Strive adds 469 Bitcoin to reach 25,000 BTC treasury
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Strive, a top-five Bitcoin treasury company and asset manager, purchased 469 Bitcoin for about $36.6 million last week, increasing its holdings to 25,000 BTC. The purchase was funded through sales of the company’s perpetual preferred stock, SATA. Strive became a publicly traded Bitcoin treasury company in September 2025 after merging with Asset Entities.
Why it matters
The article highlights Strive’s growing Bitcoin treasury and market capitalization, which recently surpassed that of Metaplanet. The company’s stock price rally and potential capital raise through warrants suggest increased investor interest, but the source does not explicitly state the broader impact on markets or the crypto industry.
Key context
Strive was co-founded in 2022 by Vivek Ramaswamy, now an Ohio Republican gubernatorial candidate. The company became the fifth-largest publicly traded corporate Bitcoin holder in late August after purchasing 1,800 BTC. Recent purchases were made at an average price of approximately $77,954 per Bitcoin.
Key numbers and entities
Strive purchased 469 BTC for about $36.6 million at an average price of $77,954 per Bitcoin. The company now holds 25,000 BTC, $204.2 million in cash and equivalents, 505,000 shares of STRC preferred stock valued around $49.8 million, and has about 10.4 million SATA shares outstanding. Strive’s market capitalization is approximately $2.5 billion, compared with $1.9 billion for Metaplanet. The company’s CEO is Matt Cole, and co-founder Vivek Ramaswamy is a Republican gubernatorial candidate.
What remains unclear
The source does not specify Strive’s future Bitcoin acquisition strategy or how it plans to use any additional capital raised through warrant exercises. It also does not detail how these developments might affect the broader cryptocurrency market or regulatory landscape.