Strive executive discussing Bitcoin treasury companies in an official company source frame

Strive Buys 1,110 Bitcoin for $81.5 Million as Treasury Tops 21,000 BTC

By Isaac • August 24, 2026 3:18 pm • Comments

Strive just made one of the clearest corporate Bitcoin buys of the current rally.

The Nasdaq-listed asset manager purchased 1,110 Bitcoin for approximately $81.5 million between August 17 and August 21. The company paid an average of $73,409 per coin, including fees and expenses, and lifted its treasury from 20,246 BTC to 21,356 BTC.

That is a 5.5% increase in Strive’s Bitcoin position in one week.

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It also pushed the company’s holdings above one-tenth of one percent of Bitcoin’s fixed 21 million supply. Put another way, Strive now owns slightly more than one of every 1,000 Bitcoin that can ever exist.

The numbers come directly from Strive’s new filing with the U.S. Securities and Exchange Commission. It covers the five-day period from August 17 through August 21 and records the average purchase price as inclusive of fees and expenses.

The filing also shows that Strive ended the period with $171.9 million in cash and cash equivalents, up from $154.8 million. It held 505,000 shares of Strategy’s STRC preferred stock with a reported fair value of approximately $48.57 million.

Strive’s Class A share count increased by 3.65 million to 79.89 million over the same period. That makes the filing more than a Bitcoin purchase receipt: it shows the liquidity and capital structure surrounding the accumulation strategy.

The timing matters because Bitcoin had just completed a powerful weekly advance and was pushing toward $80,000 when the disclosure arrived. Strive bought into that strength at a reported average price well below Monday’s market level.

Chairman and CEO Matt Cole posted the exact purchase figures:

Cointelegraph reported that Strive’s Class A shares jumped more than 11% after the disclosure. The report also highlighted two balance-sheet changes that deserve as much attention as the Bitcoin total: cash and cash equivalents rose to $171.9 million, while Class A shares outstanding increased by 3.65 million to 79.89 million.

Those figures show both sides of the treasury model.

Strive is accumulating more of the world’s largest crypto asset, but investors still have to measure that growth against the capital used to finance it. A bigger Bitcoin stack is most valuable to common shareholders when Bitcoin exposure per share rises along with the headline total.

The latest purchase clearly moved the absolute holdings higher. Whether it also improves the long-term per-share economics will depend on the price and terms of future capital raises, the performance of the company’s preferred securities and the pace of additional Bitcoin purchases.

The Block, citing Bitcoin Treasuries data, ranked Strive as the seventh-largest public-company Bitcoin holder after the transaction. The company now sits behind a small group of treasury giants led by Strategy, while holding far more Bitcoin than most public firms that have entered the market.

The ranking placed Strategy first with 840,447 BTC, followed by Twenty One Capital, Metaplanet, MARA and Bitcoin Standard Treasury Company among the firms ahead of Strive. The same report calculated that Strive’s purchase expanded its holdings by approximately 5.5% from the prior week’s 20,246 BTC.

That makes the transaction more than a routine corporate allocation. Strive is no longer testing Bitcoin with a small balance-sheet position.

Its treasury has become a central part of the company’s identity and a material slice of the publicly held corporate Bitcoin market. Each financing decision now directly affects how investors experience that Bitcoin exposure through ASST shares.

Strive emphasized the supply milestone in its own announcement:

The timing is especially notable.

Bitcoin gained nearly 25% last week, according to The Block’s market data, and closed Friday at $77,387. Strive’s $73,409 average purchase price suggests the company accumulated throughout the move instead of waiting for the rally to settle.

That can work in its favor if Bitcoin’s breakout holds. It also raises the stakes if the market gives back a large portion of the advance.

For now, the transaction shows that institutional demand is not limited to spot exchange-traded funds. Public treasury companies are still competing for Bitcoin, and Strive has placed itself near the front of that group.

The next disclosure will reveal whether 1,110 BTC was an unusually large week or the start of a faster accumulation phase. The more important test for shareholders will be whether Strive can keep expanding its Bitcoin position without letting new share issuance outrun the value it is adding.

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