Strive Adds 1,355 Bitcoin (BTC) for $107.7M, Lifting Holdings to 26,355

Fifth Straight Weekly Purchase

Nasdaq-listed Strive Inc. bought 1,355 Bitcoin (BTC) for $107.7 million during the week of September 14–18, lifting its corporate treasury to 26,355 BTC, according to the company's weekly purchase disclosure filed with the SEC. The new coins carry an average entry price of $79,475 each — a level the proof-of-work asset has since left well behind. At Monday-morning quotes between $81,000 and $85,000, the stack was valued at roughly $2.1–$2.2 billion, with Bitcoin having reclaimed the $85,000 mark for the first time since January.

The buy is the company's largest of its five-week accumulation run by a wide margin. Strive's previous purchase totaled just 469 BTC for $36.6 million, and this week's order even exceeds the 950 BTC ($75.7 million) that Strategy — the sector's largest treasury holder — disclosed after its own three-week pause, as we covered when Strategy resumed buying with 950 BTC. The timing is equally notable: Bitcoin slid to roughly $75,000 after the failed CLARITY Act vote and the Federal Reserve's rate hike, then clawed back nearly $10,000 in under a week in a short-squeeze rally that handed corporate buyers an immediate mark-up on fresh coins. The pace underlines how quickly the corporate accumulation trend — once effectively Strategy's monopoly — has widened across public markets this year.

Strive funds these purchases with non-dilutive preferred equity rather than conventional debt and announces new acquisitions at the start of each week, a cadence that has effectively turned the company into a leveraged strategic bitcoin reserve vehicle. CEO Matt Cole confirmed the figures in an official post, noting that warrant exercises began last week and generated $21.2 million in gross proceeds; including that cash, 57.7% of Strive's total capital raised has come through its SATA preferred program. Whether the machine keeps running now depends less on Bitcoin's price than on investors' continuing appetite for the paper that finances it.

The Funding Machine Behind the Buys

Here is the counterintuitive part: Strive spent $107.7 million on Bitcoin last week and still ended Friday with more cash than it started with. Its cash reserve grew from $204.2 million to $229.6 million over the same five days — a $25.4 million increase — because new capital arrived faster than coins were bought. The mechanics are straightforward. During the week Strive issued 2.07 million Class A shares, lifting total shares outstanding to 87.8 million, alongside 786,194 new SATA preferred shares. The SATA preferred, structured to trade near $100 while paying a floating dividend that recently ran close to 13%, pulled in roughly $78.6 million of fresh capital in that week alone; 11.18 million SATA shares are now outstanding, worth about $1.12 billion at face value. Equity issuance is the fuel; Bitcoin buying is the burn.

The streak itself has been relentless: 1,110 BTC in late August, then 1,800, then 1,375, then 469, and now 1,355 — a cumulative 6,109 BTC across five consecutive purchase disclosures. Year to date, holdings are up more than 225%, placing Strive fifth among publicly listed corporate Bitcoin whales, a cohort tracked in our Bitcoin coverage. The balance sheet carries a second layer many observers miss: Strive still holds 505,000 STRC preferred shares issued by Strategy, worth roughly $49.7 million — meaning the treasury company also holds paper on the sector's single largest coin holder.

Markets have rewarded the model so far. ASST, Strive's common ticker, closed Friday at $30.09, up 6.4% on the day and roughly 104% over the past month from $14.73 — though the stock still trades about 61% below its level a year ago and more than 90% beneath its early peak near $355. The unpriced cost is dilution: every tranche of preferred stock sold stacks claims ahead of common shareholders, and how long investors keep bankrolling this HODL strategy at a double-digit yield is the question no filing can answer. A separate analysis of record crypto M&A activity suggests consolidation among treasury players is accelerating, which could squeeze smaller imitators first. Readers tracking the market in real time can follow live spot and futures prices on Bitget.

$92,443 Resistance in Focus

COINOTAG's proprietary 42-indicator composite S/R scoring engine rates the $92,443 resistance at 52/100, driven primarily by Fibo 1.272 confluence, while the $81,741 support scores a stronger 65/100 on a Flip R→S, Ichimoku Tenkan/Kijun and S1 cluster. Spot trades at $86,085, up 6.58% over 24 hours; RSI sits at 72.86, near overbought, with MACD bullish inside a confirmed uptrend. Derivatives positioning is mild rather than euphoric — funding at 0.0062%, open interest of $18.64 billion and a 0.98 long/short account ratio — though the Fear & Greed Index at 70 signals building greed. The bullish scenario holds while $81,741 does; a daily close below that shelf, opening the $72,212 EMA-200/SMA-200 zone, would invalidate the uptrend thesis.