Strive Acquires 1,800 Bitcoins, Becomes Fifth-Largest Bitcoin Treasury

Strive has announced a significant acquisition of 1,800 bitcoins, valued at $143 million, which has propelled the company to become the fifth-largest publicly traded Bitcoin treasury. This purchase was made between August 24 and August 28, with the bitcoins acquired at an average price of $79,431, according to a filing with the Securities and Exchange Commission.

The Dallas-based company now holds a total of 23,156 bitcoins, worth approximately $1.8 billion at current market prices. Following the announcement, Strive's stock (NASDAQ: ASST) saw a 9% increase in trading around noon in New York. Year-to-date, Strive's stock has appreciated nearly 40%.

Strive's year-to-date Bitcoin yield, which measures the growth of its Bitcoin holdings relative to its share count, has reached 40.8% as of the end of August, a notable increase from less than 37% in early June. The company now ranks behind only Strategy, Twenty One, Metaplanet, and MARA in terms of Bitcoin treasury size.

Founded in 2025 by Vivek Ramaswamy, Strive initially raised $750 million to invest in Bitcoin and has since positioned itself as a unique player in the market. In January 2026, it made headlines by acquiring Semler Scientific in an all-stock deal, marking the first instance of a publicly traded Bitcoin treasury company acquiring another.

Strive's strategy focuses on using equity to purchase Bitcoin while maintaining a debt-free balance sheet, avoiding bonds, credit lines, or leveraged positions that could lead to forced liquidation during market downturns. CEO Matt Cole emphasized that the company operates without margin requirements and holds no encumbered Bitcoin.

This latest acquisition comes as Strategy, the largest corporate holder of Bitcoin, resumed its buying activities after a ten-week pause, acquiring 4,603 bitcoins for $369.7 million during the same period.