Published · yesterdayInvest2 min read
Strive's $81.5M Bitcoin buy grew the pile 5.5% and each share by 1.4%
The asset manager paid for the coins with fresh common and preferred stock. Back out the two disclosed percentages and the fully diluted share count grew about 4% in a single week.
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What happened
- Strive bought 1,110 Bitcoin for $81.5 million at an average $73,409 including fees, per an August 24 SEC filing, taking holdings from 20,246 to 21,356 coins.
- The purchase was funded by issuing more common and preferred shares to support the treasury strategy.
- Holdings rose 5.5% between August 17 and August 21, while Bitcoin per fully diluted share rose about 1.4%.
Compiled by The InvestorSomething wrong?How this is made
Why it matters
- constraintStrive's pledge not to sell SATA below $100 ties the pace of Bitcoin accumulation to the preferred holding par, so a two-dollar slip in one security shuts a funding line.
- costThe preferred's 13% coupon is a cash obligation serviced by an asset that produces no cash, and on the founding tranche alone that is roughly $26 million a year owed by common holders.
- precedentStrategy's silent week with STRC below target shows what the mechanism looks like when it stalls, which is the outcome Strive's shareholders are underwriting.
Claim ledger
Ranked by verification strength, evidence, and original report placement.
- [1]
Strive acquired an additional 1,110 BTC for $81.5 million at an average cost of $73,409 per Bitcoin, bringing total holdings to 21,356 BTC, per an August 24, 2026 post by Matt Cole cited by Decrypt; Cointelegraph reported the same $81.5 million figure.
ReportedView cited source - [2]
Strive paid an average of $73,409 per Bitcoin including fees and expenses according to an August 24 filing with the Securities and Exchange Commission, and the purchases lifted holdings from 20,246 BTC to 21,356 BTC.
ReportedView cited source - [3]
Strive bought 1,110 Bitcoin last week while issuing more common and preferred shares to fund its treasury strategy.
ReportedView cited source - [4]
Strive's Bitcoin holdings increased 5.5% between August 17 and August 21, but the new shares meant Bitcoin per fully diluted share rose by only about 1.4%.
ReportedView cited source - [5]
Decrypt described the 1,110 Bitcoin Strive bought as worth around $87.5 million.
ReportedView cited source
Sources & coverage · 4 publishers
The reporting this story was synthesized from, earliest first. Every link goes to the original.
- cointelegraph.comCointelegraph by Nate KostaryesterdayStrive buys 1,110 Bitcoin for $81.5M, holdings top 21K BTC; ASST shares surge 11%
- decrypt.coJason NelsonyesterdayStrive Buys $81.5 Million in Bitcoin After Issuing More Shares
- cryptopolitan.com
