Strive Becomes Fifth-Largest Bitcoin Treasury, Stock Jumps on Latest Buy

Bitcoin Magazine

Strive Becomes Fifth-Largest Bitcoin Treasury, Stock Jumps on Latest Buy

Strive’s stock soared on Monday after the company announced a $143 million bitcoin buy, making it the fifth biggest publicly traded crypto treasury. 

The Nasdaq-listed company announced its latest buy of 1,800 bitcoins between August 24 and August 28. It snapped up the coins for an average price of $79,431, according to a filing with the Securities and Exchange Commission.

The Dallas, Texas-based company now holds 23,156 coins worth $1.8 billion at today’s prices. Its stock (NASDAQ: ASST) was trading 9% higher at about 12.30pm in New York. Year-to-date, Strive’s stock has risen by nearly 40%. 

JUST IN: Public company Strive bought 1,800 BTC for $143 million pic.twitter.com/xEkWx3ZNZp

Strive’s year-to-date Bitcoin yield, a metric that compares growth in bitcoin holdings relative to share count, reached 40.8% as of its Aug. 28 filing, up from less than 37% in early June.

Strive now is the fifth biggest bitcoin treasury, behind only Strategy, Twenty One, Metaplanet, and MARA. 

Founded by former Ohio gubernatorial candidate Vivek Ramaswamy in 2025, after raising $750 million to buy Bitcoin, Strive debuted as an official bitcoin treasury. 

In January 2026, it completed the acquisition of Semler Scientific in an all-stock deal — the first instance of a publicly traded Bitcoin treasury company acquiring another such company. 

The idea is that investors can get amplified returns from Strive’s stock. The company buys bitcoin with equity, and maintains a debt-free balance sheet: no bonds, no credit lines, and no leveraged positions that could trigger forced liquidation in a downturn. 

Strive CEO Matt Cole has described the company as debt-free with zero margin requirements and zero encumbered bitcoin.

Strive’s latest purchase comes as Strategy, the biggest corporate holder of bitcoin, restarted its buying last week. 

The software company had paused buying bitcoin for 10 weeks but announced it had bought 4,603 bitcoins for $369.7 million between August 24 to August 30.

This post Strive Becomes Fifth-Largest Bitcoin Treasury, Stock Jumps on Latest Buy first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.