Strive adds 1,375 Bitcoin, treasury rises to 24,531 BTC

Strive Inc. disclosed that it purchased 1,375 Bitcoin between August 31 and September 4, spending roughly $109 million at an average price of $79,281 per coin. The acquisition lifts the company’s corporate bitcoin treasury to 24,531 BTC, positioning Strive as the fifth‑largest bitcoin treasury holder according to its SEC Form 8‑K filing.

Funding source

CEO Matt Cole said that 70 % of the capital used for the purchase came from sales of the Variable Rate Series A Perpetual Preferred Stock (SATA), which now has a notional outstanding amount of $999 million. Cole noted that the company is close to reaching a $1 billion threshold.

Impact on Strive’s stock

Strive’s common stock, ticker ASST, has risen 114 % over the past 30 days, with a 6.4 % gain in the last five days. The surge follows increased bitcoin buying and higher SATA volume.

Industry reaction

Strategy founder Michael Saylor responded to the news on X with a brief “₿1,375” and a rocket emoji, while other supporters praised the performance and encouraged continued building.