Bitcoin treasury firm Strive has continued buying coins, most recently acquiring 789 BTC for $61.43 million at an average cost of about $77,890 per bitcoin, according to CEO Matt Cole on Monday.
The firm now holds 14,557 BTC, worth about $1.3 billion at bitcoin’s current price, according to The Block’s data. This makes the firm the ninth-largest holder, ahead of bitcoin miner Hut 8 and behind Coinbase, according to Bitcoin Treasuries.
Like Michael Saylor’s Strategy, Strive also issues a preferred security called the Variable Rate Series A Perpetual Preferred Stock (SATA), designed to maintain a strike price between $99-$100, while offering a variable monthly dividend.
The firm raised about $160 million in SATA’s first offering last year and about $225 million in an upsized follow-on offering.
Strive also recently tightened SATA’s trading range while boosting its dividend yield to 12.75%, and announced plans to work with Tuttle Capital Management to create an ETF that would track SATA and Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock (STRC).
The firm first ramped up its bitcoin accumulation from capital markets activities, including purchasing 5,886 BTC after a PIPE investment and 5,048 BTC from its acquisition of Semler Scientific last year.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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