Hassan Maishera
TL;DR
-
Strive purchased 1,110 Bitcoin for approximately $81.5 million between August 17 and August 21.
-
The company paid an average of $73,409 per BTC, including fees and expenses.
-
Its total Bitcoin holdings increased by approximately 5.5% to 21,356 BTC.
Strive Expands Bitcoin Treasury With $81.5 Million Purchase
Strive acquired 1,110 Bitcoin for approximately $81.5 million between August 17 and August 21, increasing its total cryptocurrency holdings to 21,356 BTC.
The company disclosed the transaction in an 8-K filing submitted to the US Securities and Exchange Commission.
Strive purchased the Bitcoin at an average price of $73,409 per coin, including fees and related expenses.
The acquisition increased its holdings by approximately 5.5% from the 20,246 BTC reported in mid-August.
With Bitcoin trading around $80,000, Strive’s total holdings would be worth approximately $1.71 billion.
The recently acquired 1,110 BTC would be worth around $88.8 million at that price, approximately $7.3 million above the purchase cost.
Strive is the seventh-largest publicly traded company holding Bitcoin, according to Bitcoin Treasuries data.
Michael Saylor’s Strategy remains the largest corporate Bitcoin holder, with approximately 840,447 BTC.
Other major public holders include Twenty One Capital with 43,514 BTC, Metaplanet with 43,000 BTC, MARA with 35,577 BTC, and Bitcoin Standard Treasury Company with 30,021 BTC.
The growing number of companies building Bitcoin reserves reflects continued corporate interest in the cryptocurrency as a treasury asset.
Strive’s latest acquisition reinforces its position among the largest public companies pursuing this strategy.
Strategy Raises $2 Billion Without Buying More Bitcoin
Strive’s purchase comes as other corporate Bitcoin holders adjust their financing strategies.
Strategy disclosed that it sold 18.26 million MSTR shares for approximately $2 billion between August 17 and August 23.
However, the company did not purchase or sell Bitcoin during that period. Strategy allocated $300 million of the proceeds to its USD Reserve, increasing the reserve to $5.1 billion.
It also placed approximately $1.59 billion into a newly established cash pool. The company said those funds could support future Bitcoin purchases, preferred-stock dividends, interest payments, securities repurchases, and other corporate requirements.
The difference between Strive’s active buying and Strategy’s cash accumulation highlights the varied approaches companies are taking as Bitcoin prices recover.
Both Strive and Strategy use preferred shares as part of their broader corporate financing structures.
Strategy’s STRC preferred stock traded at approximately $96.18 on Monday, below its $100 par value.
By comparison, Strive’s SATA preferred shares traded around $100.63. The price difference suggests investors were valuing the two preferred instruments differently, although each security has its own terms and risks.
Strive also holds 505,000 shares of Strategy’s STRC preferred stock.
The fair value of that position increased to approximately $48.6 million from $47.9 million as of August 14.
Bitcoin Rally Strengthens Corporate Treasury Positions
The latest corporate purchases follow a sharp recovery in Bitcoin’s price. Bitcoin gained $14,264 last week, closing Friday at $77,387.
The cryptocurrency was trading above $80,000 on Monday. Higher Bitcoin prices increase the market value of existing corporate holdings, although they also raise the cost of additional purchases.
For companies such as Strive, buying before the latest move toward $80,000 has already increased the paper value of their newly acquired assets.
Strive CEO Matt Cole said Sunday that he has strong conviction that the Bitcoin bear market has ended.
In an X media post, Cole pointed to Bitcoin’s recent breakouts against both the US dollar and gold.
He said Bitcoin bottomed against gold in February, approximately five months before reaching its low against the dollar in July.
Cole views the Bitcoin-to-gold ratio as an important indicator of Bitcoin’s relative strength and believes rising demand for scarce assets could favor the cryptocurrency.
His comments reflect an increasingly optimistic outlook as Bitcoin approaches major psychological price levels.
However, a breakout against gold or the dollar does not guarantee that further gains will follow.
Strive’s financial filing also showed an improvement in its cash position. Cash and cash equivalents increased to approximately $171.9 million from $154.8 million as of August 14.
The increase provides the company with additional financial flexibility as it continues managing its Bitcoin treasury and preferred-stock investments.
With more than 21,000 BTC, rising cash reserves, and continued exposure to other corporate Bitcoin securities, Strive remains among the most active publicly traded companies pursuing a Bitcoin-focused treasury strategy.
