Key Takeaways
Strive became the fifth-largest publicly traded bitcoin treasury after purchasing 1,800 bitcoins, causing its stock to surge.
According to Bitcoin Magazine, Strive has become the fifth-largest publicly traded crypto treasury following a $143 million bitcoin purchase. Between August 24 and August 28, the Nasdaq-listed company acquired 1,800 bitcoins at an average price of $79,431, per a Securities and Exchange Commission filing. This brought its total holdings to 23,156 coins, valued at $1.8 billion. Following the announcement, Strive's stock (NASDAQ: ASST) rose 9% in New York trading, pushing its year-to-date gain to nearly 40%. The company's year-on-year Bitcoin yield reached 40.8% as of August 28.
Founded in 2025 by Vivek Ramaswamy, Strive maintains a debt-free balance sheet with zero margin requirements or leveraged positions. CEO Matt Cole noted the firm's unencumbered bitcoin holdings. Strive now ranks behind Strategy, Twenty One, Metaplanet, and MARA among corporate treasuries. Meanwhile, Strategy announced it resumed buying, purchasing 4,603 bitcoins for $369.7 million between August 24 and August 30 after a 10-week pause.
Source & Fact-Check Note
This report is synthesized from coverage by Bitcoin Magazine. Information has been fact-checked and structured for market clarity by CoinQuickly’s research desk.
Read original article at Bitcoin Magazine ↗
