{"id":217763,"date":"2026-08-24T19:04:45","date_gmt":"2026-08-24T19:04:45","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=217763"},"modified":"2026-08-24T19:04:45","modified_gmt":"2026-08-24T19:04:45","slug":"strive-stock-soars-after-1110-bitcoin-buy","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=217763","title":{"rendered":"Strive Stock Soars After 1,110 Bitcoin Buy\u00a0"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Strive Stock Soars After 1,110 Bitcoin Buy\u00a0<\/a><\/p>\n

<\/div>\n

Strive, Inc. bought 1,110 bitcoin last week, the Dallas-based company\u2019s largest single-week purchase in months, lifting its treasury to 21,356 coins, according to Monday filing.\u00a0<\/p>\n

The company\u2019s 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<\/a> in an all-stock deal \u2014 the first instance of a publicly traded Bitcoin treasury company acquiring another publicly traded Bitcoin treasury company.\u00a0<\/p>\n

An 8-K filing with the Securities and Exchange Commission revealed<\/a> 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.\u00a0<\/p>\n

\n

More than 1 out of every 1,000 Bitcoin that will ever exist is now owned by Strive.<\/p>\n

And we\u2019re just getting started. $ASST<\/a> pic.twitter.com\/R43EuOfoqp<\/a><\/p>\n

\u2014 Strive (@Strive) August 24, 2026<\/a>\n<\/p><\/div>\n

The buy raised Strive\u2019s 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.\u00a0<\/p>\n

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.<\/p>\n

A faster pace as prices climb<\/strong><\/p>\n

Monday\u2019s 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\u2019s total exceeds those two rounds combined by a factor of five.<\/p>\n

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.\u00a0<\/p>\n

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.<\/p>\n

Strive now ranks as the seventh-largest public corporate holder of bitcoin, behind Strategy\u2019s 840,447 coins, Twenty One Capital, Metaplanet, MARA and Bitcoin Standard Treasury Company.<\/p>\n

Strategy, by contrast, has sat out the market for close to two months while rebuilding its dollar reserve.<\/p>\n

Chief executive Matt Cole said Sunday he holds \u201cvery strong\u201d conviction that the bitcoin bear market has ended, pointing to breakouts against both the dollar and gold.<\/p>\n

This post Strive Stock Soars After 1,110 Bitcoin Buy\u00a0<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Mathew Di Salvo<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Strive Stock Soars After 1,110 Bitcoin Buy\u00a0 Strive, Inc. bought 1,110 bitcoin last week, the Dallas-based company\u2019s largest single-week purchase in months, lifting its treasury to 21,356 coins, according to Monday filing.\u00a0 The company\u2019s stock (Nasdaq: ASST) soared following the news, with shares trading over 7% higher on Monday. Strive is an asset […]<\/p>\n","protected":false},"author":0,"featured_media":217764,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-217763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/217763"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=217763"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/217763\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/217764"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=217763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=217763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=217763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}