Strive Inc. disclosed that it has expanded its Bitcoin reserves with a $143 million purchase, adding 1,800 BTC to its balance sheet. This acquisition brings the total number of bitcoins held by the company to 23,156, reflecting renewed activity among large institutional buyers in the crypto market.
Details of the Latest Bitcoin Acquisition
Between August 24 and August 28, Strive completed its latest round of Bitcoin purchases at an average price of $79,431 per coin, according to its Form 8-K filing with the US Securities and Exchange Commission. The acquisition was carried out as the company sought to quickly scale up its digital asset holdings.
The company’s most recent transaction follows another substantial buy of 1,110 BTC for $81.5 million in the preceding week. Strive previously set its own record for the largest single Bitcoin purchase through an acquisition of 5,816 BTC in conjunction with a merger with Semler Scientific in September 2025.
Equity Financing and Balance Sheet Changes
Strive Inc., which trades on Nasdaq under the ticker ASST, was co-founded by entrepreneur Vivek Ramaswamy and is currently led by CEO Matt Cole. The company financed its purchase through an at-the-market stock issuance, expanding its Class A common shares from 72 million to 83.4 million, an increase of 3.5 million shares.
ETH
SOL
BSC
ROBINHOOD
USDT
AAPLSATA perpetual preferred shares, another core part of the company’s capital structure, increased to 9.07 million units. Strive’s cash position also rose, reaching $183.5 million from a previous $171.9 million. The effective Bitcoin per share climbed 4.3% to 0.000248 BTC, offsetting any dilution caused by the expansion in share count.
Mini dictionary: At-the-market issuance (ATM), a method companies use to raise capital by selling new shares directly into the open market over time, rather than in a single, large offering. This approach allows for flexible and gradual fundraising based on market demand.
Position in the Corporate Bitcoin Landscape
Strive’s latest asset increase positions it as the seventh-largest corporate holder of Bitcoin, based on data from BitcoinTreasuries.net. The company operates with an equity-based and debt-free business model, utilizing SATA preferred shares to pay variable-rate dividends of up to 13%. This structure aims to minimize liquidation risk, although future growth depends on maintaining the market value of SATA shares above $100 per unit.
The recent purchase coincided with an increased appetite for Bitcoin amongst institutional investors, as other firms also made sizable acquisitions. Another major corporate entity, Strategy, acquired 4,603 BTC valued at $370 million after a two-month hiatus, bringing the total to $513 million in purchases within five days.
| Company | BTC Purchased | Amount Spent | Total Holdings | Date |
|---|---|---|---|---|
| Strive | 1,800 BTC | $143 million | 23,156 BTC | Aug 24–28 |
| Strategy | 4,603 BTC | $370 million | Not specified | Past week |
Through these recent actions, Strive continues its strategy of allocating corporate resources to digital assets, aiming to augment shareholder value, while maintaining a conservative financial profile with no convertible debt obligations.
Strive has raised its Bitcoin holding to 23,156 BTC after acquiring 1,800 coins for $143 million at an average price of $79,431, marking a significant increase supported by new share issuances and a rising cash balance.
