Monitor the company's Amplification Ratio and SATA share count — management's stated goal of exceeding 60% ratio may drive further equity/preferred issuance or bitcoin purchases. The $500M SATA repurchase facility provides downside support for the preferred, but the ongoing dilution from share issuance (3.3M new common shares in one week) warrants watching.
Price Chart
Executive Summary
Strive, Inc. announced the purchase of 2,000 bitcoin for ~$168.8M at an average price of ~$84,422/BTC, bringing total holdings to 29,462 BTC. The company also disclosed preliminary Q3 2026 balance sheet data showing $2.34B in bitcoin fair value, a 63.2% fiscal YTD BTC Yield, and a $500M SATA repurchase facility. The filing is a routine operational update with no material financial statements or guidance changes.
Key Facts
- Purchased 2,000 bitcoin from Sep 28 to Oct 2, 2026 at avg ~$84,422/BTC, inclusive of fees
- Total bitcoin held as of Oct 2: 29,462 (up from 27,462 on Sep 25)
- As of Sep 30, 2026: $284.7M cash, $2.34B fair value of bitcoin, $50.2M STRC stock
- Q3 2026 BTC Yield: 18.5% QTD, 63.2% fiscal YTD, 99.4% last 12 months
- Effective common shares outstanding rose from 97.7M to 100.9M (Sep 25 to Oct 2)
- SATA preferred shares outstanding increased from 12.2M to 13.5M over the same period
- Company announced a $500M SATA repurchase facility
- Management targets Amplification Ratio above 60% while BTC remains below $100,000
- Company intends to remain debt-free
- Preliminary Q3 financials are unaudited and subject to change
Financial Impact
~$168.8M deployed for 2,000 BTC; total treasury value ~$2.675B as of Sep 30; $500M SATA buyback authorized
Risk Factors
- Continued dilution from common and preferred share issuance to fund bitcoin purchases
- Bitcoin price volatility directly impacts treasury value and fair value gains/losses
- Preliminary Q3 data is unaudited and may change materially upon final close
- SATA preferred dividend obligation ($168.2M annualized) creates fixed cost burden
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-064753 |
| Document: 0001628280-26-064753-index-headers.html | 0001628280-26-064753 |
| Document: 0001628280-26-064753-index.html | 0001628280-26-064753 |
| Document: 0001628280-26-064753.txt | 0001628280-26-064753 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 8-K | $28.50 | awaiting T+5 | — | $26.32 (−7.65%) |
Oct 26, 2026 today | 8-K | — | awaiting T+5 | — | — |
Oct 26, 2026 today | 424B5 | — | awaiting T+5 | — | — |
Oct 21, 2026 5d ago | 8-K | $30.75 | awaiting T+5 | — | $26.32 (−14.41%) |
Oct 20, 2026 6d ago | Press Release | $27.06 | awaiting T+5 | — | $26.32 (−2.73%) |
Oct 20, 2026 6d ago | 8-K | $27.06 | awaiting T+5 | — | $26.32 (−2.73%) |
Oct 19, 2026 7d ago | 8-K | $25.54 $26.32 | ▲ +3.05% | ▲ +3.20% | $26.32 (+3.05%) |
Oct 16, 2026 10d ago | 424B5 | $25.54 $26.32 | ▲ +3.05% | ▲ +3.20% | $26.32 (+3.05%) |
Oct 16, 2026 10d ago | 8-K | $24.09 $28.97 | ▲ +20.26% | ▲ +20.69% | $26.32 (+9.26%) |
Oct 14, 2026 12d ago | 8-K | $24.68 $30.75 | ▲ +24.59% | ▲ +24.14% | $26.32 (+6.65%) |
US Market Status
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