Funding
Strive Acquires 1,110 Bitcoin, Total Holdings Reach 21,356 BTC
Strive, a cryptocurrency treasury company, has made a substantial addition to its Bitcoin reserves, acquiring 1,110 BTC between August 17 and August 21, 2026. This purchase has elevated its total holdings to 21,356 BTC, up from 20,246 BTC the previous week.
The acquisition was executed at an average price of approximately $73,409 per Bitcoin, totaling around $81.5 million. This move aligns with Strive's strategy of steadily building its cryptocurrency reserves. Following the announcement, shares of Strive surged by 11%, with the company trading at $20.14, marking a year-to-date increase of over 33%.
Additionally, Strive has raised over $10 million through its at-the-market preferred stock program, which has allowed the company to convert these funds into Bitcoin without incurring debt. This program, initiated in December 2025, is designed to support Bitcoin purchases exclusively through equity issuance, thereby avoiding the risks associated with leveraged financing.
As of now, Strive stands as the seventh-largest publicly traded corporate holder of Bitcoin, according to BitcoinTreasuries.NET. The company’s treasury strategy appears to be paying off, as it continues to accumulate Bitcoin while maintaining a robust cash position of $171.9 million.
FAQ
What recent acquisition did Strive make regarding Bitcoin?
Strive acquired 1,110 Bitcoin between August 17 and August 21, 2026, increasing its total holdings to 21,356 BTC.
At what average price did Strive purchase the Bitcoin?
Strive purchased the Bitcoin at an average price of approximately $73,409 per Bitcoin, totaling around $81.5 million.
How has Strive's stock performed following the Bitcoin acquisition announcement?
Following the announcement, shares of Strive surged by 11%, trading at $20.14, with a year-to-date increase of over 33%.
What funding strategy is Strive using to acquire Bitcoin?
Strive has raised over $10 million through its at-the-market preferred stock program, allowing the company to convert these funds into Bitcoin without incurring debt.
What position does Strive hold in terms of Bitcoin holdings among publicly traded companies?
Strive is currently the seventh-largest publicly traded corporate holder of Bitcoin, according to BitcoinTreasuries.NET.