Strive buys 1,110 more Bitcoin, holdings top 21,000 BTC

Bitcoin treasury company Strive bought 1,110 more Bitcoin between August 17 and August 21, paying an average of roughly $73,409 per coin, inclusive of fees and expenses, for a total cost of about $81.5 million, The Daily Hodl reported.

The purchase pushed Strive's total holdings to 21,356 Bitcoin, up from 20,246 the week before. That makes Strive the seventh-largest publicly traded corporate Bitcoin holder, according to BitcoinTreasuries.NET, trailing Strategy at the top of that list by a wide margin but climbing fast against the rest of the field.

“During the period from August 17, 2026 through August 21, 2026, Strive purchased 1,110 Bitcoin at an average price of approximately $73,409 per Bitcoin, inclusive of fees and expenses.”

— Strive, regulatory filing

The same filing shows cash and cash equivalents rising to $171.9 million, with the fair value of the company's other holdings also up slightly. Strive describes the purchase as part of an ongoing treasury strategy built around steadily adding to its reserves rather than timing individual buys.

Investors responded well. Strive shares rose 11% following the news, trading at $20.14, up more than 33% year-to-date. Bitcoin itself traded around $78,925 at the time, up more than 22% over the past seven days.

Strive traces back to 2022, when Vivek Ramaswamy founded it as an asset manager positioned against BlackRock, State Street, and Vanguard on ESG policy. In 2025, Strive merged with the publicly traded Asset Entities, keeping the ticker ASST and becoming the first publicly traded asset management firm structured around a Bitcoin treasury. Matt Cole serves as CEO and chairman. The merger came with plans to raise $750 million through a private placement, plus another $750 million potentially available from warrant exercises, both earmarked for direct Bitcoin purchases.

That funding structure sets Strive apart from earlier treasury companies that bought Bitcoin opportunistically with excess cash. Strive raised capital specifically to buy Bitcoin from the start, which explains both the size of individual weekly purchases and the pace at which they keep happening, closer to a standing mandate than a discretionary trade.

The accumulation pace has been steep. An earlier filing put Strive's holdings at 13,311 Bitcoin as of March 2026, meaning the position has grown roughly 60% in five months, part of a broader pattern of corporate accumulation our earlier coverage tracked across Bitmine, Bitget, and Strive in the same week.

• Purchase: 1,110 BTC between Aug. 17-21, average price ~$73,409, total cost ~$81.5 million
• Holdings: 21,356 BTC, up from 20,246 the prior week, up from 13,311 in March 2026
• Ranking: seventh-largest publicly traded corporate Bitcoin holder, per BitcoinTreasuries.NET
• Market reaction: Strive shares up 11% on the news, trading at $20.14, up over 33% year-to-date
• Balance sheet: cash and cash equivalents at $171.9 million per the latest filing

None of that guarantees the position pays off at current prices. Strive's average cost basis across 21,356 coins now sits well below Bitcoin's current trading price, but a treasury strategy built on continuous buying carries the same downside as continuous buying in any asset: it works until the price stops cooperating.

This piece is informational, not a recommendation to buy, sell, or hold any asset.