Last week, it bought another batch—1,355 bitcoins—spending about $107.7 million.
As a result, Strive’s holdings rose to 26,355 bitcoins. Valued at roughly $85,600 per coin on Mondays, the total is worth more than $2.25 billion. The company bought between September 14 and 18 at an average price of $79,475.
It is now the fifth-largest publicly listed holder of bitcoins, behind Strategy, Twenty One, Metaplanet, and MARA. To catch up with Twenty One’s 43,514 bitcoins, it still needs to buy another 17,160. Only 14 full weeks remain in 2026.
Where the money comes from is clearly stated in the accounts. Warrant exercise generated $21.2 million, of which preferred shares accounted for 57.7% of the financing.
The money used to buy bitcoin is not operating cash—it is provided by the capital markets.
Some brokerages have raised its target price from $32 to $44, citing faster growth in the number of bitcoins per share. This metric has become the valuation anchor for this type of company.
Converted into pace: over the remaining 14 weeks, it would need to buy about 1,200 coins per week to catch up to the company ahead. Whether it can maintain this pace depends not on the bitcoin price, but on whether the warrants and preferred shares can still be sold—and whether anyone on the other side is willing to take them.
It’s not about who buys the most; it’s about who buys with other people’s money for the longest time.
#比特币 #上市公司
As a result, Strive’s holdings rose to 26,355 bitcoins. Valued at roughly $85,600 per coin on Mondays, the total is worth more than $2.25 billion. The company bought between September 14 and 18 at an average price of $79,475.
It is now the fifth-largest publicly listed holder of bitcoins, behind Strategy, Twenty One, Metaplanet, and MARA. To catch up with Twenty One’s 43,514 bitcoins, it still needs to buy another 17,160. Only 14 full weeks remain in 2026.
Where the money comes from is clearly stated in the accounts. Warrant exercise generated $21.2 million, of which preferred shares accounted for 57.7% of the financing.
The money used to buy bitcoin is not operating cash—it is provided by the capital markets.
Some brokerages have raised its target price from $32 to $44, citing faster growth in the number of bitcoins per share. This metric has become the valuation anchor for this type of company.
Converted into pace: over the remaining 14 weeks, it would need to buy about 1,200 coins per week to catch up to the company ahead. Whether it can maintain this pace depends not on the bitcoin price, but on whether the warrants and preferred shares can still be sold—and whether anyone on the other side is willing to take them.
It’s not about who buys the most; it’s about who buys with other people’s money for the longest time.
#比特币 #上市公司
