Strive Buys $81.5 Million in Bitcoin After Issuing More Shares

• BTC-USD
• ASST

Public asset manager Strive bought 1,110 <a href="https://xpertsstudio.com/six-figure-bitcoin-price-in-sight-as-btc-call-options-go-berserk/” title=”Six-Figure Bitcoin Price in Sight as BTC Call Options Go Berserk”>Bitcoin, worth around $87.5 million, last week while issuing more common and preferred shares to fund its treasury strategy.

Co-founded in 2022 by Vivek Ramaswamy, Strive’s Bitcoin holdings increased 5.5% between August 17 and August 21. But the new shares meant its Bitcoin per fully diluted share—a measure of how much Bitcoin corresponds to each share—rose by only about 1.4%.

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. The purchases lifted its holdings from 20,246 BTC to 21,356 BTC, worth around $1.7 billion.

Strive raised capital through at-the-market offerings, which let companies sell newly issued shares at current market prices.

Strive acquired an additional 1,110 $BTC for $81.5M at an average cost of $73,409 per bitcoin, bringing total holdings to ₿21,356.$ASST $SATA pic.twitter.com/bPcbHzl3dH

— Matt Cole (@ColeMacro) August 24, 2026

Its Class A share count increased by 3,646,300, or 4.8%, to 79,890,888. The company also issued 441,313 shares of SATA, its perpetual preferred stock, increasing the total by 5.6% to 8,270,815.

SATA traded near or above its $100 face value during the period, allowing Strive to issue the preferred shares without pricing them below that threshold.

Strive ended August 21 with $171.9 million in cash and cash equivalents, up from $154.8 million one week earlier, even after completing the Bitcoin purchases.

The news comes as other major corporate Bitcoin holders continue to build their treasuries. Japan’s Metaplanet holds 43,000 BTC after adding 2,823 BTC during the second quarter, while Strategy holds 840,447 BTC.

Source: finance.yahoo.com