Strive Buys 1,110 More Bitcoin for $81.5M, Holdings Top 21,356 BTC

3 min readPublished 25 Aug 2026

Strive added 1,110 Bitcoin to its balance sheet last week, paying roughly $81.5 million and pushing its total holdings to 21,356 BTC. The purchase, disclosed in a Monday filing with the Securities and Exchange Commission, was reported by both Cointelegraph and The Block, which agree on the core numbers even though only Cointelegraph’s full article was available for this piece.

What’s confirmed across outlets

Cointelegraph and The Block both report the headline figures: 1,110 BTC purchased for approximately $81.5 million, lifting Strive’s total to 21,356 BTC. Both outlets also place Strive as the seventh-largest publicly traded corporate Bitcoin holder. Cointelegraph attributes that ranking to BitcoinTreasuries.NET data, noting Strive now sits behind Bullish and ahead of SpaceX among corporate holders.

According to Cointelegraph, the Monday SEC filing shows the purchases were made between Aug. 17 and Aug. 21 at an average price of $73,409 per Bitcoin, including fees and expenses. Bitcoin was trading near $79,000 on Monday, Cointelegraph reported, about 8% above that average.

Where the reporting diverges

The Block’s coverage, available to us only as a search-index summary rather than the full article, corroborates the transaction size and new total but adds no independently verifiable detail beyond that. A third outlet, Bitcoin News, published overlapping figures — including a prior holdings level of 20,246 BTC and a cash bridge from $154.8 million to $171.9 million — but Bitcoin News is treated here as context-only and unverified. Its numbers are broadly consistent with Cointelegraph’s account, but because the outlet has not been independently vetted, we are not treating its figures as confirming anything beyond what Cointelegraph and The Block already establish.

Several details in this story rest on Cointelegraph alone. That includes the claim that Strive’s cash and cash equivalents rose by $17.1 million to $171.9 million over the purchase window, and that Class A shares outstanding increased by 3.65 million to 79.89 million. It also includes the reported 11%-plus jump in Strive’s Nasdaq-traded ASST shares Monday morning, which Cointelegraph says extends a roughly 36% year-to-date gain, citing Yahoo Finance data.

Cole’s framing, single-sourced

Cointelegraph reports that CEO Matt Cole posted on X ahead of Monday’s market open, framing the trade as a bet on Bitcoin’s role within what he called an expanding scarcity trade, with ASST structured to amplify that outcome. That characterization comes from Cointelegraph’s citation of the X post; no other outlet in this review has been confirmed to carry the same statement, so it should be read as company messaging rather than independently verified analysis.

The preferred-stock backdrop

Cointelegraph alone provides detail on Strive’s preferred equity instrument, SATA. The variable-rate perpetual preferred stock closed at $100.01 on Friday, back inside management’s targeted $99-to-$101 range after falling as low as $83.30 in late June, Cointelegraph reported. Strive narrowed that target range from $95-to-$105 to $99-to-$101 in March and has said it will not issue new SATA shares below $100 through at-the-market or follow-on offerings, according to Cointelegraph. The instrument launched in November 2025 with 2 million shares sold at $80 each for $160 million in gross proceeds, and carries a stated liquidation preference of $100 per share. Strive raised the annualized dividend rate to 13% in April and moved from monthly to daily payments starting June 16, Cointelegraph reported.

Cointelegraph also reports that as of Aug. 21, Strive’s balance sheet included 505,000 shares of Strategy’s STRC preferred stock, worth $48.6 million. Strategy’s own preferred shares, STRC, changed hands near $97 on Monday — short of the $100 level Strategy targets — and Cointelegraph noted Strategy reported no new Bitcoin purchases for the week ending Aug. 23.

What remains unresolved

The full text of The Block’s article was not available for this review, so it is unclear whether its reporting relies solely on the same SEC filing Cointelegraph cites or includes independent detail. Bitcoin News’s figures on prior holdings and cash levels track closely with Cointelegraph’s, but given that outlet’s context-only status, those specific numbers remain unconfirmed by a vetted newsroom.