Strive acquired 1,107 bitcoin in late September for approximately $94.5 million, bringing its total holdings to 27,462 BTC, according to an SEC 8-K filing the company disclosed Monday.
The bitcoin manager bought the coins between September 21 and 25 at an average price of $85,396 per coin. Strive has made a series of large bitcoin purchases this year as part of a strategy to accumulate the asset. The company's holdings now exceed the 27,400 BTC threshold, a level that places it among holders with significant on-chain positions.
Strive is a digital asset manager focused on bitcoin and ethereum accumulation. The firm has been active in the institutional bitcoin market, deploying capital across multiple tranches to build its reserves. Each purchase is disclosed through SEC filings as part of standard reporting requirements for registered investment entities.
The $94.5 million deployment at an average cost of $85,396 per coin occurred at the price range bitcoin traded in late September. At current spot prices, Strive's 27,462 BTC position would represent roughly $1.2 billion in notional value, though the company's weighted average cost per coin remains below $35,000 based on earlier disclosed purchases.
Strive has completed multiple tranches of purchases through 2026. The company has filed similar 8-K disclosures on each major purchase, keeping its accumulated position transparent to the SEC and public markets. Competitors including other bitcoin-focused investment vehicles have adopted similar strategies, creating recurring demand in the institutional market.
The filing discloses specific purchase windows and pricing, which institutional allocators use to track cost basis and execution quality across managers. Strive's average entry price of $85,396 on this tranche places it above the year-to-date bitcoin average but within the range of prices the broader market saw in late September.
Strive's disclosed position of 27,462 BTC represents a material allocation to bitcoin by a single institutional actor.
