Strive Inc. bought 79 more bitcoin between Aug. 10 and Aug. 14, pushing its corporate treasury to 20,246 BTC. The purchase, disclosed by CEO Matt Cole on Aug. 17, values the company's stash near $1.273 billion and keeps it among the largest public bitcoin holders.
Strive Inc. added 79 bitcoin to its balance sheet between Aug. 10 and Aug. 14, lifting its total holdings to 20,246 BTC. The Dallas-based public asset manager paid an average of roughly $63,231 per coin, including fees and expenses. With bitcoin recently trading near $62,895, the company's full position was worth roughly $1.273 billion.
CEO and Chairman Matt Cole disclosed the purchase on Aug. 17 on X and pointed investors to the company's SEC filing for further detail. The deal keeps Strive ranking roughly seventh among public-company bitcoin holders.
Strive Keeps Adding Bitcoin Across Multiple Buys
The latest purchase barely moves the needle against Strive's existing stack, but it extends a pattern of accumulating bitcoin across multiple transactions throughout 2026 rather than deploying capital in one shot. Strive was co-founded by entrepreneur and politician Vivek Ramaswamy and is now run operationally by Cole.
Its bitcoin strategy shifted into higher gear after an all-stock merger with Semler Scientific, which added a sizable bitcoin position to Strive's balance sheet. The company has since tapped at-the-market stock sales and its own preferred shares to finance additional purchases, feeding shares gradually into the open market rather than launching one large offering.
That approach gives Strive a capital pipeline without adding traditional senior debt, though existing shareholders can face dilution as the share count grows. For investors, the test is whether each financing round ultimately adds more bitcoin behind every share.
Cash and Preferred Holdings Back the Buying
Strive held roughly $154.8 million in cash and cash equivalents as of Aug. 14, virtually unchanged from $154.9 million a week earlier. It also owned 505,000 shares of Strategy's Variable Rate Series A Perpetual Stretch Preferred Stock, ticker STRC, carrying a reported fair value of roughly $47.9 million.
The company calls its balance sheet debt-free while using preferred shares, including its SATA security, to fund bitcoin purchases. Its underlying business remains asset management, while bitcoin serves as a long-term treasury reserve, setting it apart from a bitcoin miner or a company that only occasionally parks cash in the asset.
ASST Shares Track Bitcoin and Dilution Pressure
Strive shares, trading on Nasdaq under ASST, finished at $12.32 on Aug. 14, down roughly 1.3% from $12.48 on Aug. 7. During the prior two weeks, ASST climbed from roughly $11.80 on Aug. 3 into the low-$12 range before giving back some ground.
Shares stayed down roughly 25% to 30% over three months after trading in the high teens during May. As of Aug. 17, however, ASST is up more than 4% at the start of Wall Street's open, a pattern that shows investors increasingly price Strive as a leveraged bitcoin proxy rather than a traditional asset manager.
Source: Bitcoin News
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