Strive bought 2,000 bitcoin for roughly $169 million in a single week, pushing its corporate treasury to 29,462 BTC. That one-week haul is about six times larger than Strategy's latest addition of 334 BTC. Strategy, though, still holds a bitcoin stack roughly 29 times Strive's size.
How Strive paid for it
The company funded part of the expansion through SATA preferred stock, alongside $56.7 million in additional capital. That mix matters. Preferred stock lets a treasury company raise cash without immediately diluting common shareholders, but it also carries a dividend obligation that common equity doesn't. For a firm stacking a volatile asset, the cost of that capital is the thing to watch.
Strive didn't disclose the exact average purchase price, and the filing language on the remaining funding was truncated in the source material.
The week's scoreboard
Strategy added 334 BTC. Strive added 2,000. On a weekly basis, Strive outbought the largest corporate holder by a wide margin. But scale cuts the other way when you look at the balance sheet: Strategy's holdings dwarf Strive's, and a single week of aggressive accumulation doesn't change that ratio much.
That gap is the whole story here. Strive is running a faster pace from a much smaller base. Strategy is still the reference point every other treasury company gets measured against.
Why preferred stock keeps showing up
Corporate bitcoin buyers have leaned on convertible notes, preferred offerings, and at-the-market equity programs to fund purchases without selling operating assets. Strive's use of SATA preferred fits that pattern. It's a structure that buys time and flexibility — at a price. If bitcoin's price stalls, the dividend on that preferred stock doesn't.
There's no indication in the facts that Strive plans to slow down. The company hasn't set a target for its treasury or signaled when the next purchase might land.
The next data point
Strive's next disclosure on treasury holdings and any further preferred issuance is the thing to watch. The company hasn't said when that will come. For now, the 2,000 BTC week stands as the largest single addition it has reported.
