Strive adds 1,800 BTC, moves to fifth‑largest public corporate holder

Dallas‑based Strive announced the acquisition of 1,800 Bitcoin between August 24 and August 28, at an average price of $79,431 per coin. The $143 million purchase lifted the company’s treasury to 23,156 BTC, overtaking crypto exchange Bullish and placing Strive as the fifth‑largest publicly traded corporate Bitcoin holder.

Purchase details and valuation

The SEC Form 8‑K filing shows the transaction cost approximately $143 million, including fees. At a Bitcoin price of roughly $76,400, the newly‑sized treasury is valued at about $1.77 billion.

Funding through equity programs

Strive financed the purchase using its at‑the‑market equity programs:

• ASST common stock increased by 3.58 million shares, raising the total Class A count to 83.47 million.
• SATA preferred stock rose by 803,099 shares to 9.07 million, each carrying a $100 liquidation preference.

The simultaneous issuance of both securities indicates continued reliance on equity to support the Bitcoin strategy.

Impact on share price

ASST shares rallied more than 5 % on the day following the filing, trading near $23.16 and up about 95 % for August. SATA traded close to its $100 liquidation preference.

Broader balance‑sheet context

Alongside the Bitcoin purchase, Strive’s cash and cash equivalents grew by $11.6 million to $183.5 million. The company also holds 505,000 shares of Strategy’s STRC preferred stock, valued at $49.15 million.

Recent acquisition history

In the prior week Strive bought 1,110 BTC for $81.5 million, and earlier in August it added 1,110 BTC at an average price of $73,409. Across the two weeks, the firm acquired 2,910 BTC for roughly $224.5 million.