Strive Adds 1,110 Bitcoin to Treasury, Now Holds Over 21,000 BTC
Strive Boosts Bitcoin Holdings with $81.5 Million Purchase
Strive, a company that holds Bitcoin as part of its treasury, bought 1,110 Bitcoin (BTC) for about $81.5 million last week. This purchase increased its total Bitcoin holdings to 21,356 BTC. The company reported the transaction in a filing with the U.S. Securities and Exchange Commission (SEC) on Monday.
The average price paid per Bitcoin was $73,409, including fees and expenses. The purchases were made between August 17 and August 21. At the time of the filing, Bitcoin was trading near $79,000, which is about 8% higher than the average price Strive paid.
Following the announcement, Strive’s Nasdaq-listed shares (ASST) rose more than 11% in morning trading.
Key Details of the Purchase
- Strive bought 1,110 Bitcoin for $81.5 million.
- The average price per Bitcoin was $73,409, including fees.
- Total Bitcoin holdings now stand at 21,356 BTC.
- The company’s cash and cash equivalents increased by $17.1 million to $171.9 million.
- Strive’s Class A shares outstanding rose by 3.65 million to 79.89 million.
- ASST shares surged 11% after the news.
Strive’s Position Among Corporate Bitcoin Holders
With this purchase, Strive became the seventh-largest publicly traded corporate holder of Bitcoin. It now ranks behind Bullish and ahead of SpaceX, according to data from BitcoinTreasuries.NET. The company also manages nearly $3 billion across exchange-traded funds (ETFs) and a direct-indexing platform.
Strive’s CEO, Matt Cole, commented on the company’s strategy in a post on X (formerly Twitter). He said, “The upside is not simply Bitcoin going higher. It is Bitcoin becoming the fastest horse inside an expanding scarcity trade while $ASST is structured to amplify that outcome as much as we can responsibly support.”
Strive’s Preferred Stock Returns to Target Range
Strive also reported that its variable-rate perpetual preferred stock, SATA, closed at $100.01 on Friday. This brought it back within the company’s targeted trading range of $99 to $101. The stock had fallen as low as $83.30 in late June.
Strive had previously narrowed the trading range from $95-$105 to $99-$101 in March. The company stated it would not issue new SATA shares through at-the-market or follow-on offerings below $100.
SATA was launched in November 2025, with Strive selling 2 million shares at $80 each for $160 million in gross proceeds. The stock has a stated amount and initial liquidation preference of $100 per share.
What Is Confirmed
- Strive purchased 1,110 Bitcoin for $81.5 million between August 17 and August 21.
- The company’s total Bitcoin holdings now stand at 21,356 BTC.
- Strive’s ASST shares rose 11% following the announcement.
- SATA stock returned to its target trading range of $99-$101.
- Strive is now the seventh-largest publicly traded corporate Bitcoin holder.
What Is Still Unclear
- The sources do not specify if Strive plans further Bitcoin purchases in the near future.
- No details were provided about the specific fees or expenses included in the average purchase price of $73,409 per Bitcoin.
Why This Matters for Investors
Strive’s increased Bitcoin holdings signal growing corporate interest in Bitcoin as a treasury asset. The rise in ASST shares shows investor confidence in the company’s strategy. Additionally, the return of SATA to its target trading range may indicate stability in Strive’s preferred stock offerings.
