Strive Acquires 1,800 Bitcoin, Becomes Fifth-Largest Corporate Holder

Strive, Inc., a Dallas-based asset management firm, has made headlines by purchasing an additional 1,800 Bitcoin, bringing its total holdings to 23,156 BTC. This strategic acquisition has propelled Strive past Bullish, making it the fifth-largest corporate holder of Bitcoin globally.

The company’s rapid accumulation of Bitcoin is notable, having grown from virtually no holdings in early 2025 to over 23,000 BTC in just 18 months. Strive's previous total was approximately 21,356 BTC, indicating a strong commitment to expanding its cryptocurrency reserves.

Strive's purchasing strategy has included more than 29 separate transactions, with significant purchases such as 2,500 BTC in June 2026 following its acquisition of Semler Scientific. Recently, from August 17 to August 21, the firm acquired 1,110 BTC for around $81.5 million, averaging about $73,409 per coin.

To finance these acquisitions, Strive has been issuing equity, including approximately 3.65 million common shares and around 441,000 preferred shares in its latest financing round. Despite this dilution, the company maintains cash reserves of $171.9 million and emphasizes that its Bitcoin holdings are free from debt encumbrances, providing a significant safety net compared to other corporate holders that may have leveraged debt for their purchases.

Market reactions to Strive's announcements have been positive, with the company's stock responding favorably to news of its Bitcoin purchases, suggesting that investors are currently optimistic about its strategy. As Strive continues to navigate the competitive landscape of corporate Bitcoin holdings, further acquisitions may influence both its market position and stock value.

New Developments on Strive's Bitcoin Acquisition

• Strive's preferred stock ticker, $SATA, raised enough capital to purchase over 105 Bitcoin within the first hour of trading.
• The capital raise was executed through Strive’s at-the-market (ATM) program for its Variable Rate Series A Perpetual Preferred Stock.
• As of June 2026, Strive held approximately 19,000 BTC, which increased to over 21,356 BTC by late August 2026.
• Strive purchased 1,110 Bitcoin in a single notable tranche at an average price of roughly $73,409 per coin.
• During the week of August 24 through 28, Strive acquired approximately 1,192 BTC funded entirely by SATA proceeds.
• Strive's perpetual preferred stock structure allows it to maintain a debt-free balance sheet while paying a 13% annualized dividend.
• The company has an ATM authorization of up to $500 million, allowing for continued issuance of SATA shares and Bitcoin purchases.