Vivek Ramaswamy’s Strive Buys 1,375 BTC for $109…

Strive has purchased another 1,375 Bitcoin for approximately $109 million, extending an aggressive accumulation campaign that has increased its cryptocurrency holdings by more than 20% over the past three weeks. The company acquired the Bitcoin between August 31 and September 4 at an average price of approximately $79,281 per BTC, including fees and expenses, according to a Form 8-K filed with the U.S. Securities and Exchange Commission on September 8.The purchase increased Strive's holdings from 23,156 BTC to 24,531 BTC. Strive was co-founded by entrepreneur and former Republican presidential candidate Vivek Ramaswamy, although the company is currently led by CEO Matt Cole. At the acquisition price, Strive's latest purchase represents an investment of roughly $109 million.

SATA Finances Majority of Latest Bitcoin Purchase

A significant portion of the capital supporting Strive's continued accumulation is now coming from its Variable Rate Series A Perpetual Preferred Stock, traded under the ticker SATA. Cole said approximately 70% of the capital Strive raised last week came through SATA. Outstanding SATA shares increased by 921,511 during the period, from 9.07 million to almost 10 million. That brought the security's notional value to approximately $999 million, placing it just below the $1 billion threshold. The preferred-stock structure gives Strive another mechanism for financing Bitcoin purchases without relying exclusively on issuing common shares.Strive's effective common shares outstanding nevertheless increased from approximately 93.26 million to 94.93 million during the week. Despite spending roughly $109 million on Bitcoin, the company's cash and cash equivalents increased from $183.5 million on August 28 to $202.6 million on September 4. Strive also continued holding 505,000 shares of Strategy's STRC preferred stock, valued at approximately $49.4 million.

Bitcoin Holdings Rise 21% in Three Weeks

The latest acquisition represents Strive's third consecutive week of increasing its Bitcoin holdings by more than 5%, according to Chief Risk Officer Jeff Walton. Its position has grown from 20,245 BTC three weeks ago to 24,531 BTC, an increase of approximately 21.1%. That pace is moving Strive higher among publicly traded Bitcoin treasury companies, although it remains far behind Strategy, which held 845,050 BTC after making no additional Bitcoin purchases last week. Strive has also discussed the possibility of challenging Twenty One Capital for the position behind Strategy among major corporate Bitcoin treasuries. With roughly 16 weeks remaining in 2026, The Block estimates Strive would need to acquire approximately 1,200 BTC per week to overtake Twenty One this year, assuming Twenty One's holdings remain unchanged.Cole previously said that outcome is possible but is not Strive's base-case expectation. Future purchases could receive additional financing from the company's outstanding warrants. Strive has more than $700 million of warrants outstanding, which management has estimated could generate as much as $1.4 billion of additional purchasing capacity if exercised. The strategy carries substantial exposure to Bitcoin's price. Strive reported a $265.9 million net loss during the first quarter, largely reflecting unrealized losses on its Bitcoin position during the market downturn. Its continued purchases demonstrate that the decline has not changed its treasury strategy. Instead, Strive is expanding the financing infrastructure behind it. With 24,531 BTC now on its balance sheet and SATA approaching $1 billion in notional value, the company's ability to continue accumulating Bitcoin increasingly depends not only on cryptocurrency prices but also on investor demand for the securities being used to finance those purchases.