Strive Buys 1,110 BTC for $81.5M, Lifting Holdings to 21,356 Bitcoin
Key Takeaways
- •Strive added 1,110 bitcoin to its treasury at an average cost of $73,409 per BTC, excluding no fees or expenses beyond those included in the reported price, according to its filing.
- •The purchase increased Strive's total bitcoin holdings to 21,356 BTC and made it the seventh-largest publicly traded corporate holder of the asset.
- •Strive's cash and cash equivalents rose by $17.1 million to $171.9 million during the same reporting period, and its Class A share count increased to 79.89 million.
- •ASST shares gained more than 11% in Monday morning trading and were positioned to extend year-to-date gains of roughly 36%.
- •Strive's SATA preferred stock closed at $100.01 on Friday, returning to the company's targeted $99-to-$101 trading range.
Strive has purchased 1,110 Bitcoin (BTC) for approximately $81.5 million, bringing its total holdings to 21,356 BTC, according to a Monday filing with the US Securities and Exchange Commission.
The company paid an average of $73,409 per BTC, including fees and expenses, for purchases made between Aug. 17 and Aug. 21. Over the same period, Strive's cash and cash equivalents rose by $17.1 million to $171.9 million, while its Class A shares outstanding increased by 3.65 million to 79.89 million.
Bitcoin was trading near $79,000 on Monday, roughly 8% above the average price Strive paid for its latest acquisition. The purchase lifted Strive to the seventh-largest publicly traded corporate BTC holder, behind Bullish and ahead of SpaceX, according to BitcoinTreasuries.NET data. Strive's Nasdaq-traded ASST shares were up more than 11% in Monday morning trading, poised to extend their roughly 36% year-to-date gains, according to Yahoo Finance data.
"The upside is not simply Bitcoin going higher. It is Bitcoin becoming the fastest horse inside an expanding scarcity trade while $ASST is structured to amplify that outcome as much as we can responsibly support," CEO Matt Cole wrote on X ahead of Monday's market open.
Strive operates its Bitcoin treasury strategy alongside an asset management business that manages nearly $3 billion across exchange-traded funds and a direct-indexing platform, according to the company. It also held 505,000 shares of Strategy's STRC preferred stock, valued at $48.6 million as of Aug. 21.
SATA returns to $100 par
Strive's SATA closed at $100.01 on Friday, returning to management's targeted $99-to-$101 trading range after falling as low as $83.30 in late June. Strive narrowed the range from $95-$105 to $99-$101 in March and said it would not issue SATA through at-the-market or follow-on offerings below $100.
Strive launched SATA in November 2025, initially selling 2 million shares at $80 each for $160 million in gross proceeds. The variable-rate perpetual preferred stock carries a stated amount and initial liquidation preference of $100 per share.
Unlike Strive's common stock, SATA is designed as an income product, with a variable dividend rate intended to help keep the shares trading near $100. Strive raised the annualized dividend rate to 13% in April and switched from monthly to daily dividend payments beginning June 16.
SATA is similar to STRC, the variable-rate perpetual preferred stock issued by Strategy, the world's largest corporate Bitcoin holder. STRC was trading near $97 on Monday, below Strategy's $100 target, while Strategy reported no Bitcoin purchases for the week ended Aug. 23.
