Strive Raises an Estimated $85.88M in Three Days to Bolster Bitcoin Treasury

CoinDesk reports that Strive has continued to raise capital via sales of SATA preferred shares to support additions to its bitcoin treasury. Based on trading activity from Sept. 21 to 23, BitcoinTreasuries.net estimates Strive generated roughly $85.88 million over the three-day window. At prevailing bitcoin prices, that implied purchasing power would equal about 1,002 BTC. The tracker cautions that the figure is only a theoretical conversion of estimated net proceeds into bitcoin and does not confirm that Strive bought an equivalent amount during the same period. BitcoinTreasuries.net's methodology estimates daily net proceeds from preferred-share sales using that day's trading data, then divides the result by that day's bitcoin price. The outlet notes proceeds raised on a given trading day are not necessarily deployed into crypto the same day. Strive also holds cash and may draw on multiple funding sources at once, meaning these estimates should not be counted as holdings until the company discloses purchases. Strive's most recently reported bitcoin position stands at 26,355 BTC. Company filings show that between Sept. 14 and 18 it purchased 1,355 BTC for about $107.7 million, at an average price near $79,475 per bitcoin, lifting holdings from 25,000 BTC to 26,355 BTC. Over the same period, SATA shares outstanding increased by 786,194 and cash and cash equivalents rose to about $229.6 million. Strive CEO Matt Cole said on X that warrant exercises began the prior week and generated roughly $21.2 million in total proceeds; including that funding, 57.7% of the period's total financing came from SATA. Strategy, the largest publicly traded corporate holder of cryptocurrency, also continued buying bitcoin in the week ended Sept. 20. In a filing with the U.S. Securities and Exchange Commission, the company reported purchasing 950 BTC for $75.7 million, at an average price of about $79,670 per bitcoin. Strategy's disclosed holdings rose to 846,000 BTC, with cumulative acquisition cost of about $63.8 billion, or roughly $75,416 per bitcoin. The report adds that a week without new STRC issuance does not imply Strategy can no longer raise funds through its securities program; it reflects the funding source used for the latest purchase. Strive has been expanding its treasury steadily, disclosing multiple consecutive purchases in mid-September, including 469 BTC for about $36.6 million and 1,375 BTC for about $109 million.