Strive’s Bitcoin Treasury Reaches 25,000 BTC: What Is Needed for Second Place?
Strive increased its total holdings to 25,000 BTC with the 469 Bitcoin it purchased last week.
Strive’s Bitcoin treasury has reached 25,000 BTC, valued at approximately $1.95 billion, according to a Form 8-K filing released on Monday. The company reached this level following new purchases made last week.
The company spent $36.6 million for 469 BTC. The average purchase price was slightly under $78,000 per Bitcoin. This transaction indicated a slower pace compared to the previous week’s purchase of 1,375 BTC for approximately $109 million.
Strive’s Bitcoin Purchases Were Financed via SATA Sales
Strive CEO Matt Cole announced that all of the capital raised during the week came from SATA sales. The total nominal value of the company’s perpetual preferred stock, SATA, also recently surpassed $1 billion.
The ratio Strive calls its “amplification ratio” rose to 53.5 percent. The company defines this ratio as the nominal value of preferred shares and debt relative to the net asset value of Bitcoin. Accordingly, for every $100 of Bitcoin Strive holds, there is approximately $53.50 in preferred shares and debt obligations.
1,234 BTC Weekly Required for Second Place
Strive currently ranks as the fifth-largest Bitcoin holder among public companies. Ahead of the company are Strategy, Twenty One, Metaplanet, and MARA. While Cole stated that Strive could rise to second place by year-end, he noted that this is not his base expectation.
For Strive to surpass Twenty One, it needs to acquire an additional 18,515 BTC, assuming this company does not increase its current holdings of 43,514 BTC. Calculations based on the remaining 15 full weeks in 2026 require Strive to accumulate an average of 1,234 BTC per week to close this gap.
Strive’s common stock, ASST, rose more than 4 percent during the first hours of trading on Monday, approaching its year-to-date high and trading just below $29. On the same day, Strategy’s Bitcoin holdings remained steady at 845,050 BTC for the second consecutive week; instead, the company used $139.3 million from its cash reserves to repurchase STRC preferred shares.