Strive buys 1110 Bitcoin for $81.5M as ASST jumps 11%
Strive buys 1110 Bitcoin for about $81.5 million, lifting its treasury to 21,356 BTC after paying an average of $73,409 per coin. Nasdaq-listed ASST shares jumped more than 11% Monday as the Bitcoin treasury firm disclosed the Aug. 17–21 purchases in a US Securities and Exchange Commission filing.
Key Takeaways
- Strive purchased 1,110 BTC for roughly $81.5 million at an average of $73,409 per Bitcoin, including fees and expenses.
- Total holdings reached 21,356 BTC, ranking Strive seventh among publicly traded corporate Bitcoin holders.
- ASST shares surged more than 11% in Monday morning trading and were poised to extend about 36% year-to-date gains.
- Cash rose $17.1 million to $171.9 million, while Class A shares outstanding increased by 3.65 million to 79.89 million.
- Bitcoin traded near $79,000 Monday, about 8% above Strive’s latest average purchase price.
What did Strive disclose in its latest Bitcoin purchase?
According to a Monday filing with the US Securities and Exchange Commission coverage reported by Cointelegraph, Strive bought 1,110 Bitcoin between Aug. 17 and Aug. 21 for about $81.5 million. The company said the average cost was $73,409 per BTC, including fees and expenses.
That purchase pushed Strive’s Bitcoin treasury to 21,356 BTC. Bitcoin was trading near $79,000 on Monday, roughly 8% above the average price Strive paid for the latest tranche.
Why did ASST shares jump after the buy?
Investors reacted quickly to the treasury expansion. Strive’s Nasdaq-traded ASST shares were up more than 11% in Monday morning trading, according to market data cited in the report. The move left the stock poised to extend its roughly 36% year-to-date gains.
CEO Matt Cole framed the strategy as more than a simple bet on a higher Bitcoin price. He said the upside is Bitcoin becoming “the fastest horse inside an expanding scarcity trade” while ASST is structured to amplify that outcome as much as the firm can responsibly support.
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How large is Strive’s Bitcoin and broader business footprint?
BitcoinTreasuries.NET data put Strive as the seventh-largest publicly traded corporate BTC holder after the purchase, behind Bullish and ahead of SpaceX. The firm also held 505,000 shares of Strategy’s STRC preferred stock, valued at $48.6 million as of Aug. 21.
Alongside its Bitcoin treasury strategy, Strive runs an asset management business that manages nearly $3 billion across exchange-traded funds and a direct-indexing platform. Over the purchase window, its cash and cash equivalents rose by $17.1 million to $171.9 million, and Class A shares outstanding increased by 3.65 million to 79.89 million.
The disclosure underscores how public Bitcoin treasuries remain a market catalyst: fresh accumulation at a discount to spot, paired with a sharp equity reaction, keeps Strive squarely in the corporate BTC spotlight.