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      Strive Inc. to Acquire Additional 1,100 Bitcoin, Expanding Corporate Holdings

      Strive Inc., a Nasdaq-listed Bitcoin treasury firm, has announced plans to purchase an additional 1,100 Bitcoin, as confirmed by CEO Matt Cole. This acquisition is scheduled for September 8 and is part of the company's ongoing strategy to significantly increase its Bitcoin holdings, which currently exceed 23,000 BTC, making it one of the largest corporate holders of Bitcoin globally.

      The upcoming purchase will be financed through sales of the company's SATA preferred stock, allowing Strive to expand its Bitcoin treasury without incurring debt. The firm has seen a remarkable increase in its holdings, growing from approximately 5,000 BTC in fall 2025 to over 23,000 BTC in less than a year. In August alone, Strive acquired more than 3,000 BTC through multiple transactions, including significant purchases at prices around $73,409 and $79,431 per coin.

      With the new acquisition, Strive's total Bitcoin holdings are expected to surpass 24,000 BTC, exceeding Cole's initial target of 20,000 BTC by the end of 2026. Cole has hinted at the possibility of further acquisitions that could push the total well beyond this goal, although he has not specified a new target.

      Strive's unique approach to financing its Bitcoin purchases involves issuing equity rather than taking on debt. The company sells common shares and SATA preferred stock to fund its acquisitions, maintaining a nearly debt-free balance sheet while ensuring it can meet dividend obligations to preferred stockholders. This strategy has positioned Strive as a notable player in the corporate Bitcoin market.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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