2 weeks ago
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Strive Inc. has added another 1,375 Bitcoin to its corporate treasury, pushing total holdings to 24,532 BTC. The company has now increased its Bitcoin position by more than 225% in 2026 alone.
The purchase cements Strive’s position as the fifth-largest publicly traded corporate Bitcoin holder, trailing only Strategy (formerly MicroStrategy), Twenty One Capital, Metaplanet, and MARA Holdings. For a company that began its public life through the acquisition of medical device firm Semler Scientific, that’s a remarkable transformation.
A buying machine with 29 purchases and counting
Strive’s Bitcoin accumulation has been anything but sporadic. The company has executed roughly 29 disclosed purchases since going public, building a war chest at an aggregate average cost basis in the mid-$90,000s per BTC.
The latest 1,375 BTC addition follows a stretch of particularly aggressive buying. From August 24 to 28, Strive scooped up 1,800 BTC for $143 million, paying an average of approximately $79,431 per coin including fees. That came on the heels of a separate 1,110 BTC purchase for $81.5 million just the prior week, which had brought total holdings to 21,356 BTC.
CEO Matt Cole had telegraphed additional buying around September 7, signaling a forthcoming acquisition of over 1,100 BTC. The latest purchase appears to be the execution of that plan, bringing the running total to 24,532 BTC.
At recent Bitcoin prices, that stash is worth north of $1.85 billion.
Equity over debt: Strive’s funding playbook
Strive funds its purchases through a combination of common stock offerings and its Variable Rate Series A Perpetual Preferred Stock, which trades under the ticker SATA. The company recently retired legacy debt obligations inherited from the Semler Scientific acquisition, leaving it with a nearly debt-free financial position.
That Semler Scientific deal contributed a meaningful head start. Semler had already accumulated 5,048 BTC before Strive acquired the company, giving Strive a substantial foundation to build upon.
The corporate Bitcoin arms race intensifies
Twenty One Capital, Metaplanet, and MARA Holdings all sit above Strive in the rankings. Strive has been explicit about its goal, publicly committing to an aggressive accumulation strategy specifically designed to maximize per-share Bitcoin exposure.
Strive’s average cost basis in the mid-$90,000s means the company is sitting on meaningful unrealized gains at current price levels.
With 29 purchases already disclosed in 2026 and a CEO who previewed the September 7 acquisition before the prior purchase was complete, the pace of accumulation shows no sign of slowing. The only real constraint is how much equity the market will absorb.
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