Bitcoin Magazine

Strive Stock Soars After 1,110 Bitcoin Buy

Strive, Inc. bought 1,110 bitcoin last week, the Dallas-based company’s largest single-week purchase in months, lifting its treasury to 21,356 coins, according to Monday filing. 

The company’s stock (Nasdaq: ASST) soared following the news, with shares trading over 7% higher on Monday. Strive is an asset manager which rebranded in 2025 as the first publicly traded asset-management bitcoin treasury company. In January 2026, Strive completed the acquisition of Semler Scientific in an all-stock deal — the first instance of a publicly traded Bitcoin treasury company acquiring another publicly traded Bitcoin treasury company. 

An 8-K filing with the Securities and Exchange Commission revealed Strive made the buys from August 17 through August 21 at an average price of about $73,409 per bitcoin, including fees and expenses, for a total near $81.5 million.

The buy raised Strive’s holdings roughly 5.5% from the 20,246 coins it reported in mid-August, and it lands at prices well above the low-$60,000 range the firm paid through most of the summer. 

Strive funded the purchase with proceeds from at-the-market offerings of its ASST and SATA shares. Cash and cash equivalents stood at $171.9 million, up from the $154.1 million the company reported in July.

A faster pace as prices climb

Monday’s filing marks a sharp change in cadence. Strive bought 147 bitcoin between August 3 and 7 at an average of just over $64,800, then another 79 the following week at $63,231. Last week’s total exceeds those two rounds combined by a factor of five.

The acceleration tracks a rally in the underlying asset. Bitcoin rose nearly 25% last week, closing Friday at $77,387, and traded near $80,000 on Monday. 

ASST closed Friday at $18.22, up almost 13%, and gained more than 5% in premarket trading Monday. SATA preferred shares held near their $100 par value.

Strive now ranks as the seventh-largest public corporate holder of bitcoin, behind Strategy’s 840,447 coins, Twenty One Capital, Metaplanet, MARA and Bitcoin Standard Treasury Company.

Strategy, by contrast, has sat out the market for close to two months while rebuilding its dollar reserve.

Chief executive Matt Cole said Sunday he holds “very strong” conviction that the bitcoin bear market has ended, pointing to breakouts against both the dollar and gold.

This post Strive Stock Soars After 1,110 Bitcoin Buy first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Source: BitcoinMagazine