Strive buys 1,110 Bitcoin for $81.5 million, now holds 21,356 BTC

Strive adds 1,110 Bitcoin to its treasury

Strive, a public company, bought 1,110 Bitcoin (BTC) for $81.5 million between August 17 and August 21. This purchase increased its total Bitcoin holdings to 21,356 BTC. Bitcoin is a digital currency that operates on a decentralized network called a blockchain.

The company paid an average price of $73,409 per Bitcoin, including fees and expenses. The acquisition was reported in an official filing with the U.S. Securities and Exchange Commission (SEC).

Key details of the purchase

• Strive bought 1,110 Bitcoin for $81.5 million.
• The purchase was made between August 17 and August 21.
• The average price per Bitcoin was $73,409, including fees.
• Total Bitcoin holdings rose to 21,356 BTC, a 5.5% increase from 20,246 BTC.
• Strive is now the seventh-largest public company holding Bitcoin.

Strive’s position among Bitcoin holders

According to data from Bitcoin Treasuries, Strive ranks as the seventh-largest public company holding Bitcoin. The largest is MicroStrategy, led by Michael Saylor, with 840,447 BTC. Other top holders include Twenty One Capital (43,514 BTC), Metaplanet (43,000 BTC), and Marathon Digital (35,577 BTC).

Strive’s latest purchase comes as companies continue to expand their Bitcoin holdings. MicroStrategy, for example, recently sold shares to raise funds but did not buy or sell Bitcoin during the same period.

What the SEC filing reveals

The SEC filing shows that Strive’s cash and cash equivalents increased to $171.9 million from $154.8 million as of August 14. The value of its 505,000 shares of MicroStrategy’s preferred stock also rose slightly, from $47.9 million to $48.6 million.

Bitcoin’s recent price movement

Bitcoin’s price rose nearly 25% last week, closing at $77,387 on August 23. On August 24, it was trading near $80,000. Strive’s CEO, Matt Cole, stated on social media that he believes the Bitcoin bear market is over, citing recent price movements against both the U.S. dollar and gold.

What is confirmed

• Strive bought 1,110 Bitcoin for $81.5 million between August 17 and August 21.
• The company’s total Bitcoin holdings are now 21,356 BTC.
• Strive is the seventh-largest public Bitcoin holder.
• The purchase was reported in an SEC filing.

Why this matters for Bitcoin investors

Strive’s purchase is part of a growing trend of companies adding Bitcoin to their treasuries. This can signal confidence in Bitcoin as a long-term asset. The increase in holdings by public companies may also influence market sentiment and demand for Bitcoin.

Sources

• The Block