Strive Adds $143 Million in Bitcoin, Climbs to Fifth Among Public Holders

Strive has strengthened its position among corporate Bitcoin holders after adding 1,800 $BTC for roughly $143 million. The purchase lifted its treasury to 23,156 $BTC, pushing the company past Bullish into fifth place.

Strive bought the coins between August 24 and August 28 at an average $79,431 each. The latest move also extends the company’s aggressive Bitcoin accumulation strategy.

Strive accelerates Bitcoin strategy

The latest purchase follows Strive’s acquisition of 1,110 $BTC during the previous week. Consequently, the company added 2,910 $BTC across two weeks for approximately $224.5 million.

Moreover, the buying spree highlights Strive’s growing commitment to Bitcoin as a central treasury asset. The company now trails Strategy, Twenty One Capital, Metaplanet, and MARA Holdings.

Equity issuance supports purchases

Strive continues funding its Bitcoin expansion through ASST common stock and SATA preferred stock programs. Moreover, its Class A share count increased by 3.58 million in the most recent reporting quarter.

SATA shares also increased by 803,099 to a total of around 9.07 million. Issuing more equity, however, can reduce existing shareholders’ value.

Significantly, Strive has created up to $4.2 billion in potential fundraising capacity. Moreover, that capital could be used to invest in more Bitcoin if prices are right. This gives Strive lots of space to build its treasury even more.

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