Strive, the Vivek Ramaswamy-founded asset manager, added 1,375 Bitcoin for about $109 million last week, lifting total holdings to 24,531 BTC. The purchase marks a third consecutive week of 5-percent-plus growth, with SATA preferred stock approaching $1 billion in notional value.
Strive acquired 1,375 Bitcoin for roughly $109 million between Aug. 31 and Sept. 4, expanding its total stack to 24,531 BTC.
Seventy percent of the capital raised last week came from SATA, Strive's Variable Rate Series A Perpetual Preferred Stock, which now has $999 million in notional value outstanding, CEO Matt Cole said in a post on X. The Nasdaq-listed firm paid an average of $79,281 per Bitcoin, putting its holdings at roughly $1.9 billion at current prices.
Chief Risk Officer Jeff Walton said holdings rose 5.9 percent week over week from 23,156 BTC to 24,531 BTC — the third straight week Strive has posted gains above 5 percent. Over the past three weeks, the stack has grown 21.1 percent from 20,245 BTC.
The preferred-stock structure is Strive's answer to a problem every Bitcoin-buying company faces: how to keep raising cash without diluting shareholders too quickly or taking on debt with fixed repayment schedules. SATA shares pay a fixed dividend currently set at 13 percent annually and have held closer to their $100 face value than Strategy's comparable STRC preferred, which sank below par this year as Bitcoin dropped.
Strive is now the fifth-largest corporate Bitcoin treasury globally, trailing Michael Saylor's Strategy, Tether-backed Twenty One Capital, and others, according to Bitcoin Treasuries data. Twenty One Capital holds roughly 43,500 BTC as the No. 2 public treasury, leaving a gap of about 19,000 BTC between the two firms.
Strive went public in September 2025 through a merger with Asset Entities and added roughly 5,048 BTC by acquiring Semler Scientific. The firm, co-founded by Vivek Ramaswamy, has bought Bitcoin nearly every week since, funding purchases through a rotating mix of common stock and SATA.
Cash and equivalents climbed to $202.6 million even after the purchase, and Cole has pointed to more than $700 million in outstanding warrants that could unlock as much as $1.4 billion for future Bitcoin buys. SATA shares outstanding increased by 921,511 to nearly 10 million.
The sustained pace has consequences beyond Strive's balance sheet. At current accumulation rates, the firm would need roughly 1,200 BTC per week for the remaining 16 weeks of 2026 to close the gap with Twenty One Capital — a cadence Strive has only touched in its most aggressive recent stretches. During the crypto winter, the company posted a $265.9 million net loss in the first quarter, driven almost entirely by a paper loss on its Bitcoin holdings when the price dropped. ASST shares had fallen 86 percent from a post-merger high of $130 by mid-May before rebounding as Bitcoin recovered, and Strive has since unveiled daily dividend payments on SATA to make the stock more attractive to buyers.
This article is for informational purposes only and does not constitute investment advice.
