Strive’s 8–11 Sep 2026 bitcoin purchase: 469 BTC, scored

From 8 September 2026 to 11 September 2026, Strive, Inc. (NASDAQ: ASST) bought 469 bitcoin for about $36.6M, at an average price of $77,954 per bitcoin inclusive of fees and expenses, according to its Form 8-K filed 14 September 2026.

Updated 19 October 2026 · priced on the recorded order books of the same days

−$223 / BTC · −29bp

Strive beat EnsoTrade’s smart routers on this purchase: about 1.3 more bitcoin for the same dollars.

Bitcoin bought469 BTC
Filed average price (inclusive of fees)$77,954
Raw price (17.5bp stripped)$77,818
EnsoTrade price, same days$78,041
Difference per bitcoin−$223 (−29bp)
Bitcoin difference for the same $36.6M1.3 BTC more at Strive’s price
Market’s own volume-weighted average, same trading hours$78,030 (raw −27bp against it)

It is one of the 4 purchases out of 17 in 2026 where Strive beat our price; ranked by gap, 2nd best for Strive. Across the year Strive stands at +$344 per bitcoin (+45.1bp) — see all of Strive’s 2026 purchases.

Questions

What did Strive pay for bitcoin on 8–11 September 2026?
Strive disclosed 469 bitcoin bought from 8 September 2026 to 11 September 2026 at an average of $77,954 per bitcoin, inclusive of fees and expenses, in its Form 8-K filed 14 September 2026. After stripping an estimated 17.5bp of fees, the raw price is $77,818.
Did Strive overpay for its 8–11 September 2026 bitcoin purchase?
No. Strive's raw price was $223 per bitcoin (−29bp) below what EnsoTrade's smart routers would have paid on the recorded order books of the same days: about 1.3 more bitcoin for the same $36.6M.
How is the EnsoTrade price worked out?
It is what EnsoTrade's smart routers would have paid for the same dollars inside the same purchase window, on the exchange order books as they were recorded at the time, with our own fees in. The routing and the models are proprietary.
How did Strive do across all of 2026?
Across 17 purchases and 21,318 bitcoin, Strive's raw price averaged +$344 per bitcoin (+45.1bp) against our price, and 4 purchases went Strive's way.
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How a filed price is stripped to raw

When a filing states its average price “inclusive of fees and expenses,” we divide out an estimated 17.5bp stack for prime brokerage, the desk, market impact and custody. Raw price = filed price ÷ 1.00175. Where a filing says “net of fees” or carries no fee language, nothing is stripped. Our own fees always stay in our price.

The EnsoTrade price comes from our smart routers and smart models, run on the recorded order books of the same days for the same dollars. The routing and the models are proprietary.

Limits, stated rather than buried

Sources

Prepared by EnsoTrade from public filings and public market data. Neither company has reviewed it. Nothing here is investment advice. All scored purchases · Strive · Strategy