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BTC Bitcoin and Corporate Treasury News
Strive filed Form 8-K with the U.S. Securities and Exchange Commission (SEC) on September 8, revealing that it purchased 1,375 bitcoins (BTC) between August 31 and September 4. The company pays an average price of $79,281 per coin, with a total cost of approximately $109 million. Its cumulative BTC positions now reach 24,531, with a value of approximately US$1.96 billion.
Most of the funding last week came from a single source. Strive CEO Matt Cole said that 70% of the funds raised this week came from the sale of the company's SATA perpetual preferred shares, and the remaining 30% came from the sale of common stock. SATA is a high-yield instrument that pays dividends daily at an annualized 13% and continues to trade near its $100 face value. 
SATA's nominal outstanding volume reached approximately US$999 million after increasing by 921,511 shares during the week, pushing the total outstanding shares to just below 10 million shares. Cole posted on X to celebrate the moment: "It's time to break the billion-dollar mark."
STRC lags behind par as strategy, SATA performs well
Last week, Strive's cash and equivalents increased from $183.5 million to $202.6 million. Its 505,000 shares in Strategy's STRC preferred stock remained unchanged. The STRC, which has an annualized dividend yield of 12%, has not been able to return to its $100 face value since mid-May, and as of September 8, it was trading at close to $98.
Strategy made no changes to its 845,050 BTC positions last week. Executive Chairman Michael Saylor said the company instead spent $176 million to buy back STRC shares and doubled its authorized STRC repurchase program from $1 billion to $2 billion, funding these repurchases entirely in cash. Saylor said that as of September 7, Strategy held $6.5 billion in U.S. dollar assets, and its USD cash balance fell to $1.438 billion after the repurchase.
Strive's ASST common stock price has more than doubled in the past month, rising 56% year-to-date, although it is still about 90% below the record high set about a year ago. On Friday, the stock briefly broke through the $27 warrant exercise price to hit $27.27, before falling about 3.5% to about $26.20 shortly after the market opened on Tuesday.
Related article: Is the next target 100,000 bitcoins? As devaluation trading begins, the bear market gradually recedes.
Strive needs to buy an average of 1,200 BTC per week to overtake Twenty One Capital
With about 16 weeks left in 2026, Strive needs to buy about 1,200 BTC per week to overtake Twenty One Capital and become the second largest public Bitcoin vault before the end of the year. This calculation assumes Twenty One does not increase its own positions during this period. Cole said the result was possible, but it was not his benchmark scenario.
He pointed to more than $700 million in outstanding warrants and estimated that if exercised, it could generate up to $1.4 billion in funds that Strive could then use to purchase more BTC. On September 8, BTC was trading at around $74,300, recovering from its weakest intraday low of $73,700 in six days. Previously, the token briefly climbed above $82,300 last Thursday before falling back.
