Daily News 19

Tag: Strive Bitcoin purchase

  • Strive Adds $143 Million in Bitcoin, Becoming the Fifth-Largest Public Holder

    Strive Adds $143 Million in Bitcoin, Becoming the Fifth-Largest Public Holder

    Strive has strengthened its position among corporate Bitcoin holders after purchasing 1,800 $BTC for approximately $143 million. The acquisition increased the company’s Bitcoin treasury to 23,156 $BTC, moving Strive ahead of Bullish and into fifth place.

    Strive bought the Bitcoin between August 24 and August 28 at an average price of $79,431 per coin. The latest purchase extends the company’s aggressive Bitcoin accumulation strategy.

    Strive accelerates its Bitcoin strategy

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

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

    Equity issuance supports Bitcoin purchases

    Strive continues to fund its Bitcoin expansion through ASST common stock and SATA preferred stock programs. Its Class A share count increased by 3.58 million during the most recent reporting quarter.

    The number of SATA shares also rose by 803,099 to approximately 9.07 million. However, issuing additional equity can reduce the value held by existing shareholders.

    Strive has created up to $4.2 billion in potential fundraising capacity. The company could use that capital to purchase more Bitcoin if market prices are favorable, giving it substantial room to expand its treasury further.

    Related: Ripple Emerges as Top Holding in New York-Traded C1 Fund

    Source: cryptonews.net

  • Strive Adds $143 Million in Bitcoin as Treasury Firms Return to the Market

    Strive Adds $143 Million in Bitcoin as Treasury Firms Return to the Market

    Strive has purchased another 1,800 Bitcoin worth approximately $143 million, continuing its aggressive cryptocurrency accumulation strategy and expanding one of the largest corporate Bitcoin treasuries.

    CEO Matt Cole said Monday that Strive paid an average of $79,431 per Bitcoin for the latest purchase. The transaction brings the company’s total holdings to 23,156 BTC, valued at approximately $1.76 billion at the reference price cited in the disclosure.

    Strive expands Bitcoin treasury strategy

    The purchase follows Strive’s recent $81 million Bitcoin acquisition alongside a share sale. The company trades on the Nasdaq under the ticker ASST after merging with Asset Entities earlier this year.

    Strive was initially co-founded by entrepreneur-turned-politician Vivek Ramaswamy. It is among a growing group of public companies that have adopted Bitcoin treasury strategies, raising capital to accumulate the asset and link their financial performance to its price.

    The approach was pioneered by Michael Saylor’s Strategy and has attracted numerous imitators over the past year. However, corporate Bitcoin treasury strategies carry significant risk because of the cryptocurrency’s volatility.

    Corporate crypto buying resumes

    Strive’s latest purchase comes amid renewed buying across the sector as Bitcoin has rallied. Strategy ended an approximately two-month pause with a $370 million Bitcoin purchase this week, its first since June, after a market recovery pushed its position back into profit.

    Tom Lee’s Bitmine also made its largest Ethereum purchase since June, highlighting how crypto treasury companies have resumed accumulation as prices recovered.

    Bitcoin traded at around $78,600 on Monday, slightly lower on the day but on track to finish August with a gain of more than 24%, which would make it the cryptocurrency’s strongest month since 2017.

    Strive’s average purchase price for the latest tranche is slightly above current market levels, leaving the new Bitcoin investment roughly at break-even for now.

  • Strive Buys Another 1,800 Bitcoin, Pushing Holdings Above 23,000 BTC

    Strive Buys Another 1,800 Bitcoin, Pushing Holdings Above 23,000 BTC

    Strive has added another 1,800 Bitcoin to its corporate treasury in a purchase worth $143 million, according to CEO Matt Cole. The company paid an average of $79,431 per Bitcoin, increasing its total holdings to 23,156 BTC.

    At Bitcoin’s price of approximately $78,000 at press time, Strive’s cryptocurrency holdings are valued at about $1.76 billion.

    Strive acquired an additional 1,800 $BTC for $143M at an average cost of $79,431 per bitcoin, bringing total holdings to ₿23,156.$ASST $SATA pic.twitter.com/6ztKhC4PFF
    — Matt Cole (@ColeMacro) August 31, 2026

    Strive accelerates Bitcoin accumulation

    Strive has increased the pace of its Bitcoin purchases in recent months. The company added another 1,110 BTC last week, as previously reported.

    Cole also published a chart on X showing Strive’s acquisitions over roughly the past year. The chart indicates that the company has completed an increasing number of Bitcoin purchases since March.

    Strategy and Bitmine also expand crypto holdings

    Strive’s latest purchase is the third major cryptocurrency acquisition announced by a prominent company today.

    Strategy resumed its Bitcoin buying after a two-month pause, spending $370 million to acquire 4,603 BTC.

    Bitmine also expanded its cryptocurrency portfolio by purchasing 53,501 ETH. The former Bitcoin miner’s total Ethereum holdings have now surpassed 5.9 million ETH, representing 4.8% of the asset’s circulating supply.

    If you want to learn more about Strategy’s latest moves or the broader cryptocurrency market, watch our video below.

    You may also like

    • BitGo Buys NYDIG’s Institutional Trading Arm for $7M Cash and $35.5M in Stock
    • ‘We’re Back,’ Says Saylor: Is Strategy About to Buy Bitcoin Again?
    • US Secures 65 Billion Barrels of Venezuelan Oil: Could This Be Bullish for Bitcoin?