Strive signals new Bitcoin buy as ASST shares hit yearly high

Strive has signaled a potential new Bitcoin purchase after CEO Matt Cole posted the company's portfolio tracker on X on September 7, 2026. This follows Strive's late-August acquisition of 1,800 Bitcoin for $143 million, raising its total holdings to 23,156 Bitcoin and ranking it as the fifth-largest corporate holder. Supported by daily-dividend SATA preferred shares and surging ASST common stock, which hit a yearly high above $27, Strive aims to acquire 20,000 more Bitcoin to become the second-largest corporate holder by the end of 2026.

Strive Bitcoin acquisition signals

• ▪Strive purchased 1,800 Bitcoin between August 24 and August 28, 2026, for approximately $143 million, at an average price of $79,431 per coin.
• ▪Strive CEO Matt Cole posted the company's Bitcoin portfolio tracker on X with the message "Wall-breaking season at Strive" on September 7, 2026, signaling a potential Bitcoin purchase.
• ▪Strive acquired 1,110 Bitcoin for $81.5 million at an average price of $73,409 per coin one week prior to its late-August 2026 purchase.

ASST stock performance

• ▪Strive's Class A share count increased by 3.58 million to 83.47 million during the week of its late-August 2026 Bitcoin purchase.
• ▪Strive's ASST stock outperformed other major Bitcoin treasury companies in the month leading to September 7, 2026, while Strategy shares gained 45% and Metaplanet advanced 22%.
• ▪Strive's Nasdaq-listed ASST common stock climbed above $27 to a yearly high on September 7, 2026, gaining over 78% in 2026 and nearly 120% in the preceding month.

Strive Bitcoin treasury strategy

• ▪Strive reported a second-quarter 2026 GAAP net loss of $257.6 million, including $234 million linked to lower fair values of its Bitcoin and Strategy STRC positions.
• ▪Strive CEO Matt Cole stated that Strive could acquire more than 20,000 additional Bitcoin to finish 2026 as the second-largest corporate Bitcoin holder.
• ▪As of August 7, 2026, Strive held $154.9 million in cash, about $48 million of STRC preferred shares, and carried no short- or long-term debt.

SATA preferred share financing

• ▪Strive increased its available at-the-market program capacity in June 2026 to as much as $2.6 billion for SATA preferred shares and $2.55 billion for ASST common shares.
• ▪Strive's SATA preferred shares outstanding rose by 803,099 to 9.07 million during the late-August 2026 reporting period, representing an implied aggregate liquidation value of about $907.4 million.
• ▪BitcoinTreasuries.net estimated in late August 2026 that SATA preferred share trading generated potential funding capacity for Strive to purchase approximately 1,192 Bitcoin in one week.

Corporate Bitcoin holder rankings

• ▪BitcoinTreasuries.net ranked Strive as the fifth-largest publicly traded corporate Bitcoin holder, behind Strategy, Twenty One Capital, Metaplanet, and MARA Holdings, but ahead of Bullish.
• ▪Following its late-August 2026 purchase, Strive held 23,156 Bitcoin, valued at approximately $1.77 billion at a Bitcoin price of roughly $76,400.

1 source