---
title: "Strive Adds 469 Bitcoins in a Recent Treasury Move"
date: 2026-09-14
author: "Kelvin Scott"
featured_image: "https://coinlaw.io/wp-content/uploads/2026/09/strive-adds-469-btc.jpg"
categories:
  - name: "Cryptocurrency"
    url: "/crypto.md"
tags:
  - name: "News"
    url: "/tag/news.md"
---

# Strive Adds 469 Bitcoins in a Recent Treasury Move

Strive, Inc. told the U.S. Securities and Exchange Commission on September 14, 2026 that it bought 469 bitcoin between September 8 and 11, roughly a third of the prior week’s pace, taking its treasury to 25,000 BTC.

## Key Takeaways

- Strive bought 469 bitcoin over four days at an average price of about $77,954, or roughly $36.6 million.
- The company’s bitcoin treasury now stands at 25,000 coins, up from the 24,531 reported in its previous weekly disclosure.
- Strive’s buying pace fell to 469 bitcoin from 1,375 a week earlier, a drop of roughly two thirds.
- SATA preferred shares outstanding rose by 402,541 over the period, while Class A common stock grew by just 34,206 shares.
- Cash and cash equivalents edged up to $204.2 million, and the Strategy STRC position stayed flat at 505,000 shares.

## What Happened?

Strive disclosed the purchase in an [8-K filed with the SEC](https://www.sec.gov/ix?doc=/Archives/edgar/data/1920406/000162828026061682/asst-20260914.htm), which states the company “**purchased 469 bitcoin at an average price of approximately $77,954 per bitcoin, inclusive of fees and expenses.**” The filing covers holdings, cash and share counts as of September 11.

Cash and cash equivalents rose by $1.6 million to **$204.2 million**. Strive’s 505,000 shares of Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, the STRC issue, did not change in number, though their fair value gained $449,000 to $49.8 million. The company has been building the position since March, when it put $50 million into the Strategy preferred series.

> . [@Strive](https://x.com/Strive?ref_src=twsrc%5Etfw) bought 469 BTC between Sept. 8 and 11 at an average price of about $77,954 per bitcoin, according to an SEC filing.  
>   
> The company now holds 25,000 BTC, plus [@Strategy](https://x.com/Strategy?ref_src=twsrc%5Etfw) preferred shares and $204.2 million in cash.
> 
> — CoinLaw (@coinlaw\_io) [September 14, 2026](https://x.com/coinlaw_io/status/2099480512968679501?ref_src=twsrc%5Etfw)

 ## The buying pace fell well short of Cole’s own year-end math

Strive bought **1,375 bitcoin the week before at an average price of $79,281**, about $109 million. CEO **Matt Cole** said in that period that overtaking Twenty One Capital as the second-largest corporate bitcoin treasury by year-end would take roughly **1,200** bitcoin a week, a pace he did not treat as his base case. The 469 coins land at about 39% of that figure, still well above the 79 coin buy that took Strive to its [20,000 BTC milestone](https://coinlaw.io/strive-buys-79-bitcoin-20k-holdings/) in July.

Price gives the slowdown some context. Bitcoin traded at **$77,665.57 at 9:15 a.m. ET** on the final day of the purchase window, which puts Strive’s average cost of $77,954 slightly above spot.

## Preferred stock did the funding

The share tables carry the mechanism. SATA preferred shares outstanding climbed by **402,541** while Class A common rose by **34,206**, and outstanding options fell by 43,666. Assumed fully diluted shares shrank by **9,460** to **98,139,091.** Common holders absorbed no meaningful dilution from a purchase of this size.

What the filing shows is share counts and balances, not a breakdown of proceeds by instrument for these four days. Cole put SATA at about 70% of capital raised in the prior week, and no equivalent figure has been published for this one. Investors already holding ASST or SATA can read the 8-K itself for the SATA dividend rate language and the warrant and option counts, which move independently of the bitcoin line.

## The Bottom Line

The structure here is doing more work than the purchase size. Strive is running a treasury that grows through perpetual preferred issuance, so the [bitcoin](https://coinlaw.io/bitcoin-statistics/) count rises while the common share count barely moves, and the cost of that arrangement sits in the dividend obligation. A quieter week does not break the model; it does show that issuance volume sets the weekly buying number.

Context sharpens the read. Strategy held 845,050 bitcoin and [bought none in the comparable week](https://coinlaw.io/strategy-halts-bitcoin-139m-strc-buyback/), choosing instead to repurchase its own preferred stock, which leaves Strive as one of the few large [bitcoin treasury companies](https://coinlaw.io/bitcoin-treasury-companies-statistics/) still adding at all. Three questions stay open: how much of this purchase came from SATA proceeds, whether the dividend rate moves again, and how Strive closes a year-end gap its own chief executive priced at 1,200 coins a week.