Strive Pushes Preferred Stock Toward $1 Billion Milestone with $109 Million Bitcoin Purchase
Strive, a Nasdaq-listed asset manager, has made another significant move in its pursuit of Bitcoin, purchasing 1,375 coins at an average price of $79,281 per Bitcoin. This latest acquisition, valued at $109 million, has pushed Strive's total holdings to 24,531 BTC, worth approximately $1.9 billion at current prices. The company's preferred stock, SATA, has also reached a notable milestone, with a notional value of $999 million outstanding, just shy of the $1 billion mark.
Strive's Preferred Stock Structure: A Key to Raising Capital
Strive's preferred stock approach has been a crucial factor in its ability to raise capital without diluting shareholders too quickly or taking on debt. By selling SATA shares near their $100 face value and funneling the proceeds into Bitcoin, Strive pays preferred holders a steady dividend while maintaining a stable cash position. This structure has allowed the company to continue buying Bitcoin despite market fluctuations, with its holdings rising 5.9% week over week and 21.1% over the past three weeks.
Strive's Bitcoin Holdings: A Growing Presence in the Market
Strive's Bitcoin holdings have grown significantly since the company went public in September 2025. With a current total of 24,531 BTC, Strive is now the fifth largest corporate Bitcoin treasury in the world, surpassing giants like SpaceX, Coinbase, and Trump Media and Technology Group. The company's pace of growth is also notable, with a 21.1% increase in holdings over the past three weeks. This rapid expansion has put Strive in a position to close the gap with Twenty One Capital, the Tether-backed firm holding roughly 43,500 BTC.
Strive's Cash Position and Future Growth Prospects
Despite the recent purchase, Strive's cash position has actually grown, from $183.5 million to $202.6 million. The company has also pointed to more than $700 million in outstanding warrants that could unlock as much as $1.4 billion more for future Bitcoin buys. This suggests that Strive has a significant amount of capital available to continue its Bitcoin purchases, potentially leading to further growth in its holdings.
Key Takeaways and What to Watch Next
* Strive has purchased 1,375 Bitcoin at an average price of $79,281 per coin, valued at $109 million.
* The company's preferred stock, SATA, has reached a notional value of $999 million outstanding, just shy of the $1 billion mark.
* Strive's Bitcoin holdings have grown 5.9% week over week and 21.1% over the past three weeks.
* The company is now the fifth largest corporate Bitcoin treasury in the world, surpassing giants like SpaceX, Coinbase, and Trump Media and Technology Group.
* Strive's cash position has grown, and the company has pointed to more than $700 million in outstanding warrants that could unlock as much as $1.4 billion more for future Bitcoin buys.
As Strive continues to grow its Bitcoin holdings, investors will be watching closely to see how the company's preferred stock structure and cash position impact its future growth prospects. With a significant amount of capital available for future purchases, Strive is well-positioned to continue its aggressive expansion in the Bitcoin market.
