[DigitalToday reporter Yoonseo Lee] Strive bought an additional 1,107 bitcoin last week, increasing total holdings to 27,462 BTC.

On Sept. 28 (all times local), blockchain outlet Decrypt reported that Strive bought bitcoin from Sept. 21 to 25 at an average of $85,396, with total purchases of $94.5 million.

A disclosure filed with the U.S. Securities and Exchange Commission showed the purchases lifted the value of Strive’s bitcoin holdings to about $2.3 billion. The benchmark price cited by the company was $83,943 per BTC based on the Sept. 26 close.

Most of the funds for the purchases came from SATA. Matt Cole (맷 콜), Strive’s chief executive officer, said on X, formerly Twitter, that $12.4 million flowed in from warrant exercises and that, including those proceeds, 85 percent of total capital raised came from SATA.

SATA is a floating-rate perpetual preferred stock. It is structured to raise funds while paying dividends and relatively reducing dilution for common shareholders. The filing showed the number of SATA shares rose by about 1 million during the week to 12.2 million shares. At a par value of $100, the notional value is about $1.22 billion. Class A common shares increased by about 649,000 shares.

Cash holdings also increased. Strive’s cash equivalents rose by $19.2 million in a week to $248.8 million. The company is combining such cash with preferred stock issuance to secure funds for bitcoin purchases.

Strive has the fifth-largest bitcoin holdings among listed companies. Companies ahead of it are Strategy, Twenty One Capital, Metaplanet and Mara. To catch up with Twenty One Capital’s 43,514 BTC by year-end, Strive would need to buy about 16,050 more BTC. On a weekly basis, that would require additional purchases of about 1,235 BTC.

Other digital asset treasury companies also disclosed purchases the same day. Strategy added 1,665 BTC for $142.7 million, lifting total holdings to 847,666 BTC. Bitmine, led by Tom Lee, bought 17,362 ether worth about $47 million, bringing it to 4.9 percent of total ether supply. Amid this trend, competition over listed companies’ crypto treasury strategies continues to expand.

Strive acquired 1,107 $BTC for $94.5M at an average cost of $85,396 per bitcoin, bringing total holdings to ₿27,462. Warrant exercises generated another $12.4M. Including those proceeds, 85% of total capital raised came from SATA.$ASST $SATA pic.twitter.com/duihTtFKrm