Strike Treasury increased its holdings of 469 bitcoins, bringing its cumulative holdings to 25,000 b

Strive bought another 469 bitcoins, bringing a total position of 25,000.

According to documents filed with the U.S. Securities and Exchange Commission (SEC), Strive, a U.S. listed company, corporate Bitcoin Treasury and asset manager, once again increased the number of bitcoins on its balance sheet by one batch last week. The company spent approximately US$36.6 million to purchase 469 bitcoins between September 8 and September 11, raising its total position to 25,000.

In the same SEC filing, Strive said the purchase was funded entirely through proceeds from the sale of its perpetual preferred stock SATA. With SATA's nominal value now exceeding $1 billion, Strive also disclosed its cash position and other positions as of September 11.

Core Points

• Purchase Details: Strive spent approximately US$36.6 million to purchase 469 bitcoins, with an average purchase price of US$77,954 per coin (including fees and expenses). The purchase time was September 8 to 11.
• Size of positions: The company's total treasury of bitcoins now reaches 25,000, making it one of the largest publicly traded corporate holders.
• Source of funding: The acquisition funds came entirely from the sale of SATA preferred shares, and the outstanding nominal value of SATA has exceeded the US$1 billion mark.
• Asset Status: As of September 11, Strive reported having $204.2 million in cash and cash equivalents, and 505,000 Strategy STRC preferred shares worth approximately $49.8 million.
• Market performance: Driven by the Bitcoin accumulation narrative, Strive's share price soared. Although it holds less absolute bitcoins than some of its peers, its market value has surpassed that of some of its peers.

New purchases of bitcoins increase treasury size

Strive's SEC filing shows that the company acquired 469 BTC during a four-day window from September 8 to 11. The reported average purchase price of Bitcoin is US$77,954 per coin, which includes related fees and expenses.

For reference, according to CoinGecko data quoted in the basic information of the article, the transaction price of the largest cryptocurrency (Bitcoin) by market value at that time was approximately US$78,823.

This transaction brought Strive's total Bitcoin position to 25,000. This also continues a broader trend among corporate treasury companies: Bitcoin is accumulated not only for balance sheet exposure, but also to influence the way investors value their equity in these companies.

SATA preferred shares remain the main financing engine

Strive CEO Matt Cole said the purchase was funded entirely through the proceeds of selling the company's permanent preferred shares of SATA. Documents show that SATA is now quite large: its outstanding nominal value has exceeded US$1 billion.

The document also shows the growth of SATA shares. Strive reported that SATA shares outstanding increased by 402,541 shares during the same period, bringing a total of approximately 10.4 million shares.

This is important to readers because corporate buyers often face a recurring question: whether acquisitions are funded from operating cash flow or are essentially funded through capital markets. In Strive's case, the document directly linked its latest Bitcoin purchases to the issuance and sale of SATA, making the preferred stock pipeline a key variable for future accumulation.

Balance Sheet Details: Cash and Strategy STRC Preferred Shares

In addition to Bitcoin, the document also provides a glimpse of Strive's other liquid assets and investments as of September 11. Strive reported holding $204.2 million in cash and cash equivalents.

In addition, the company also disclosed that it holds 505,000 STRC preferred shares of Strategy, which the document values at approximately US$49.8 million. Together, these numbers reflect the company's immediate liquidity levels outside of its growing Bitcoin reserves.

While Bitcoin is a headlining asset, the presence of cash positions and STRC preferred shares is crucial to understanding a company's flexibility-especially when markets are volatile or companies need to manage equity-linked funds.

Market capitalization momentum and warrant driven upside potential

Strive shares rose more than 7% on Monday to about $29, according to data cited by Yahoo Finance. The stock price move continues a broader recent rally, with the stock reportedly more than doubling its gains in the past month.

The rally helped Strive's market value grow faster than some of its peers. According to article information, Strive's market value exceeded Metaplan last week, although Metaplan holds much more bitcoins. Based on figures cited in comparative data, as of Monday, Strive had a market value of approximately $2.5 billion, compared with Metaplane's $1.9 billion.

Investors are also closely watching potential near-term dilutions and capital inflows associated with the Strive warrant structure. The article pointed out that as Strive's share price has climbed above the exercise price of US$27, and the relevant warrants will expire in mid-October. If warrant holders exercise their rights, BitcoinTreasuries.net estimates Strive could receive more than $700 million in new capital, depending on how many warrants are redeemed.

Earlier this month, CEO Matt Cole said it was "not impossible" to become the second-largest publicly traded Bitcoin holder by the end of the year, but also said this was not his basic expectation. As Strive outpaces some of its peers in market capitalisation, the question for shareholders becomes whether stock price performance will continue to follow the growth of the treasury or begin to decouple as expectations adjust.

Why the latest accumulation may be important next

Strive's latest bitcoin purchase strengthens a key theme in the corporate treasury market: Access to structured capital (in this case SATA preferred stock) can materially affect the speed at which these companies add bitcoin, and how the stock market prices this accumulation. Readers should focus next on how much SATA demand will translate into future purchasing power, and whether the exercise of warrants in October will change Strive's financing speed and dilution prospects.