Strive buys 1,355 bitcoin for $107.7M as Form 8-K lifts holdings to 26,355 BTC
By Crypto Wire
September 22, 2026
Strive, Inc. disclosed in a Form 8-K dated September 21, 2026 that it purchased 1,355 bitcoin between September 14 and September 18 at an average price of about $79,475 per coin, inclusive of fees and expenses. The buy cost roughly $107.7 million and lifted Strive’s treasury from 25,000 to 26,355 BTC as of September 18, placing the Nasdaq-listed firm among the larger public corporate bitcoin holders outside the mining sector.
The same filing shows cash and cash equivalents rising to $229.6 million from $204.2 million a week earlier—an increase of $25.4 million—even after the nearly $108 million bitcoin outlay. That odd accounting is the capital-markets side of Strive’s model: the company sold additional Class A common shares and Variable Rate Series A Perpetual Preferred Stock (SATA) while it was buying bitcoin, raising cash faster than it deployed into BTC.
Share-count details in the 8-K put Class A common outstanding at 87,804,613 as of September 18, up about 2.07 million shares from September 11, while SATA preferred shares rose from 10,397,966 to 11,184,160. CEO Matt Cole has pointed to warrant exercises generating about $21.2 million in gross proceeds and said SATA accounted for roughly 57.7% of total capital raised including those warrants—funding designed to keep bitcoin purchases from draining the cash line.
For NFT and crypto desks, the story is corporate bid demand rather than a new collectible drop. Bitcoin remains the settlement and treasury asset that often sets risk appetite for ETH and NFT bids; a fifth-largest public bitcoin holder adding more than 1,300 BTC in a week while Strategy separately reported a 950 BTC purchase the same disclosure cycle underscores how scheduled public treasuries are back on the tape after quieter stretches.
Strive also continues to hold 505,000 shares of Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), with a reported fair value near $49.7 million as of September 18. That cross-holding means one bitcoin treasury company owns preferred paper issued by the largest corporate bitcoin balance sheet while stacking its own BTC—an unusual nested exposure that the 8-K puts in plain view alongside the bitcoin count.
The latest 1,355 BTC lot is more than double Strive’s prior disclosed weekly buy of 469 BTC that took holdings to 25,000. Secondary coverage of Strive’s five-week binge tallied consecutive reported purchases of 1,110, 1,800, 1,375, 469, and now 1,355 BTC—about 6,109 bitcoin across those windows—showing the firm has been accelerating rather than tapering as spot bitcoin reclaimed multi-month highs.
Dilution is the trade-off the filing does not hide. More bitcoin lands on the balance sheet while more common and preferred shares enter circulation to finance it. Investors watching ASST price action have priced both the treasury growth and the share issuance; the 8-K itself does not forecast how many more bitcoin Strive will buy or how much SATA demand will remain. For now, the hard numbers are the ones in Item 8.01: 1,355 BTC bought, $79,475 average, 26,355 BTC held, cash up to $229.6 million.
Monday’s disclosure also sits next to a strong spot bitcoin ETF session that secondary desks pegged near $999 million of U.S. net inflows on September 21, with IBIT, ARKB, and FBTC among the leaders. Corporate treasury prints and ETF tape are different channels, but both feed the same macro bid that NFT collectors feel through ETH correlation and risk appetite. Strive did not claim its purchase caused the ETF flows; the 8-K simply documents another scheduled corporate add while those flows printed.
Readers should keep the funding dependency in view. Because the machine runs on ongoing demand for ASST common and SATA preferred, any slowdown in equity absorption could slow future bitcoin buys even if management remains publicly committed to the treasury strategy. The filing updates holdings through September 18 and does not lock in a fourth-quarter purchase calendar. Until the next Monday-style update, 26,355 BTC and $229.6 million cash are the verified snapshot.
Desks should treat this as a primary-source treasury print, not a prediction of NFT floors. The usable takeaway is that another public bitcoin accumulator is still running a weekly disclosure cadence—and that it financed this week’s stack without shrinking its cash balance. Primary figures are from Strive’s September 21 Form 8-K and contemporaneous coverage of the filing.
Disclaimer: This article is provided for informational and educational purposes only. It does not constitute financial, investment, legal, or trading advice. The NFT market is highly volatile, and past performance is not indicative of future results. Readers should conduct their own research and consult qualified professionals before making any decisions related to digital assets. The cover image for this article may have been created using artificial intelligence (AI).
