Strive Increases Bitcoin Reserves
Strive Expands Bitcoin Holdings to 21,356 BTC with Latest $81.5 Million Purchase
Key Points
STRC's fair value sits at about $48.6 million (roughly $48.57 million) based on the 505,000 STRC shares Strive holds, highlighting the sizeable non-BTC exposure within its treasury alongside 21,356 BTC.
Strive disclosed a dilutive equity component: 441,313 shares of Variable Rate Series A Perpetual Preferred Stock (SATA) outstanding, alongside a rise in Class A common shares outstanding by 3,646,300 to 79,890,888 and fully diluted shares to 92,949,226 as of Aug. 21, 2026.
The bitcoin purchase occurred over Aug. 17–21, 2026, adding 1,110 BTC at an average price of about $73,409 per coin and lifting total holdings to 21,356 BTC.
Strive’s CEO Matt Cole indicated on X that the 1,110 BTC were bought for about $81.5 million, providing a concrete total spend figure for the latest purchases.
Analyst and market commentary suggest a mixed view: a Buy rating with a $28 target (as of the latest coverage) and a neutral stance from Spark AI, reflecting ongoing valuation and dilution considerations despite larger crypto exposure.
Strive, a public company that holds bitcoin as its main treasury asset, bought 1,110 more bitcoins last week for $81.5 million. This brings its total bitcoin holdings to 21,356 BTC, according to CoinGape. The company also holds 505,000 shares of a bitcoin strategy fund and keeps about $171.9 million in cash, signaling it plans to keep buying more bitcoin.
Strive's move reflects a bigger trend: major public companies now treat bitcoin like a core treasury asset, similar to how they once held cash or bonds. 247WallSt reports that Strive's stock jumped 5% after CEO Matt Cole declared the bitcoin bear market over. The company remains behind larger bitcoin holders like MicroStrategy but continues rapid accumulation.
Bitcoin Purchase Marks Week of Steady Accumulation
Between August 17 and August 21, 2026, Strive purchased 1,110 bitcoins at an average price of $73,409 per coin, according to Coin Law. The total spend came to $81.5 million. CEO Matt Cole confirmed the purchase on social media, emphasizing the company's continued commitment to growing its bitcoin position through steady capital deployment.
The purchase was funded partly through new equity issuance. TipRanks notes that Strive issued 3,646,300 new Class A common shares, bringing total Class A shares outstanding to 79,890,888. The company also carries 441,313 shares of preferred stock, creating some dilution for existing shareholders but signaling the company has firepower for future bitcoin buys.
Bitcoin Reserves Now Worth Billions at Current Prices
With 21,356 bitcoins in reserve, Strive's bitcoin holdings represent a massive bet on the asset's future value. At the August purchase price of around $73,409 per coin, those reserves were worth roughly $1.57 billion. Moomoo reported the total holdings following the purchase, highlighting Strive's position among the largest corporate bitcoin holders in the world.
Beyond bitcoin, Strive holds $48.6 million worth of Strategy preferred stock and maintains $171.9 million in cash reserves. This mix gives the company both upside exposure to bitcoin and some downside protection. The cash position especially signals management confidence in finding more bitcoin purchase opportunities ahead, keeping capital ready for market opportunities.
Corporate Bitcoin Adoption Continues Despite Market Uncertainty
Strive's aggressive accumulation strategy fits a broader pattern among public companies seeking bitcoin exposure. 247WallSt reports that Strategy remains the largest corporate bitcoin holder, with MicroStrategy (MARA) close behind. Strive ranks among the top holders but still trails these leaders, suggesting more room for consolidation across corporate treasuries.
Analyst ratings show mixed views on the strategy. TipRanks reports a Buy rating with a $28 target price, while other analysts take a more neutral stance due to dilution concerns. Despite shareholder dilution from new share issuance, the market appears to view bitcoin treasury strategies positively, with Strive's stock rising on the news of expanded holdings.
Sentiment
Mostly PositivePublishers
12
Articles
5
Reach
17
