Strive Becomes Fifth-Largest Bitcoin Treasury, Stock Jumps on Latest $143 Million Buy
Key Takeaways
- •Strive bought 1,800 bitcoins for $143 million at an average price of $79,431 per coin between August 24 and August 28, according to an SEC filing.
- •The purchase lifted Strive's holdings to 23,156 bitcoins, worth about $1.8 billion at current prices, and made it the fifth-largest publicly traded bitcoin treasury behind Strategy, Twenty One, Metaplanet, and MARA.
- •Strive's stock traded roughly 9% higher following the announcement and is up nearly 40% year-to-date.
- •Strive operates a debt-free treasury model, buying bitcoin with equity and carrying no bonds, credit lines, or leveraged positions.
- •Strategy resumed bitcoin purchases after a 10-week pause, buying 4,603 bitcoins for $369.7 million between August 24 and August 30.
Strive's stock surged on Monday after the company announced a $143 million bitcoin purchase, making it the fifth-largest publicly traded crypto treasury.
The Nasdaq-listed company disclosed that it acquired 1,800 bitcoins between August 24 and August 28, paying an average price of $79,431 per coin, according to a filing with the Securities and Exchange Commission.
The Dallas, Texas-based company now holds 23,156 bitcoins worth $1.8 billion at current prices. Its stock (NASDAQ: ASST) was trading about 9% higher at roughly 12:30 pm in New York. Year-to-date, Strive's shares have climbed 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 comparing growth in bitcoin holdings relative to share count that was popularized by Strategy, the original corporate bitcoin treasury — reached 40.8% as of its August 28 filing, up from less than 37% in early June.
Strive now ranks as the fifth-largest bitcoin treasury, behind only Strategy, Twenty One, Metaplanet, and MARA. The ranking underscores how quickly the corporate bitcoin treasury landscape has expanded since Strategy (formerly MicroStrategy) began accumulating the asset in 2020, with dozens of publicly traded companies across the United States and Asia now adopting similar strategies.
Founded in 2025 by former Ohio gubernatorial candidate Vivek Ramaswamy after raising $750 million to buy Bitcoin, Strive debuted as an official bitcoin treasury company. 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, a consolidation move that signaled how the maturing sector is starting to see treasury companies absorb one another.
The model is designed so that investors can gain 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. That approach contrasts with the debt-financed purchase strategies used by some other treasury companies, which issue convertible bonds and other instruments to fund acquisitions of the cryptocurrency.
Strive's latest purchase comes as Strategy, the largest corporate holder of bitcoin, restarted its buying last week. The software company had paused bitcoin purchases for 10 weeks but announced it bought 4,603 bitcoins for $369.7 million between August 24 and August 30. With two of the largest corporate holders adding to their positions in the same week, further SEC filings from treasury companies will show whether the broader cohort of corporate buyers follows suit.
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.
