Strive Buys 1,110 Bitcoin as Share Sales Lift Treasury
Key Takeaways
- •Strive purchased 1,110 Bitcoin at an average price of $73,409 per coin, lifting its total holdings from 20,246 BTC to 21,356 BTC, worth around $1.7 billion.
- •The purchases were funded through at-the-market offerings, with Class A shares rising 4.8% to 79,890,888 and SATA perpetual preferred shares rising 5.6% to 8,270,815.
- •Despite a 5.5% increase in total Bitcoin holdings, the new share issuance limited growth in Bitcoin per fully diluted share to roughly 1.4%.
- •Strive ended August 21 with $171.9 million in cash and cash equivalents, up from $154.8 million one week earlier, even after completing the Bitcoin purchases.
- •The accumulation mirrors broader corporate Bitcoin treasury growth, with Japan's Metaplanet holding 43,000 BTC and Strategy holding 840,447 BTC.
Strive purchased 1,110 Bitcoin at an average price of $73,409.
The company issued 3.65 million common shares and 441,313 preferred shares during the same period.
Its total Bitcoin holdings reached 21,356 BTC.
Public asset manager Strive bought 1,110 Bitcoin, worth around $87.5 million, last week while issuing more common and preferred shares to fund its treasury strategy.
Co-founded in 2022 by Vivek Ramaswamy, Strive’s Bitcoin holdings increased 5.5% between August 17 and August 21. However, the new shares meant its Bitcoin per fully diluted share — a measure of how much Bitcoin corresponds to each share — rose by only about 1.4%.
Strive paid an average of $73,409 per Bitcoin, including fees and expenses, according to an August 24 filing with the Securities and Exchange Commission. The purchases lifted its holdings from 20,246 BTC to 21,356 BTC, worth around $1.7 billion.
Strive raised capital through at-the-market offerings, which allow companies to sell newly issued shares at current market prices.
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. $ASST $SATA pic.twitter.com/bPcbHzl3dH — Matt Cole (@ColeMacro) August 24, 2026
Its Class A share count increased by 3,646,300, or 4.8%, to 79,890,888. The company also issued 441,313 shares of SATA, its perpetual preferred stock, increasing the total by 5.6% to 8,270,815.
SATA traded near or above its $100 face value during the period, allowing Strive to issue the preferred shares without pricing them below that threshold.
Strive ended August 21 with $171.9 million in cash and cash equivalents, up from $154.8 million one week earlier, even after completing the Bitcoin purchases.
The move comes as other major corporate Bitcoin holders continue building their treasuries, underscoring how publicly listed companies are still using equity-linked capital raises to expand digital-asset reserves. Japan’s Metaplanet holds 43,000 BTC after adding 2,823 BTC during the second quarter, while Strategy holds 840,447 BTC.
