Strive Adds 1,375 Bitcoin, Total Holdings Reach 24,532 BTC
ASST has more than doubled off its 52-week low of $7.02.
Summary
Strive purchased 1,375 Bitcoin, bringing total holdings to 24,532 BTC. This follows the CEO's September 7 preview of a purchase exceeding 1,100 BTC, and continues an aggressive accumulation strategy that has increased Bitcoin holdings by over 225% in 2026. The company now ranks as the fifth-largest publicly traded corporate Bitcoin holder. Funding comes from common stock offerings and preferred stock, with the company nearly debt-free after retiring legacy obligations. The purchase reinforces Strive's commitment to maximizing per-share Bitcoin exposure, though it also adds to dilution risk from ongoing equity issuance.
Updates
· Crypto Briefing — The purchase was funded primarily through SATA preferred stock, now at $999 million notional outstanding, with about 70% of the week's capital from SATA issuance. Average purchase price was $79,281, bringing total holdings to 24,531 BTC at an average cost basis of $91,467.
At the time of this announcement, ASST was trading at $26.37 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $2.4B. The 52-week trading range was $7.02 to $252.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Crypto Briefing.