volume when shares trade at or above the $100 par value threshold. The platform calculates estimated net proceeds and divides by Bitcoin’s daily price. While the methodology is calibrated against Strive’s official regulatory filings, these remain estimates pending company confirmation.

Strive’s most recently confirmed acquisition spanned September 14 to 18. During this window, the company purchased 1,355 BTC for approximately $107.7 million, averaging $79,475 per Bitcoin. This transaction expanded its disclosed holdings from 25,000 BTC to 26,355 BTC.

CEO Matt Cole provided additional context regarding the capital sources. In a post on X, he disclosed that warrant exercises contributed $21.2 million, while SATA proceeds represented 57.7% of total capital raised during that period.

Contrasting Strategy’s Recent Moves

Strategy, the dominant corporate Bitcoin holder, pursued a distinctly different approach in its latest reporting period. The firm acquired 950 BTC for $75.7 million, averaging $79,670 per Bitcoin, bringing total holdings to 846,000 BTC.

However, Strategy simultaneously deployed $174 million to repurchase its STRC preferred stock. This decision carries particular significance given that STRC has traded below its $100 par value since June, with no new capital raised through this instrument in recent months.

Strategy financed both initiatives using existing USD reserves, which declined from approximately $1.30 billion to $1.05 billion throughout the week. The company reported zero new STRC sales during this period in its SEC documentation.

Strive, conversely, has maintained continuous activity through its ATM program. It’s noteworthy that Strive maintains a position in Strategy’s preferred stock, holding 505,000 STRC shares valued at approximately $49.7 million as of September 18.

For September, SATA carries a 13% annualized dividend rate. STRC’s corresponding rate stands at 12%, according to company disclosures.

Both Strive’s ASST common stock and SATA preferred shares trade on the Nasdaq exchange. Strategy’s average acquisition cost across its complete 846,000 BTC position calculates to $75,416 per Bitcoin, representing a cumulative investment of approximately $63.8 billion.

Strive’s upcoming SEC filing will confirm whether the estimated SATA proceeds from this week were deployed toward additional Bitcoin acquisitions.

✨ Limited Time Offer