Bitcoin Treasury Company Completes $81.5M Purchase at $73,409 Average

Strive, a Nasdaq-traded Bitcoin treasury company, purchased 1,110 Bitcoin between Aug. 17 and Aug. 21 for $81.5 million, pushing its total holdings to 21,356 BTC at an average price of $73,409 per coin including fees and expenses. The acquisition lifted Strive’s shares 11% on Monday as Bitcoin traded near $79,000, approximately 8% above Strive’s average purchase price.

The company’s Class A shares outstanding increased by 3.65 million to 79.89 million shares following the purchase. Cash and cash equivalents rose by $17.1 million to $171.9 million, according to an SEC filing dated Aug. 21.

The purchase positioned Strive as the seventh-largest publicly traded corporate Bitcoin holder, behind Bullish and ahead of SpaceX, according to BitcoinTreasuries.NET data. Strategy, the world’s largest corporate Bitcoin holder, reported no Bitcoin purchases for the week ended Aug. 23.

SATA Preferred Stock Returns to Target Range

Strive’s variable-rate perpetual preferred stock, SATA, closed at $100.01 on Friday, returning to management’s targeted $99-$101 trading range after falling as low as $83.30 in late June. The company raised SATA’s annualized dividend rate to 13% in April and switched from monthly to daily dividend payments beginning June 16.

Strive launched SATA in November 2025, initially selling 2 million shares at $80 each for $160 million in gross proceeds. The preferred stock is designed as an income product with a variable dividend rate intended to keep shares trading near its $100 stated amount and initial liquidation preference.

Asset Management and Treasury Strategy

Strive operates a Bitcoin treasury strategy alongside an asset management business managing nearly $3 billion across ETFs and a direct-indexing platform. The company holds 505,000 shares of Strategy’s STRC preferred stock valued at $48.6 million as of Aug. 21.

STRC, a similar variable-rate perpetual preferred stock issued by Strategy, was trading near $97 on Monday, below Strategy’s $100 target price.

CEO on Bitcoin and Amplification Strategy

Matt Cole, CEO of Strive, said in a statement: “The upside is not simply Bitcoin going higher. It is Bitcoin becoming the fastest horse inside an expanding scarcity trade while $ASST is structured to amplify that outcome as much as we can responsibly support.”

Strive’s ASST shares have gained 36% year-to-date.