Strive, Inc. (NASDAQ: ASST) purchased 1,355 bitcoin between September 14 and September 18, 2026, at an average price of about $79,475 per coin, according to a Form 8-K filed with the SEC. The purchase lifted the company’s total bitcoin treasury to 26,355 BTC.
Key Takeaways
- Strive bought 1,355 bitcoin for roughly $79,475 each, inclusive of fees, during the five-day window ending September 18.
- Total bitcoin holdings rose to 26,355 BTC, up from 25,000 BTC the prior week.
- Cash and cash equivalents grew to $229.6 million, a $25.4 million increase from September 11.
- Class A common shares outstanding rose by 2,073,760 to 87,804,613, while Class B shares fell by 39,875.
- Shares of the company’s SATA Stock climbed to 11,184,160, up 786,194 from the prior week.
What Happened?
Strive disclosed the bitcoin purchase in an 8-K filed with the Securities and Exchange Commission on September 21, 2026. The filing covers the five trading days from September 14 through September 18 and updates the company’s holdings of cash, bitcoin, and other securities as of each Thursday close.
The company held 505,000 shares of Strategy Inc.’s Variable Rate Series A Perpetual Stretch Preferred Stock, known as STRC Stock, unchanged from the prior week. The fair value of that position slipped slightly to $49.748 million from $49.813 million.
Strive’s Effective Common Shares Outstanding, the sum of Class A and Class B common stock, rose to 97,002,649 from 94,968,764. Assumed Fully Diluted Shares, which layers in outstanding options and unvested employee stock awards, climbed to 100,144,713. Shares underlying the company’s traditional warrants fell to 25,810,455 from 26,596,010, reflecting warrant exercises during the period.
Strive acquired 1,355 $BTC for $107.7M at an average cost of $79,475 per bitcoin, bringing total holdings to ₿26,355.
— Matt Cole (@ColeMacro) September 21, 2026
Warrant exercises began last week, generating $21.2M in gross proceeds. Including those proceeds, 57.7% of total capital raised came from SATA.$ASST $SATA pic.twitter.com/UfrI1mRw3f
Strive’s Bitcoin Accumulation
Strive has built its bitcoin position steadily through 2026, following the same weekly-disclosure cadence that other corporate treasury companies use to report accumulation activity. The company’s holdings crossed 20,000 BTC earlier this year before reaching the 25,000 BTC mark just one week before this latest purchase, according to prior 8-K disclosures.
The company’s bitcoin treasury strategy sits alongside its equity stake in Strategy Inc., the firm founded by Michael Saylor that pioneered the corporate bitcoin treasury model. Strive’s STRC Stock holding gives it direct exposure to Strategy’s preferred equity structure in addition to its own bitcoin balance sheet.
Strive completed its acquisition of Semler Scientific, Inc. earlier in 2026 after shareholders from both companies approved the all-stock transaction. The filing’s forward-looking statement section continues to reference integration of the combined businesses as an ongoing consideration for the company’s financial performance.
The Bottom Line
The purchase pattern shows a company funding bitcoin accumulation through multiple channels at once. Cash reserves grew by $25.4 million in the same week Strive added 1,355 BTC, while Class A share count and SATA Stock both expanded, pointing to capital raises running in parallel with treasury purchases rather than a single funding source being drawn down.
A steady purchase reported roughly every week against a rising share count, mirrors the transparency model that other public bitcoin treasury companies have adopted since the SEC began treating these disclosures as material events. For a company that also holds preferred equity in Strategy Inc., the dual exposure to bitcoin directly and to another treasury company’s capital structure makes Strive’s balance sheet more sensitive to bitcoin price movements than a single-asset holder, a factor investors weighing the stock typically factor into position sizing rather than timing any single purchase.
