Strive expanded its Bitcoin position after buying 1,110 BTC for about $81.5 million between August 17 and August 21. The company’s Bitcoin treasury now totals 21,356 BTC, up from 20,246 BTC one week earlier. According to the latest SEC filing, Strive paid an average of $73,409 per coin, including fees and expenses.

Bitcoin traded near $79,400 on Monday after approaching $80,000, according to Coingecko data. At that price, the newly purchased coins were above their reported acquisition cost. The purchase also came after Bitcoin reclaimed a closely watched long-term moving average.

Strive Bitcoin Treasury Expands With New Purchase

Strive is one of the newer entrants in a corporate Bitcoin treasury trend popularized by Strategy, formerly MicroStrategy, which began converting its balance sheet to Bitcoin in 2020 and remains the largest publicly listed corporate holder of the asset. Dozens of public companies now disclose Bitcoin purchases through SEC filings, making periodic updates like Strive’s a routine channel for tracking corporate accumulation. Strive, co-founded by Vivek Ramaswamy, adopted the strategy after going public through a 2025 merger with Asset Entities.

Strive funded the latest acquisition while its cash balance increased. Cash and equivalents rose from $154.8 million on August 14 to $171.9 million on August 21. The increase indicates that capital raising outpaced spending during the reporting window and left the company with additional liquidity for operations, financing costs, or further purchases.

The company’s treasury strategy is being financed through several channels. Class A shares outstanding rose by 3,646,300 to 79,890,888 during the week. SATA preferred shares increased by 441,313 to 8,270,815. Assumed fully diluted shares reached 92,949,226, the filing said.

Those figures highlight an important shareholder test. More Bitcoin on the balance sheet does not automatically mean more Bitcoin exposure per share. Strive must add corporate Bitcoin holdings faster than share issuance expands the ownership base if it wants per-share exposure to improve. Otherwise, treasury growth can coincide with dilution. Strategy helped turn this measure into an industry benchmark, reporting "BTC Yield" — the period-over-period change in Bitcoin per share — as a headline performance metric in its own filings.

Strive also held 505,000 shares of Strategy’s STRC preferred stock. The fair value of that position rose by $707,000 to $48.57 million. Together with the larger cash balance, that investment adds financial capacity beyond Bitcoin, although the company’s treasury remains the main focus of investor attention.

The company says its operating platform manages almost $3 billion across exchange-traded funds and direct indexing. Fee income can support its broader financing model. Its balance-sheet strategy is designed to capture the spread between preferred-stock costs and Bitcoin’s potential long-term return, although that spread narrows if financing costs rise or Bitcoin weakens.

Bitcoin Reclaim Adds Support to the Purchase

Bitcoin’s move improved the valuation of Strive’s latest purchase. At roughly $79,400, the 1,110 BTC bought by the company would be worth about $88.1 million, or roughly $6.6 million above the reported purchase cost. The full Strive Bitcoin treasury would carry a market value of about $1.70 billion at that price.

The technical backdrop also turned more constructive. Analyst Ali Martinez said Bitcoin reclaimed its 1,130-day simple moving average after moving above $74,000 on August 20. The asset had traded below that average for 80 days after losing it on June 1.

"BITCOIN: ANOTHER BULLISH SIGNAL $BTC has just reclaimed its 1,130-day simple moving average as support, a level that has consistently marked the end of previous bear markets. Over the past four market cycles, Bitcoin began a new bull market shortly after reclaiming this moving... pic.twitter.com/Re8TYnDe5o — Ali Charts (@alicharts) August 24, 2026"

Martinez said similar recoveries preceded new bull markets across four earlier cycles. However, a reclaim of a moving average is not enough on its own to confirm a sustained advance. Continued closes above the level, steady spot demand, and controlled leverage are still needed to maintain support.

Coingecko data shows Bitcoin reached an intraday high near $79,934. That price action gave Strive immediate upside on its latest purchase and increased the market value of the company’s broader Bitcoin holdings.

Strive’s January acquisition of Semler Scientific had already added about 5,048 BTC. Semler had itself adopted a Bitcoin treasury strategy in 2024, and the transaction accelerated the treasury’s scale before the latest open-market purchase and added more capital behind the same directional exposure.

Investors now have two main variables to watch. The first is whether Bitcoin can continue holding the reclaimed long-term average. The second is whether Strive can keep increasing Bitcoin per diluted share.

A larger coin balance may draw attention, but the funding structure will determine shareholder results. The latest filing shows both sides clearly: 1,110 more BTC and 3.65 million additional Class A shares. Future updates will show whether Strive’s Bitcoin treasury growth continues to outpace dilution.