Key Highlights
- Strive acquired 1,110 BTC for $81.5M from Aug. 17-21, paying an average of $73,409 per Bitcoin
- The company’s Bitcoin reserves now total 21,356 BTC, positioning it as the seventh-largest corporate holder globally
- Shares of ASST surged over 11% on Monday, building on a year-to-date rally of approximately 36%
- With Bitcoin hovering around $79,000-$80,000 on Monday, the company’s holdings show an unrealized gain of roughly 8%
- Matt Cole, the company’s CEO, expressed “very strong” confidence that Bitcoin’s bear cycle has concluded
Between August 17 and August 21, Strive acquired 1,110 Bitcoin in a transaction valued at roughly $81.5 million, as disclosed in an 8-K filing submitted to the Securities and Exchange Commission.
The acquisition cost averaged $73,409 per Bitcoin when accounting for all fees and related expenses. Following this purchase, Strive’s total Bitcoin reserves increased to 21,356 BTC, representing approximately a 5.5% increase from the 20,246 BTC held in mid-August.
Shares of ASST climbed more than 11% during Monday’s morning session. The stock has posted gains of around 36% since the start of the year.
On Monday, Bitcoin was trading in the vicinity of $80,000, approximately 8% higher than Strive’s average acquisition price for this latest batch.
This purchase elevates Strive to the seventh position among public corporations ranked by Bitcoin holdings, based on data from BitcoinTreasuries.NET. The company now ranks below Bullish and above SpaceX.
Strategy maintains the top position with 840,447 BTC. Twenty One Capital possesses 43,514 BTC, Metaplanet owns 43,000 BTC, MARA controls 35,577 BTC, and Bitcoin Standard Treasury Company holds 30,021 BTC.
CEO Expresses Strong Conviction in Bitcoin Bull Market
On Sunday, CEO Matt Cole stated he holds “very strong” conviction that the Bitcoin bear market has ended. He referenced Bitcoin’s recent price breakouts relative to both the U.S. dollar and gold as key indicators.
Cole observed that Bitcoin reached its bottom against gold in February, approximately five months prior to hitting its dollar-denominated low in July. He emphasized that the BTC/gold ratio has proven to be a reliable indicator and anticipates continued demand for scarce assets will benefit Bitcoin.
“The upside is not simply Bitcoin going higher. It is Bitcoin becoming the fastest horse inside an expanding scarcity trade while $ASST is structured to amplify that outcome as much as we can responsibly support,” Cole posted on X ahead of Monday’s open.
Bitcoin rallied almost 25% during the previous week, finishing Friday at $77,387 after posting a weekly gain of $14,264, per The Block’s BTC price page.
Strive’s SATA Preferred Shares Return to Designated Range
The company also operates a preferred stock instrument known as SATA. It concluded Friday’s trading at $100.01, moving back within the company’s intended $99-to-$101 price band after dipping to $83.30 in late June.
In April, Strive elevated the annualized dividend rate for SATA to 13% and transitioned to daily dividend distributions beginning June 16. SATA was introduced in November 2025 at $80 per share, generating $160 million in initial gross proceeds.
SATA functions in a manner comparable to Strategy’s STRC preferred stock. On Monday, STRC was changing hands near $97, beneath Strategy’s $100 objective.
Strategy disclosed no Bitcoin purchases during the week ending Aug. 23. The company liquidated 18.26 million MSTR shares for approximately $2 billion between Aug. 17 and Aug. 23, allocating $300 million to boost its USD Reserve to $5.1 billion.
Strive’s cash and cash equivalents expanded to $171.9 million from $154.8 million as of Aug. 14. The fair market value of its 505,000 Strategy STRC preferred shares grew to $48.6 million from $47.9 million.
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