Strive accelerated its Bitcoin purchases last week, adding 1,355 BTC to its corporate treasury for approximately $107.7 million as the price of Bitcoin climbed back above $85,000, according to a company disclosure. The company paid an average of $79,475 per coin between Sept. 14 and Sept. 18, lifting its total holdings to 26,355 BTC. With Bitcoin trading near $85,600 on Monday, the stash is valued at more than $2.25 billion.

Strive Remains the No. 5 Public Holder

Strive ranks as the fifth-largest public Bitcoin holder, behind Strategy, Twenty One, Metaplanet, and MARA in total holdings. To overtake Twenty One, which holds 43,514 BTC, Strive would need to accumulate an additional 17,160 BTC — a pace of roughly 1,226 BTC per week across the final 14 weeks of 2026. Sustaining a pace like that hinges on financing, since corporate Bitcoin treasuries typically fund purchases by raising capital through preferred shares, equity, and warrant exercises.

The latest purchase follows the prior week's addition of 469 BTC for $36.6 million, which had lifted the treasury to 25,000 BTC. That earlier acquisition was funded through SATA preferred stock. According to the company's latest filing, nearly 786,000 warrant exercises generated about $21.2 million in gross proceeds — the kind of capital that has underwritten Strive's successive weekly purchases.

Strategy Resumes Bitcoin Buying

Strategy also returned to the Bitcoin market after leaving its holdings unchanged for two consecutive weeks. Between Sept. 14 and Sept. 20, the company purchased 950 BTC for about $75.7 million, paying an average of $79,670 per coin and raising its total to 846,000 BTC — a slightly higher average price than Strive paid during the same window.

Before resuming purchases, Strategy had directed its cash toward preferred-share repurchases while Bitcoin additions were on hold, spending approximately $174 million to buy back STRC preferred shares. The sequence shows the week-to-week flexibility large treasuries retain, with capital able to shift between Bitcoin accumulation and other uses such as buybacks. Its Bitcoin holdings carry an aggregate cost of about $63.8 billion, at an average of $75,416 per coin.

Bitcoin Rebound Lifts Treasury Values

Bitcoin crossed $85,000 for the first time since January, rising more than 5% over a 24-hour span, while at least $648 million in short positions faced liquidation during the rally — a mechanism triggered when rising prices force leveraged bearish positions to close. The move pushed many corporate Bitcoin treasuries back above their estimated average acquisition cost, which stands near $80,500.

Broader corporate demand has slowed in recent months. Strategy itself had paused Bitcoin buying for two weeks before returning to the market, and publicly listed companies have added about 5,900 BTC over the past three months — a marked slowdown compared with the roughly 89,000 BTC accumulated in July 2025 alone. Against that backdrop, last week stood out: Strive and Strategy together deployed about $183 million on Bitcoin, a combined 2,305 BTC that amounts to a substantial slice of the sector's modest three-month total.

At $85,000, Strategy's Bitcoin balance would be worth approximately $71.9 billion, roughly $8.1 billion above its aggregate acquisition cost. Strive shares traded near $29.65 on Monday after TD Cowen raised its price target on the stock to $44 and lifted its estimate for the company's year-end Bitcoin holdings to 32,105 BTC. Whether Strive sustains the accelerated cadence — and whether other listed companies rejoin the buying — will be visible in the weekly disclosures over the remaining weeks of the year.