Strive Continues Bitcoin Accumulation, Preferred Stock Funding Nears $1 Billion

Strive purchased an additional 1,375 BTC for $109 million between August 31 and September 4, bringing its total holdings to 24,531 BTC. The company's funding vehicle, SATA, is nearing $1 billion in nominal value. Strive has increased its holdings for three consecutive weeks, with CEO Matt Cole emphasizing the strategy of using preferred stock to fund Bitcoin purchases without diluting common equity. Strive currently ranks as the fifth-largest corporate Bitcoin treasury holder globally.