Strive has expanded its Bitcoin treasury once again, acquiring 1,355 BTC for approximately $107.7 million as Bitcoin climbed above $85,000, its strongest price level since January.

According to the company's disclosure, the purchase was executed between September 14 and September 18 at an average price of about $79,475 per coin, inclusive of fees and expenses. The transaction lifted Strive's total Bitcoin holdings to 26,355 BTC, with the week's buys landing below the price level Bitcoin has since reclaimed.

The acquisition continues Strive's pattern of steady accumulation. The previous week, the company bought 469 BTC for roughly $36.6 million, reaching the 25,000 BTC milestone.

Strive Expands Its Bitcoin Treasury

The latest purchase represents a sizable increase in holdings within a week. Strive has increasingly used preferred equity financing as part of its strategy to fund Bitcoin purchases.

The company also reported $21.2 million in gross proceeds from warrant exercises that began last week. Management said 57.7% of its total capital raised has come through SATA, its perpetual preferred stock — a structure that has become a staple of fundraising among public companies pursuing Bitcoin treasury strategies.

This financing structure has allowed Strive to keep adding Bitcoin without relying primarily on traditional debt. At the same time, the approach makes the company's capital structure an important factor for investors tracking its treasury strategy, since warrant exercises convert into additional shares and add a dilution layer alongside the Bitcoin accumulation itself.

Bitcoin Rally Boosts Treasury Value

Bitcoin crossed $85,000 on September 21 after trading near $75,000 less than a week earlier. The sharp rebound has lifted the market value of Strive's Bitcoin holdings alongside the broader cryptocurrency market, and it has already placed the company's latest tranche above its purchase cost.

Strive's latest purchase was also larger than Strategy's most recent acquisition. Strategy bought 950 BTC for approximately $75.7 million during the same period, underscoring the growing competition among public firms seeking to build large Bitcoin treasuries. Strategy, the firm that pioneered the corporate Bitcoin treasury model, remains the sector's largest holder, making week-over-week purchase comparisons a recurring benchmark for newer entrants like Strive.

For Strive, the latest buy strengthens its position, while Bitcoin's renewed rally provides a favorable backdrop for its accumulation strategy. With its preferred equity and warrant funding channels still active, upcoming purchase disclosures will offer a read on whether the company can sustain this accumulation pace and how its treasury marks against Bitcoin's level in the sessions ahead.

Source: CryptoMeter io