Key Highlights
- Strive acquired 1,110 Bitcoin for $81.5 million during the period from August 17 to August 21, at an average cost of $73,409 per coin
- The company’s total Bitcoin reserves now reach 21,356 BTC, securing its position as the seventh-largest publicly-traded corporate Bitcoin holder
- ASST shares surged over 11% during Monday’s session, building on approximately 36% gains achieved year-to-date
- Bitcoin prices hovered around the $79,000-$80,000 level on Monday, representing roughly 8% above Strive’s average acquisition cost
- Company CEO Matt Cole expressed “very strong” confidence that the Bitcoin downtrend has concluded
Between August 17 and August 21, Strive completed the acquisition of 1,110 Bitcoin for a total investment of approximately $81.5 million, as disclosed in an 8-K regulatory filing submitted to the Securities and Exchange Commission.
The acquisition cost averaged $73,409 per Bitcoin when factoring in associated fees and transaction expenses. This strategic purchase elevated the company’s aggregate holdings to 21,356 BTC, representing approximately a 5.5% increase from the 20,246 BTC held in mid-August.
During Monday morning’s trading session, ASST stock registered gains exceeding 11%. The equity has accumulated approximately 36% in returns since the beginning of the year.
Bitcoin was changing hands near the $80,000 mark on Monday, approximately 8% higher than the average price point Strive paid during its most recent acquisition.
According to data from BitcoinTreasuries.NET, this purchase positions Strive in seventh place among publicly-listed corporations ranked by Bitcoin treasury holdings. The company now ranks behind Bullish while maintaining a lead over SpaceX.
Strategy commands the top position with 840,447 BTC under management. Following them are Twenty One Capital with 43,514 BTC, Metaplanet holding 43,000 BTC, MARA with 35,577 BTC, and Bitcoin Standard Treasury Company possessing 30,021 BTC.
Chief Executive Expresses Bullish Outlook on Bitcoin
On Sunday, CEO Matt Cole communicated that he maintains “very strong” confidence that the Bitcoin bear cycle has reached its conclusion. He referenced Bitcoin’s recent breakthrough performance against both the U.S. dollar and gold as evidence supporting his thesis.
Cole highlighted that Bitcoin established its bottom against gold in February, approximately five months prior to establishing a dollar-denominated bottom in July. He characterized the BTC/gold ratio as a valuable indicator and anticipates that investor demand for scarce assets will continue benefiting Bitcoin.
“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,” Cole posted on X ahead of Monday’s open.
Bitcoin climbed nearly 25% throughout the previous week, settling Friday’s session at $77,387 after accumulating $14,264 in gains, according to The Block’s BTC price page.
SATA Preferred Stock Recovers to Desired Price Band
The company also oversees a preferred stock instrument designated as SATA. It concluded Friday’s trading at $100.01, re-entering the company’s desired trading corridor of $99 to $101 after declining to a low of $83.30 during late June.
In April, Strive elevated the annualized dividend rate for SATA to 13% and transitioned to daily dividend distributions beginning June 16. The SATA instrument was introduced in November 2025 at $80 per share, generating $160 million in gross capital.
SATA functions comparably to Strategy’s STRC preferred stock offering. STRC was trading in the vicinity of $97 on Monday, beneath Strategy’s $100 objective.
Strategy disclosed no Bitcoin purchases during the week concluded August 23. The company divested 18.26 million MSTR shares for approximately $2 billion between August 17 and August 23, allocating $300 million to expand its USD Reserve to $5.1 billion.
Strive’s cash and cash equivalent holdings expanded to $171.9 million from $154.8 million as of August 14. The fair market value of its 505,000 Strategy STRC preferred shares climbed to $48.6 million from $47.9 million.
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