On September 15, Strive fell 8.15% in regular trading, trading at $26.8/share, with turnover of approximately $216 million. The decline comes after the stock had more than doubled over the past month, reaching $29 earlier in the session.

On the news front, Strive recently disclosed the purchase of 469 BTC for approximately $36.6 million between September 8 and September 11, bringing its total Bitcoin reserves to 25,000 at an average acquisition price of $77,954 per coin. The purchase was funded through issuance of its perpetual preferred stock SATA, whose nominal value has now surpassed $1 billion, with outstanding shares increasing by 402,541 to approximately 10.4 million. Notably, the rapid expansion of SATA issuance has raised market concerns, as weekly dividend obligations reportedly surged by $12 million. While the aggressive accumulation strategy has propelled Strive past Metaplanet to become the fifth-largest publicly listed institutional Bitcoin holder with a $2.5 billion market cap, the mounting preferred stock obligations and potential dilution appear to be weighing on investor sentiment, triggering profit-taking after the sharp recent rally.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)