Strive Stock Jumps 7% After Company Buys 1,110 Bitcoin
Strive Inc. Adds 1,110 Bitcoin to Its Treasury
Strive Inc., a publicly traded company listed on the Nasdaq, purchased 1,110 bitcoin last week. This is the company’s largest single-week bitcoin purchase in months. The purchase increased Strive’s total bitcoin holdings to 21,356 coins.
The company’s stock price rose more than 7% following the announcement. Strive, based in Dallas, is an asset manager that rebranded in 2025 to become the first publicly traded asset-management company holding bitcoin as part of its treasury.
Key Details of the Purchase
- Strive bought 1,110 bitcoin between August 17 and August 21.
- The average purchase price was about $73,409 per bitcoin, including fees and expenses.
- The total cost of the purchase was approximately $81.5 million.
- The company’s bitcoin holdings increased by 5.5% from 20,246 coins reported in mid-August.
- Strive funded the purchase using proceeds from stock sales.
Stock Market Reaction
Strive’s stock (ticker: ASST) rose over 7% on Monday after the news was announced. The stock closed at $18.22 on Friday, up almost 13% for the week, and continued to rise in premarket trading on Monday.
Bitcoin’s price also climbed nearly 25% last week, closing at $77,387 on Friday and trading near $80,000 on Monday.
Strive’s Bitcoin Holdings and Market Position
With the latest purchase, Strive now holds 21,356 bitcoin. This makes it the seventh-largest public corporate holder of bitcoin. The company’s cash and cash equivalents increased to $171.9 million, up from $154.1 million in July.
Strive’s CEO, Matt Cole, stated on Sunday that he has a “very strong” belief that the bitcoin bear market has ended. He pointed to bitcoin’s recent price increases against both the U.S. dollar and gold as evidence.
What Is Confirmed
- Strive Inc. purchased 1,110 bitcoin between August 17 and August 21.
- The purchase was funded through stock sales.
- The company’s total bitcoin holdings are now 21,356 coins.
- Strive’s stock price increased by over 7% following the announcement.
- Bitcoin’s price rose nearly 25% last week.
What Is Still Unclear
The sources do not provide details on whether Strive plans to continue purchasing bitcoin at this pace or if this was a one-time increase.
Why This Purchase Matters
Strive’s purchase highlights growing corporate interest in holding bitcoin as part of a treasury strategy. The company’s stock reaction shows that investors may view bitcoin purchases as a positive move. Strive’s position as the seventh-largest public corporate holder of bitcoin also signals its confidence in the asset’s long-term value.
