Shares of Strive climbed sharply on Monday following the announcement of a $143 million bitcoin acquisition, which elevates the firm to the fifth-largest publicly traded crypto treasury.
According to a filing submitted to the Securities and Exchange Commission, the Nasdaq-listed enterprise acquired 1,800 bitcoins between August 24 and August 28 at an average price of $79,431 per coin.
Based in Dallas, Texas, the organization now possesses 23,156 coins, valued at $1.8 billion at current market prices. Trading for its stock (NASDAQ: ASST) rose by 9% around 12:30 p.m. in New York, bringing its year-to-date stock increase to nearly 40%.
JUST IN:
Public company Strive bought 1,800 BTC for $143 million
pic.twitter.com/xEkWx3ZNZp
— Bitcoin Magazine (@BitcoinMagazine) August 31, 2026
The company’s year-to-date Bitcoin yield—a performance metric contrasting bitcoin holding growth against share count—reached 40.8% as of the August 28 filing, advancing from below 37% recorded in early June.
Following this latest purchase, Strive ranks as the fifth-largest corporate bitcoin treasury, trailing only Strategy, Twenty One, Metaplanet, and MARA.
Established in 2025 by former Ohio gubernatorial candidate Vivek Ramaswamy after securing $750 million specifically to purchase Bitcoin, Strive launched directly as an official bitcoin treasury entity.
During January 2026, the firm finalized an all-stock acquisition of Semler Scientific, marking the initial occasion a publicly traded bitcoin treasury enterprise bought out a peer in the same sector.
Strive’s model is structured to offer investors amplified returns through its equity. The corporation purchases bitcoin utilizing equity while preserving a debt-free balance sheet devoid of bonds, credit lines, and leveraged positions capable of provoking forced liquidations during market declines.
Matt Cole, CEO of Strive, has characterized the firm as entirely debt-free, maintaining zero margin requirements and zero encumbered bitcoin.
This fresh acquisition by Strive coincides with Strategy—the leading corporate holder of bitcoin—resuming its purchasing activity last week.
After halting its bitcoin acquisitions for a duration of 10 weeks, the software enterprise disclosed that it had secured 4,603 bitcoins for a total of $369.7 million between August 24 and August 30.
Frequently Asked Questions
How many bitcoins does Strive hold?
Strive holds 23,156 bitcoins valued at $1.8 billion.
What is Strive’s stock ticker?
Strive trades under the ticker NASDAQ: ASST.
Who founded Strive?
Strive was founded in 2025 by former Ohio gubernatorial candidate Vivek Ramaswamy.
Which companies are larger bitcoin treasuries than Strive?
Strategy, Twenty One, Metaplanet, and MARA are larger publicly traded bitcoin treasuries.
