Strive, Inc. purchased 1,110 bitcoin last week — the Dallas-based company's largest single-week acquisition in months — lifting its treasury to 21,356 coins, according to a filing made Monday.

Shares of the company (Nasdaq: ASST) soared on the news, trading more than 7% higher on Monday.

Strive is an asset manager that rebranded in 2025 as the first publicly traded asset-management bitcoin treasury company. In January 2026, Strive completed the acquisition of Semler Scientific in an all-stock deal — the first instance of a publicly traded Bitcoin treasury company acquiring another publicly traded Bitcoin treasury company. The corporate bitcoin treasury model — holding bitcoin on a company balance sheet as a primary reserve asset — was popularized by Strategy, which began accumulating coins in 2020 and has since been emulated by a growing roster of public companies.

An 8-K filing with the Securities and Exchange Commission revealed that Strive made the purchases from August 17 through August 21 at an average price of about $73,409 per bitcoin, including fees and expenses, for a total near $81.5 million.

Strive noted on X:

More than 1 out of every 1,000 Bitcoin that will ever exist is now owned by Strive. And we're just getting started. $ASST pic.twitter.com/R43EuOfoqp

— Strive (@Strive), August 24, 2026

The company's 'one out of every 1,000' framing reflects bitcoin's hard supply cap of 21 million coins. The purchase raised Strive's holdings by roughly 5.5% from the 20,246 coins reported in mid-August, and it came at prices well above the low-$60,000 range the firm paid through most of the summer.

Strive funded the acquisition with proceeds from at-the-market offerings of its ASST common shares and SATA preferred shares. At-the-market programs sell newly issued stock into the market gradually — a funding mechanism that spreads out sales but increases share count over time. Cash and cash equivalents stood at $171.9 million, up from the $154.1 million the company reported in July.

A faster pace as prices climb

Monday's filing marks a sharp change in cadence. Strive bought 147 bitcoin between August 3 and 7 at an average of just over $64,800, then another 79 the following week at $63,231. Last week's total exceeds those two rounds combined by a factor of five.

The acceleration tracks a rally in the underlying asset. Bitcoin rose nearly 25% last week, closing Friday at $77,387, and traded near $80,000 on Monday.

ASST closed Friday at $18.22, up almost 13%, and gained more than 5% in premarket trading Monday. SATA preferred shares held near their $100 par value.

Strive now ranks as the seventh-largest public corporate holder of bitcoin, behind Strategy's 840,447 coins, Twenty One Capital, Metaplanet, MARA and Bitcoin Standard Treasury Company. Strategy, by contrast, has sat out the market for close to two months while rebuilding its dollar reserve. Subsequent filings will show whether Strive sustains this faster cadence at higher prices — and whether Strategy returns to buying.

Chief executive Matt Cole said Sunday that he holds "very strong" conviction that the bitcoin bear market has ended, pointing to breakouts against both the dollar and gold.

This article by Mathew Di Salvo first appeared on Bitcoin Magazine.