{"id":54525,"date":"2026-08-31T12:22:58","date_gmt":"2026-08-31T17:22:58","guid":{"rendered":"https:\/\/bitcoinmagazine.com\/?p=54525"},"modified":"2026-08-31T12:23:19","modified_gmt":"2026-08-31T17:23:19","slug":"strive-becomes-fifth-biggest-treasury","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/news\/strive-becomes-fifth-biggest-treasury","title":{"rendered":"Strive Becomes Fifth-Largest Bitcoin Treasury, Stock Jumps on Latest Buy"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\n<p class=\"wp-block-paragraph\">Strive&#8217;s stock soared on Monday after the company announced a $143 million bitcoin buy, making it the fifth biggest publicly traded crypto treasury.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Nasdaq-listed company <a href=\"https:\/\/www.sec.gov\/ix?doc=\/Archives\/edgar\/data\/0001920406\/000162828026059468\/asst-20260831.htm\" target=\"_blank\" rel=\"noopener\">announced<\/a> 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.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Dallas, Texas-based company now holds 23,156 coins worth $1.8 billion at today&#8217;s prices. Its stock (NASDAQ: ASST) was trading 9% higher at about 12.30pm in New York. Year-to-date, Strive&#8217;s stock has risen by nearly 40%.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">JUST IN: \ud83c\uddfa\ud83c\uddf8 Public company Strive bought 1,800 BTC for $143 million \ud83d\ude80 <a href=\"https:\/\/t.co\/xEkWx3ZNZp\">pic.twitter.com\/xEkWx3ZNZp<\/a><\/p>&mdash; Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/x.com\/BitcoinMagazine\/status\/2094433994054021319?ref_src=twsrc%5Etfw\">August 31, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Strive&#8217;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.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Strive now is the fifth biggest bitcoin treasury, behind only Strategy, Twenty One, Metaplanet, and MARA.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Founded by former Ohio gubernatorial candidate Vivek Ramaswamy in 2025, after raising $750 million to buy Bitcoin, Strive debuted as an official bitcoin treasury.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In January 2026, it completed the <a href=\"https:\/\/bitcoinmagazine.com\/news\/strive-recieves-yes-on-semler-acquisition\">acquisition of Semler Scientific<\/a> in an all-stock deal \u2014 the first instance of a publicly traded Bitcoin treasury company acquiring another such company.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The idea is that investors can get amplified returns from Strive&#8217;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.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Strive CEO Matt Cole has described the company as debt-free with zero margin requirements and zero encumbered bitcoin.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Strive&#8217;s latest purchase comes as Strategy, the biggest corporate holder of bitcoin, restarted its buying last week.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">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. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company last week spent $143 million on bitcoin last week, bringing its holdings to 23,156. <\/p>\n","protected":false},"author":3860,"featured_media":53142,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4378],"tags":[6397,76,5437,6094],"class_list":["post-54525","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","tag-asst","tag-bitcoin","tag-bitcoin-treasury","tag-strive"],"author_data":{"id":3860,"name":"Mathew Di Salvo","nicename":"mathewdisalvo","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2026\/07\/cropped-Mathew-Di-Salvo-scaled-1.jpeg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2026\/07\/Strive-ASST-Adds-17.76-Bitcoin-as-Falling-Prices-Boost-Its-Quarterly-Yield.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/54525","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/3860"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=54525"}],"version-history":[{"count":1,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/54525\/revisions"}],"predecessor-version":[{"id":54526,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/54525\/revisions\/54526"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/53142"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=54525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=54525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=54525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}