Strive buys 1,110 Bitcoin for $81.5M, lifting treasury to 21,356 BTC

Strive, Inc. (Nasdaq: ASST) added 1,110 Bitcoin to its corporate treasury for approximately $81.5 million, lifting total holdings to 21,356 BTC.

The purchase was disclosed in an Item 8.01 current report filed with the SEC on Aug. 24 and signed by Chief Executive Officer Matthew Cole, who also announced the transaction on X. The average purchase price was $73,409 per Bitcoin, inclusive of fees and expenses.

Strive issued 3,646,300 new Class A shares during the same window, while its Variable Rate Series A Perpetual Preferred Stock (SATA) count rose by 441,313. Cash on the balance sheet finished the week at $171.9 million, up $17.1 million from the prior week's $154.8 million — meaning the equity raise outran the coin purchase.

The purchase extends a weekly accumulation cadence that has vaulted Strive into the top tier of publicly traded Bitcoin holders. The company emerged from a merger with Semler Scientific in January 2026, inheriting roughly 5,048 BTC in a single move, and has since relied on at-the-market equity sales to fund ongoing purchases.

How the funding works

Strive raises capital primarily through at-the-market sales of its common stock (ASST) and through SATA preferred shares. The preferred instrument gives investors exposure to a Bitcoin-adjacent yield product without directly buying common stock — a structure that distinguishes Strive from Strategy (formerly MicroStrategy), the largest corporate Bitcoin holder, which relies on common equity and convertible notes.

Assumed fully diluted shares reached 92,949,226 by the close of the week, counting 996,963 options and 2,268,840 unvested employee stock awards. Sitting outside that figure are 26,596,010 shares underlying traditional warrants, which Strive excludes because exercise requires payment of the exercise price.

The broader buying spree

The 1,110 BTC purchase was part of a wider accumulation push. Strive also acquired roughly 2,500 BTC in a separate transaction during the period, spending approximately $185.2 million, followed by another 759 BTC for about $50 million.

The company separately holds 505,000 shares of Strategy's Variable Rate Series A Perpetual Stretch Preferred Stock, carried at a fair value of $48.6 million as of Aug. 21.

For investors, Strive offers Bitcoin exposure through traditional equity markets, complete with SEC filings, quarterly disclosures, and the governance structure of a publicly traded company. The weekly disclosure cadence — equity sales paired with coin purchases — mirrors the playbook Strategy established, though Strive's preferred stock angle adds a distinct capital-raising channel that could attract yield-focused investors who would not otherwise buy common stock.

This article is for informational purposes only and does not constitute investment advice.