Strive Buys 2,000 BTC, Unveils Up to $500 Million SATA Buyback Facility

News Editor

2026-10-05 14:19:19

Strive disclosed in a Monday Form 8-K that it bought 2,000 bitcoin between Sept. 28 and Oct. 2 for about $169 million, paying an average of roughly $84,422 per coin including fees and expenses. The purchase lifted the Dallas-based company’s holdings to 29,462 BTC from 27,462 a week earlier, making it the largest of its last five weekly bitcoin buys. CEO Matt Cole said 61.5% of the capital raised came from SATA, Strive’s variable-rate perpetual preferred stock, while warrant exercises added $56.7 million. The filing also showed SATA shares outstanding rose by about 1.3 million during the week to roughly 13.5 million, while shares underlying traditional warrants fell by about 2.1 million. In the same filing, Strive said it had put in place a repurchase facility of up to $500 million for SATA. The company said it sees bitcoin as attractively priced at current levels, wants to keep its amplification ratio above 60% as long as bitcoin remains below $100,000, and intends to stay debt-free. Preliminary third-quarter figures showed Strive added 8,137 BTC at an average cost of $78,885 and held a total treasury of about $2.68 billion as of Sept. 30.

Strive bought 2,000 BTC last week and disclosed a repurchase facility of up to $500 million for SATA, its variable-rate perpetual preferred stock, according to a Monday Form 8-K.

The Dallas-based company said it paid an average of about $84,422 per bitcoin, including fees and expenses, for purchases made between Sept. 28 and Oct. 2. The buy totaled $169 million and lifted Strive’s holdings to 29,462 BTC from 27,462 a week earlier.

CEO Matt Cole wrote on X that Strive acquired 2,000 BTC at an average cost of $84,422 per coin, bringing total holdings to 29,462 BTC. The latest purchase was larger than any of the company’s previous four weekly buys, which ranged from 469 BTC to 1,375 BTC.

SATA funding and repurchase plan

Cole said 61.5% of the capital raised came from SATA. He also said warrant exercises brought in $56.7 million.

The filing showed SATA shares outstanding increased by about 1.3 million during the week to roughly 13.5 million. Shares underlying Strive’s traditional warrants fell by about 2.1 million.

Strive said it has implemented a repurchase facility of up to $500 million for SATA, which management may use from time to time. None of the company’s previous four weekly bitcoin filings mentioned such a facility.

The company said it views bitcoin as attractively priced at current levels. As long as bitcoin stays below $100,000, management aims to push its amplification ratio above 60% and keep it there.

That ratio stood at 55.3% on Sept. 30, matching SATA’s $1.29 billion stated amount divided by the $2.34 billion value of Strive’s bitcoin holdings. The company also said it intends to remain debt-free.

Third-quarter snapshot

Strive added 8,137 BTC in the third quarter at an average cost of $78,885. As of Sept. 30, it held 28,000 BTC bought at an average of $90,170, above the $83,577 bitcoin price used in the filing for that date.

Its total treasury came to about $2.68 billion, including $284.7 million in cash and $50.2 million of Strategy’s STRC, with no debt.

Strive also reported a quarter-to-date BTC Yield of 18.5%, its measure of the change in bitcoin held for each share. The company said the quarterly figures are preliminary and unaudited.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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