Strive keeps outbuying Strategy as $107.7 million Bitcoin purchase lifts ASST
- Strive bought 1,355 Bitcoin for $107.7 million on Monday, lifting its treasury to 26,355 BTC.
- The purchase was larger than Strategy’s 950-coin purchase the same day.
- The ASST stock is up more than 120% over the past month and has cleared Wall Street’s year-end targets.
Strive (NASDAQ: ASST) added 1,355 Bitcoin to its treasury for $107.7 million in the latest purchase announced by CEO Matt Cole on Monday, September 21, 2026, extending the firm’s reputation as Bitcoin’s largest buyer in recent times.
With the latest purchase, Strive is now at 26,355 BTC on a stash that has grown almost vertically since the company started buying BTC after its September 2025 merger.
As of this Cryptopolitan report, Strive’s ASST stock was up more than 6% pre-market, riding a month-long rally that saw the stock race past $30 on Friday, September 18.
Who is now leading Bitcoin accumulation?
Cole said Strive paid an average of $79,475 per coin for the latest 1,355 Bitcoin it bought. Bitcoin’s most consistent buyer outdid Michael Saylor’s Strategy (NASDAQ: MSTR), whose first Bitcoin purchase since August 31 came in at nearly $76 million on 950 BTC on the same day as the Strive disclosure.
Despite the recent Strive acceleration, Strategy is still in a league of its own, with its $71.9 billion, 846,000 BTC stash miles ahead of Twenty One Capital, the firm closest to it on the accumulation log, with 43,514 BTC. Strive is further behind in fifth place, with 26,355 BTC.
However, where Strive holds a clear lead is in the checks it writes on a week-to-week basis. It bought 1,800 coins in late August, 1,375 the week after, a 469 BTC purchase that pushed it to 25,000, and now this week’s 1,355 BTC.
How is Strive funding its Bitcoin buying?
Strive has leaned almost entirely on SATA, its Variable Rate Series A Perpetual Preferred Stock, which pays a 13% dividend every business day and crossed $1 billion in notional value earlier this month. The prior week’s 469-coin buy was funded 100% by SATA, as Cryptopolitan reported.
Cole said warrant exercises began last week and brought in $21.2 million in gross proceeds. Counting that new money, SATA accounted for 57.7% of the total capital raised, a lower share than the all-preferred weeks that preceded it. The warrants give Strive a second lever to pull without leaning harder on its daily-paying preferred.
Markets are moving in on ASST
ASST has been on a run since it closed August 18 at $12.80. It traded above $30 by September 18, a gain of more than 120% in a month, per Google Finance data. Year to date, the stock is up roughly 90%, with a market value around $2.5 billion to $2.6 billion.
The rally has also lifted SATA back to its $100 par, which keeps the at-the-market program that funds the coin buying open for business.
The backdrop helps. Bitcoin tapped $85,000 on Monday for the first time since January, its highest in months. Strive’s 26,355 coins are worth about $2.2 billion at current prices, according to Bitcoin Treasuries.
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FAQs
How much Bitcoin did Strive just buy and what did it pay?
Strive acquired 1,355 BTC for $107.7 million at an average cost of $79,475 per coin, CEO Matt Cole said on X on September 21, bringing total holdings to 26,355 BTC.
How did Strive fund the purchase?
Warrant exercises that began the prior week generated $21.2 million in gross proceeds, and including those, 57.7% of the total capital raised came from SATA, Strive's Variable Rate Series A Perpetual Preferred Stock.
How does Strive's Bitcoin holding compare to Strategy's?
Strive ranks fifth among public-company Bitcoin holders with 26,355 BTC, far behind Strategy, which reported 846,000 BTC worth around $71.9 billion after its own 950-coin purchase disclosed the same day.
Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Hannah Collymore
Hannah is a writer and editor with nearly a decade of blog writing and event reporting experience in the crypto space. At Cryptopolitan, Hannah contributes to the news page, reporting and analyzing the latest developments in DeFi, RWA, crypto regulation, AI and frontier tech industries. She graduated from Arcadia university with a degree in Business Administration.
