Strive becomes fifth-largest bitcoin treasury after $143M buy

Strive's shares climbed sharply on Monday following the company's disclosure of a $143 million bitcoin purchase, which lifted it to the position of fifth-largest publicly traded crypto treasury.

The Nasdaq-listed firm revealed it acquired 1,800 bitcoins from August 24 through August 28. The purchase came at an average price of $79,431, as detailed in a Securities and Exchange Commission filing.

Headquartered in Dallas, Texas, Strive now holds 23,156 bitcoins valued at $1.8 billion based on current prices. Its shares (NASDAQ: ASST) were up 9% around 12:30 p.m. in New York. So far this year, Strive's stock has gained close to 40%.

JUST IN: Public company Strive bought 1,800 BTC for $143 million

— Bitcoin Magazine (@BitcoinMagazine) August 31, 2026

Strive's year-to-date bitcoin yield — which measures the growth of its bitcoin holdings against its share count — stood at 40.8% as of the Aug. 28 filing, compared with under 37% in early June.

Strive is now the fifth-largest bitcoin treasury, trailing only Strategy, Twenty One, Metaplanet, and MARA.

Founded in 2025 by former Ohio gubernatorial candidate Vivek Ramaswamy after raising $750 million to purchase bitcoin, Strive launched as a dedicated bitcoin treasury company.

In January 2026, Strive finished its purchase of Semler Scientific through an all-stock transaction, marking the first time a publicly traded bitcoin treasury company acquired another firm of the same kind.

The strategy allows investors to benefit from magnified returns through Strive's shares. The company uses equity to buy bitcoin and keeps a debt-free balance sheet, with no bonds, credit lines, or leveraged positions that could lead to forced liquidation during a downturn.

Strive CEO Matt Cole has characterized the firm as having no debt, no margin requirements, and no bitcoin tied up as collateral.

Strive's latest acquisition coincides with Strategy, the largest corporate bitcoin holder, resuming its purchases last week.

The software firm had halted bitcoin purchases for 10 weeks but disclosed that it acquired 4,603 bitcoins for $369.7 million from August 24 to August 30.