Strive's Bitcoin Holdings Reach 21,356 BTC After $81.5 Million Purchase
Key Takeaways
- •Strive purchased 1,110 BTC for approximately $81.5 million between August 17 and 21, at an average cost of $73,409 per coin including fees and expenses.
- •The acquisition raised Strive's total Bitcoin holdings to 21,356 BTC, worth roughly $1.69 billion, an increase of about 5.5% from 20,246 BTC earlier in the month.
- •Strive, founded by Vivek Ramaswamy, became a publicly traded Bitcoin treasury company in 2025 after merging with Asset Entities.
- •Strategy, the largest corporate Bitcoin holder, reported no Bitcoin transactions during the period despite raising roughly $2 billion through stock sales.
- •Bitcoin traded near $79,016, up 2.23% over 24 hours and 22.9% over seven days, placing Strive's latest average purchase price roughly 7% below the current market level.
Strive has continued building its corporate Bitcoin treasury with a fresh purchase of 1,110 BTC for approximately $81.5 million, executed between August 17 and August 21. The acquisition lifts the company's total holdings to 21,356 BTC — worth roughly $1.69 billion at recent prices — with the newest tranche acquired at an average price of $73,409 per coin, inclusive of fees and expenses.
The purchase adds to a broader pattern of corporate demand for Bitcoin, whose protocol caps total supply at 21 million coins, making it a scarce digital asset that public companies increasingly hold as a treasury reserve. Strive, the asset-management firm founded by Vivek Ramaswamy, became a publicly traded Bitcoin treasury company in 2025 after merging with Asset Entities.
Treasury Growth Accelerates
The latest purchase increased Strive's Bitcoin reserves by roughly 5.5%, up from 20,246 BTC earlier this month, and places the company among the largest public corporate Bitcoin holders worldwide.
The rest of Strive's balance sheet also expanded over the same period. Cash and equivalents rose to $171.9 million from $154.8 million, while the company's 505,000 STRC preferred shares — a preferred stock offering Strive has used as a funding channel for its Bitcoin accumulation — gained value to reach $48.6 million.
Strive's approach stands apart from companies that paused purchases during recent market moves. Strategy, the largest corporate Bitcoin holder and the firm that pioneered the corporate Bitcoin treasury model with its first purchase in 2020, reported no Bitcoin transactions despite raising roughly $2 billion through stock sales.
Bitcoin Demand Strengthens
Bitcoin trades near $79,016, gaining 2.23% over the past 24 hours and 22.9% over seven days. At that level, the newest tranche's average cost of $73,409 per coin sits roughly 7% below the current market price. Against this backdrop, Strive's latest purchase reflects growing confidence in Bitcoin's recovery, and whether the company sustains its buying pace while Strategy remains on the sidelines will be a key detail in upcoming corporate treasury disclosures.
Source: CryptoNewsNet
