Written by Nate Kostarstaff writerReviewed by Robert Lakinstaff editor

Written by Nate Kostarstaff writer

Reviewed by Robert Lakinstaff editor

Strive buys 1,110 Bitcoin for $81.5M, holdings top 21K BTC; ASST shares surge 11%

Latest NewsPublishedAug 24, 2026

Strive’s Nasdaq-traded shares surged more than 11% as the Bitcoin treasury company stated it paid an average of $73,409 per BTC, pushing its holdings to 21,356 Bitcoin.

Strive purchased 1,110 Bitcoin for about $81.5 million last week, bringing its total holdings to 21,356 BTC. as reported by a Monday filing with the US Securities and Exchange Commission, the company paid an average of $73,409 per Bitcoin (BTC), including fees and expenses, for purchases made between Aug. 17 and Aug. 21.

Strive’s cash and cash equivalents rose by $17.1 million to $171.9 million over the period, while its Class A shares outstanding increased by 3.65 million to 79.89 million. Bitcoin was trading near $79,000 on Monday, about 8% above the average price Strive paid for its latest purchase.

The purchase lifted Strive to the seventh-largest publicly traded corporate BTC holder, behind Bullish and ahead of SpaceX, as reported by BitcoinTreasuries.NET data. Its Nasdaq-traded ASST shares were up more than 11% in Monday morning trading, poised to extend their roughly 36% year-to-date gains, as reported by Yahoo Finance data.

“The upside is not simply Bitcoin going higher. It is Bitcoin becoming the fastest horse inside an expanding scarcity trade while $ASST is structured to amplify that outcome as much as we can responsibly support,” CEO Matt Cole stated in a post on X ahead of Monday’s market open.

Strive operates a Bitcoin treasury strategy alongside an asset management business that manages nearly $3 billion across exchange-traded funds and a direct-indexing platform, as reported by the company.

It also held 505,000 shares of Strategy’s STRC preferred stock valued at $48.6 million as of Aug. 21.

Related: Bitmine extends 14-month ETH buying pace as Ether breaks above $2.5K

Strive’s SATA returns to $100 par

SATA closed at $100.01 on Friday, returning to management’s targeted $99-to-$101 trading range after falling as low as $83.30 in late June. Strive narrowed the range from $95-$105 to $99-$101 in March and stated it would not issue SATA through at-the-market or follow-on offerings below $100.

Strive introduced SATA in November 2025, initially selling 2 million shares at $80 each for $160 million in gross proceeds. The variable-rate perpetual preferred stock has a stated amount and initial liquidation preference of $100 per share.

Top 10 publicly traded companies by Bitcoin holdings. Source: BitcoinTreasuries.NET

Unlike Strive’s common stock, SATA is designed as an income product, with a variable dividend rate intended to help keep the shares trading near $100. Strive raised the annualized dividend rate to 13% in April and switched from monthly to daily dividend payments beginning June 16.

SATA is similar to STRC, the variable-rate perpetual preferred stock issued by Strategy, the world’s largest corporate Bitcoin holder. STRC was trading near $97 on Monday, below Strategy’s $100 target, while Strategy reported no Bitcoin purchases for the week ended Aug. 23.

Magazine: Bitget CEO isn’t buying the Bitcoin rally — She’s waiting for $50K

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

• Bitcoin Price
• MicroStrategy
• Michael Saylor
• Industry

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