Overview
- Strive’s CEO Matt Cole publicly signaled a planned purchase of 1,100 Bitcoin that the company intends to execute on September 8, a move that would push disclosed holdings above roughly 24,000 BTC if completed.
- SEC filings show Strive held 23,156 BTC after two recent purchases totalling 2,910 BTC, including 1,800 BTC bought between Aug. 24–28 at an average price of about $79,431 per coin.
- Strive finances its Bitcoin buys primarily by issuing equity through at‑the‑market programs for ASST common shares and SATA perpetual preferred stock rather than taking on debt.
- SATA trades near its $100 liquidation preference and pays a variable dividend, which makes preferred issuance more workable but creates a continuing cash dividend obligation for the company.
- Investors should watch for executed share issuances and follow‑up SEC filings because future accumulation depends on actual ATM sales, market execution, Strive’s cash position, and any dilution effects on common holders.