Strive bought 1,800 Bitcoin between Aug. 24 and Aug. 28 at an average price of $79,431 per coin, spending about $143 million including fees and related costs, according to monitoring by Bitcoin News. The purchase lifted the company’s total Bitcoin holdings from 21,356 BTC to 23,156 BTC, worth about $1.8 billion, and moved it ahead of digital asset exchange Bullish into fifth place among publicly listed companies by Bitcoin holdings. Only Strategy, Twenty One Capital, Metaplanet, and MARA Holdings now hold more.
The company said the latest accumulation was funded mainly through stock sales rather than debt financing. During the period, ASST common shares increased from about 79.9 million to 83.5 million, while SATA preferred shares also rose. Together, the two programs were expected to raise about $154.6 million, with roughly $143 million allocated to Bitcoin purchases. Strive also said it has repaid outstanding debt, currently has no margin requirements, and has not pledged its Bitcoin as collateral.
Strive CEO Matt Cole confirmed the purchases in a post on X on Aug. 31. Over the past 15 days, the company accumulated nearly 3,000 BTC in total, including 1,110 BTC bought between Aug. 17 and Aug. 21 for about $81.5 million and 79 BTC bought earlier in August for about $5 million.
Strive purchased 1,800 Bitcoin between Aug. 24 and Aug. 28 at an average price of $79,431 per BTC, spending about $143 million including fees and related costs, according to Bitcoin News monitoring.
The buy increased Strive’s Bitcoin holdings from 21,356 BTC to 23,156 BTC, valued at about $1.8 billion. That pushed the company past digital asset exchange Bullish, making it the fifth-largest publicly listed corporate holder of Bitcoin, behind only Strategy, Twenty One Capital, Metaplanet, and MARA Holdings.
Nearly 3,000 BTC added in 15 days
Over the past 15 days, Strive accumulated nearly 3,000 BTC in total. From Aug. 17 to Aug. 21, it bought 1,110 BTC for about $81.5 million. Earlier in August, it purchased another 79 BTC for about $5 million.
Strive CEO Matt Cole confirmed the purchases in a post on X on Aug. 31.
Funding came mainly from stock sales
Strive said the latest Bitcoin purchases were financed mainly through stock sales rather than debt financing. During the period, the number of ASST common shares rose from about 79.9 million to 83.5 million, while the number of SATA preferred shares also increased. The two programs were expected to raise about $154.6 million, with around $143 million directed to Bitcoin purchases.
SATA currently offers a 13% annualized dividend, paid on each business day.
Company says debt has been repaid
Strive said it has repaid its outstanding debt, currently has no margin requirements, and has not pledged its Bitcoin as collateral.
After buying nearly 3,000 BTC in August, ASST shares rose more than 5% on Monday and were up nearly 100% for the month. The company’s stock-funded Bitcoin strategy may dilute existing shareholders, while a decline in Bitcoin’s price could also create risk.
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