Bitcoin Magazine

Strive Becomes Fifth-Largest Bitcoin Treasury, Stock Jumps on Latest Buy

Strive’s stock soared on Monday after the company announced a $143 million bitcoin buy, making it the fifth biggest publicly traded crypto treasury. 

The Nasdaq-listed company announced its latest buy of 1,800 bitcoins between August 24 and August 28. It snapped up the coins for an average price of $79,431, according to a filing with the Securities and Exchange Commission.

The Dallas, Texas-based company now holds 23,156 coins worth $1.8 billion at today’s prices. Its stock (NASDAQ: ASST) was trading 9% higher at about 12.30pm in New York. Year-to-date, Strive’s stock has risen by nearly 40%. 

JUST IN: Public company Strive bought 1,800 BTC for $143 million pic.twitter.com/xEkWx3ZNZp

— Bitcoin Magazine (@BitcoinMagazine) August 31, 2026

Strive’s year-to-date Bitcoin yield, a metric that compares growth in bitcoin holdings relative to share count, reached 40.8% as of its Aug. 28 filing, up from less than 37% in early June.

Strive now is the fifth biggest bitcoin treasury, behind only Strategy, Twenty One, Metaplanet, and MARA. 

Founded by former Ohio gubernatorial candidate Vivek Ramaswamy in 2025, after raising $750 million to buy Bitcoin, Strive debuted as an official bitcoin treasury. 

In January 2026, it completed the acquisition of Semler Scientific in an all-stock deal — the first instance of a publicly traded Bitcoin treasury company acquiring another such company. 

The idea is that investors can get amplified returns from Strive’s stock. The company buys bitcoin with equity, and maintains a debt-free balance sheet: no bonds, no credit lines, and no leveraged positions that could trigger forced liquidation in a downturn. 

Strive CEO Matt Cole has described the company as debt-free with zero margin requirements and zero encumbered bitcoin.

Strive’s latest purchase comes as Strategy, the biggest corporate holder of bitcoin, restarted its buying last week. 

The software company had paused buying bitcoin for 10 weeks but announced it had bought 4,603 bitcoins for $369.7 million between August 24 to August 30.

This post Strive Becomes Fifth-Largest Bitcoin Treasury, Stock Jumps on Latest Buy first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Strive Stock Soars After 1,110 Bitcoin Buy 

Strive, Inc. bought 1,110 bitcoin last week, the Dallas-based company’s largest single-week purchase in months, lifting its treasury to 21,356 coins, according to Monday filing. 

The company’s stock (Nasdaq: ASST) soared following the news, with shares trading over 7% higher on Monday. Strive is an asset manager which rebranded in 2025 as the first publicly traded asset-management bitcoin treasury company. In January 2026, Strive completed the acquisition of Semler Scientific in an all-stock deal — the first instance of a publicly traded Bitcoin treasury company acquiring another publicly traded Bitcoin treasury company. 

An 8-K filing with the Securities and Exchange Commission revealed Strive made the buys from August 17 through August 21 at an average price of about $73,409 per bitcoin, including fees and expenses, for a total near $81.5 million. 

More than 1 out of every 1,000 Bitcoin that will ever exist is now owned by Strive.

And we’re just getting started. $ASST pic.twitter.com/R43EuOfoqp

— Strive (@Strive) August 24, 2026

The buy raised Strive’s holdings roughly 5.5% from the 20,246 coins it reported in mid-August, and it lands at prices well above the low-$60,000 range the firm paid through most of the summer. 

Strive funded the purchase with proceeds from at-the-market offerings of its ASST and SATA shares. Cash and cash equivalents stood at $171.9 million, up from the $154.1 million the company reported in July.

A faster pace as prices climb

Monday’s filing marks a sharp change in cadence. Strive bought 147 bitcoin between August 3 and 7 at an average of just over $64,800, then another 79 the following week at $63,231. Last week’s total exceeds those two rounds combined by a factor of five.

The acceleration tracks a rally in the underlying asset. Bitcoin rose nearly 25% last week, closing Friday at $77,387, and traded near $80,000 on Monday. 

ASST closed Friday at $18.22, up almost 13%, and gained more than 5% in premarket trading Monday. SATA preferred shares held near their $100 par value.

Strive now ranks as the seventh-largest public corporate holder of bitcoin, behind Strategy’s 840,447 coins, Twenty One Capital, Metaplanet, MARA and Bitcoin Standard Treasury Company.

Strategy, by contrast, has sat out the market for close to two months while rebuilding its dollar reserve.

Chief executive Matt Cole said Sunday he holds “very strong” conviction that the bitcoin bear market has ended, pointing to breakouts against both the dollar and gold.

This post Strive Stock Soars After 1,110 Bitcoin Buy  first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.