Strive buys 1,110 BTC, raises treasury to 21,356
Strive bought 1,110 bitcoin for $81.5 million at an average cost of $73,409 per coin, lifting holdings to 21,356 BTC, the firm said in an SEC filing and a post by CEO Matt Cole.
Strive purchased 1,110 bitcoin for $81.5 million at an average cost of $73,409 per coin, the company disclosed in an SEC filing and in a post by CEO Matt Cole on X. The purchases took place between Aug. 17 and Aug. 21 and were announced on Aug. 24, 2026. The reported average price includes fees and expenses. With bitcoin trading near $77,000 to $78,000 after the trades, the newly acquired coins were valued at about $85 million to $86 million when the transaction was posted. Cole wrote, “Strive acquired an additional 1,110 BTC for $81.5M at an average cost of $73,409 per bitcoin, bringing total holdings to ₿21,356.”
The SEC filing shows cash and cash equivalents rose from $154.8 million on Aug. 14 to $171.9 million on Aug. 21, reflecting fresh capital entered the company while it made the purchases. Class A common shares outstanding increased by roughly 3.65 million to about 79.9 million, and SATA preferred shares rose by about 441,000. Strive has used common stock and its Variable Rate Series A Perpetual Preferred Stock (SATA) to fund bitcoin purchases rather than relying on convertible debt.
Strive was founded in 2022 by Vivek Ramaswamy and Anson Frericks and refocused on bitcoin after a reverse merger with Asset Entities in September 2025. An all-stock acquisition of Semler Scientific in early 2026 added about 5,048 BTC to the company’s balance sheet. At recent bitcoin prices, Strive’s 21,356 BTC are worth roughly $1.65 billion to $1.7 billion. That places Strive among the larger publicly traded corporate bitcoin holders and makes it the seventh largest publicly traded BTC-centric digital asset treasury at press time.
The company manages nearly $3 billion across exchange-traded funds and other investment products, generating fee revenue alongside its balance-sheet bitcoin holdings. Strive reports bitcoin-per-share performance and a metric it calls “Bitcoin Yield” to measure whether BTC accumulation keeps pace with growth in the company’s share count.
The SEC filing provided timing, amounts and accounting details for the trades but did not disclose plans for future purchases. The company’s equity issuance, SATA financings, cash reserves and any subsequent bitcoin purchases will affect bitcoin-per-share calculations.
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