Key Highlights
- Strive bought another 789 BTC, bringing its total holdings to 14,557 BTC, worth about $1.3 billion.
- The firm now ranks as the ninth-largest corporate Bitcoin holder, surpassing Hut 8.
- U.S. spot Bitcoin ETFs recorded $824 million in one week, with BlackRock leading the way.
Strive, a U.S.-based Bitcoin treasury firm, today reported adding another 789 Bitcoin (BTC) to its holdings. CEO Matt Cole announced the update on X, stating that the company now holds about 14,557 BTC worth roughly $1.3 billion.
“Strive has acquired 789 BTC for $61.43 million at an average cost of ~$77,890 per bitcoin. As of 4/24/2026 we hodl 14,557 $BTC,” he wrote.
The latest purchase cost about $61.43 million, with an average price of $77,890 per Bitcoin. Based on data from Bitcoin Treasuries, the move places Strive among the top corporate holders of Bitcoin, ahead of mining firm Hut 8 but still behind Coinbase.
How Strive funds its Bitcoin purchases
Strive has been funding part of its accumulation through a financial product known as the Variable Rate Series A Perpetual Preferred Stock (SATA). The instrument is designed to keep a strike price between $99 and $100 while paying investors a monthly dividend that can change over time.
The firm raised around $160 million in its initial SATA offering and later secured about $225 million in an expanded follow-on raise. It also recently adjusted the product by tightening its trading range and increasing its dividend yield to 12.75%.
In addition, Strive is working with Tuttle Capital Management to launch a new exchange-traded fund (ETF). This ETF reportedly tracks SATA alongside a similar preferred stock linked to Strategy, the largest corporate Bitcoin holder.
The company is also expanding its education efforts. Its media and research arm, True North, is hosting an event in Lake Oswego, Oregon, on May 21, 2026, aimed at business leaders interested in bitcoin’s role in corporate finance.
Bitcoin ETF sees $824 million inflow in a week
The latest purchase comes as institutional activity around Bitcoin continues to rise. According to data from SosoValue, U.S. spot Bitcoin ETFs recorded $824 million in net inflows for the week of April 20–24, marking the fourth straight week of gains.
BlackRock’s iShares Bitcoin Trust led with about $733 million in inflows, helping push total ETF assets above $102 billion. For April, inflows have exceeded $2.6 billion.
Meanwhile, at the time of writing, Bitcoin is trading around $77,910, up 3% over the past seven days, with a market cap of over $1.5 trillion, according to data from CoinMarketCap.
Also Read: Another Week, Another Purchase – Strategy Adds 3,273 Bitcoin to Its Treasury
