Strive's $208M Bitcoin Purchase Bolsters Treasury to 32,773 BTC
Strive has acquired 3,311 BTC, reinforcing its SATA preferred stock price floor amid market volatility.
Strive has acquired 3,311 BTC, reinforcing its SATA preferred stock price floor amid market volatility. Bitcoin (BTC) is trading at $82,805.00, down 0.8% since this brief published. This is an original TLT brief synthesising 2 outlets (Cryptopolitan, Decrypt), plus live market data, as of Wed, 14 Oct 2026 13:00:04 UTC.
This significant Bitcoin purchase demonstrates institutional commitment to crypto despite market fluctuations, while the strengthened SATA price floor provides stability for investors.
- Strive bought 3,311 BTC at ~$84,500 each, spending $208M in total.
- Company's Bitcoin holdings now total 32,773 BTC.
- SATA preferred stock minimum sale price set at $100 in binding charter rule.
- Bitcoin's 24h price increase of 0.28% reflects steady market conditions.
Cryptopolitan, Unchained, and Decrypt all report that Strive purchased 3,311 BTC last week at an average price of approximately $84,500, bringing its total Bitcoin holdings to 32,773 BTC. They also agree that the company has made a $100 minimum issuance price for its SATA preferred stock a binding rule in its governing documents. However, Unchained specifically attributes this move to CEO Matt Cole and highlights the Tuesday 5 p.m. ET deadline for warrant exercises, while Decrypt emphasizes the purchase occurred during a rough week for the market.
- Strive's $208M Bitcoin Purchase Bolsters Treasury to 32,773 BTC — this brief
- Strive's Bitcoin Holdings Surge to 32,773 BTC Amid $280M Purchase
Strive, a Nasdaq-listed asset manager, has significantly increased its 
Bitcoin holdings by purchasing 3,311 BTC for about $84,500 each, according to Decrypt and corroborated by Cryptopolitan and Unchained. This purchase, totaling approximately $208 million, was completed before a Tuesday 5 p.m. ET deadline.
The acquisition brings Strive's total Bitcoin holdings to 32,773 BTC, reinforcing its position as a major institutional holder of the cryptocurrency. The purchase comes amid a week of market volatility, with Bitcoin experiencing a slight 0.28% increase over the past 24 hours.
In addition to the Bitcoin purchase, Strive has solidified its financial strategy by making a $100 minimum issuance price for its SATA preferred stock a binding rule in its governing documents, as reported by Cryptopolitan and confirmed by Unchained. This move strengthens a price protection that the company had previously loosened over the summer.
The decision to enforce the $100 floor for SATA preferred stock indicates Strive's commitment to maintaining a stable financial framework for its investors, despite the inherent volatility of the crypto market. This is particularly noteworthy given the recent market conditions.
As of now, the total crypto market cap stands at $2.87 trillion, with Bitcoin's price at $83,443, reflecting a 0.28% increase over the past day. The Fear & Greed Index remains in 'Greed' territory at 62, suggesting a cautiously optimistic market sentiment.
Since this brief published about 18 hours ago, Bitcoin (BTC) has moved from $83,443.00 to $82,805.00 — -0.76%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₦112.98M (about $82,805.00), down 0.6% over 24 hours. The naira itself trades about 2.5% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Strive's $208M Bitcoin Purchase Bolsters Treasury to 32, — questions & answers
How much Bitcoin did Strive buy?
Strive purchased 3,311 BTC at an average price of about $84,500 each.
What is the new SATA preferred stock price floor?
Strive has set a $100 minimum issuance price for its SATA preferred stock as a binding rule.
Why did Strive enforce the SATA price floor?
The enforcement of the SATA price floor aims to provide stability and protection for investors amid market volatility.
How much is 1 Bitcoin worth in naira today?
About ₦112.98M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $82,805.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 0.76% since this brief first published — trading at $82,805.00 now versus $83,443.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Cryptopolitan, Decrypt, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.