ME News reports that, as of September 3 (UTC+8), according to Bitcoin News monitoring, Strive purchased 1,800 bitcoins between August 24 and August 28 at an average price of $79,431 per bitcoin, with a total transaction value of approximately $143 million, including fees and related expenses. This acquisition increased Strive’s bitcoin holdings from 21,356 to 23,156 bitcoins, valued at approximately $1.8 billion, making it the fifth-largest corporate holder of bitcoin among publicly traded companies, behind Strategy, Twenty One Capital, Metaplanet, and MARA Holdings. Over a 15-day period, Strive accumulated nearly 3,000 bitcoins, including 1,110 bitcoins purchased between August 17 and August 21 for approximately $81.5 million, and 79 bitcoins acquired earlier in August for about $5 million. Strive’s CEO, Matt Cole, confirmed these purchases in a post on X on August 31. The funding for these purchases primarily came from equity sales rather than debt financing. During this period, the number of ASST common shares increased from approximately 79.9 million to 83.5 million, and the number of SATA preferred shares also rose; together, these offerings are expected to raise approximately $154.6 million, with about $143 million allocated to bitcoin purchases. SATA currently offers a 13% annual dividend, paid daily on business days. Strive has repaid all outstanding debt, currently has no margin requirements, and has not pledged any of its bitcoins. In August alone, Strive acquired nearly 3,000 bitcoins, and ASST’s stock price rose over 5% on Monday, with a cumulative gain of nearly 100% for the month. Financing bitcoin purchases through equity issuance may dilute existing shareholders’ ownership, and a decline in bitcoin prices could also pose risks. (Source: ODAILY)
Strive Becomes the Fifth-Largest Bitcoin Holder Among Public Companies with $1.8 Billion in Holdings
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Summary
Strive currently holds 23,156 BTC, valued at $1.8 billion, making it the fifth-largest public company by BTC dominance. The company purchased 1,800 BTC in late August at an average price of $79,431 per BTC, spending $143 million. Earlier purchases of 1,110 BTC and 79 BTC in early August brought the 15-day total to nearly 3,000 BTC. The funds were sourced from stock sales, not debt. Strive’s shares rose over 5% on Monday and nearly 100% for the month.
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