Strive adds $143 million in Bitcoin, becomes fifth-largest public treasury

Aug 31, 2026

Strive acquired 1,800 Bitcoin for $143 million between August 24 and August 28, 2026, bringing its total holdings to 23,156 Bitcoin worth approximately $1.8 billion. This purchase elevated Strive past Bullish to become the fifth-largest publicly traded corporate Bitcoin holder. The acquisition coincided with a broader market recovery, including MicroStrategy resuming its purchases with a $369.7 million buy. Wall Street responded positively, with TD Cowen raising Strive's stock price target to $32.

Strive $143 million Bitcoin purchase

▪Strive's year-to-date Bitcoin yield, measuring growth in Bitcoin holdings relative to share count, reached 40.8% as of August 28, 2026
▪Strive purchased 1,800 Bitcoin for approximately $143 million between August 24 and August 28, 2026, at an average price of $79,431 per coin
▪Strive issued 3,579,147 new Class A shares during the week of August 24, 2026, while its cash reserves rose by $11.6 million to $183.5 million
▪The purchase of 1,800 Bitcoin increased Strive's total holdings to 23,156 Bitcoin, valued at approximately $1.8 billion

Corporate Bitcoin treasury buying resumption

▪MicroStrategy resumed its Bitcoin purchases by acquiring 4,603 Bitcoin for approximately $369.7 million between August 24 and August 30, 2026, ending a 10-week pause
▪MicroStrategy sold 6,916 Bitcoin for approximately $430 million between June 30 and August 10, 2026, to enhance its liquidity position before resuming purchases
▪BitMine purchased 53,501 Ether, marking its 65th consecutive week of buying since June 2025, and staked 86% of its holdings through its validator network MAVAN

Bitcoin ETF inflows surge

▪Crypto funds attracted $3.2 billion in weekly inflows during the last week of August 2026, marking their largest weekly intake since October 2025
▪US spot Ether funds recorded approximately $1.75 billion in inflows in August 2026 following two months of withdrawals
▪US spot Bitcoin funds absorbed more than $3.3 billion in inflows during August 2026, reversing a $4.5 billion outflow in June 2026

Bitcoin price recovery August

▪Bitcoin surpassed $80,000 on August 25, 2026, for the first time since mid-May, supported by a softer US dollar and rising currency debasement fears
▪Bitcoin's price rallied more than 23% in August 2026, trading near $78,818 on August 31, 2026, and hitting a high above $81,000
▪The US Treasury Department's August 19, 2026 announcement to double long-term bond buybacks to at least $4 billion per operation helped lower yields and fuel a risk-asset rebound

Bitcoin treasury company rankings

▪MicroStrategy holds more than 66% of the total Bitcoin held by all public companies, with total holdings of 845,050 Bitcoin
▪Strive's purchase of 1,800 Bitcoin elevated it past the crypto exchange Bullish to become the fifth-largest publicly traded corporate holder of Bitcoin
▪Publicly traded corporate Bitcoin holdings are highly concentrated, with the top five listed companies holding approximately 78.4% of the 1.264 million Bitcoin held across 198 public companies

Strive stock analyst upgrades

▪Strive's stock (ASST) traded up 6% to 9% on August 31, 2026, to around $23, representing a nearly 165% increase over the preceding six months
▪TD Cowen projected that Strive will purchase approximately 4,300 Bitcoin in the third quarter of 2026, up from its previous forecast of 1,500 Bitcoin
▪TD Cowen raised its price target for Strive's stock (ASST) from $28 to $32 while maintaining a "Buy" rating on August 31, 2026