Strive Acquires 1,800 BTC for $143M, Becomes Fifth Largest Holder

Strive, a publicly traded asset manager and Bitcoin treasury company, added 1,800 Bitcoin to its balance sheet last week, accelerating a buy program that has helped it rank among the world’s largest publicly traded corporate holders of the asset.

The company bought the BTC between Aug. 24 and Aug. 28 for roughly $143 million, paying an average price of $79,431 per coin (including fees and expenses). CEO Matt Cole confirmed the acquisition on Monday via X: https://x.com/ColeMacro/status/2094396002308440227.

Key takeaways

• Strive purchased about 1,800 BTC over Aug. 24–Aug. 28 for approximately $143 million at an average of $79,431 per BTC.
• Total holdings rose to 23,156 BTC from 21,356 BTC a week earlier, showing faster accumulation across a short window.
• The latest inflow increased Strive’s BTC exposure by roughly 8.4% in five business days, according to Adam Livingston.
• With the new buys, Strive moved ahead of Bullish to become the fifth-largest publicly traded corporate Bitcoin holder, based on industry data from BitcoinTreasuries.net.
• Strive’s purchases align with a broader market rebound that followed a U.S. Treasury announcement on bond buybacks.

Strive’s accelerated accumulation lifts it into the top tier

Strive’s latest acquisition expands its Bitcoin strategy beyond a slow, incremental approach. The purchases increased its total holdings to 23,156 BTC, up from 21,356 BTC reported a week earlier. Earlier reporting from Cointelegraph noted that Strive had added 1,110 BTC the previous week for about $81.5 million at an average of $73,409 per coin (Cointelegraph).

Adam Livingston, an adviser to Saturn Credit, highlighted the pace of change after the most recent buys. In his post, he said the latest purchase increased Strive’s holdings by approximately 8.4% within just five business days (https://x.com/AdamBLiv/status/2094404735474295249).

For investors tracking corporate treasuries, the key point isn’t only the size of the purchase, but how quickly it is happening relative to recent baselines. Rapid accumulation can also signal that a company sees improved risk conditions, more favorable liquidity, or a strategy shift from opportunistic buying toward consistent treasury scaling.

Surpassing Bullish for fifth-largest publicly traded holder

The updated Strive balance also changes the standings among listed Bitcoin treasuries. According to industry data compiled at BitcoinTreasuries.net, Strive’s latest buys pushed it past Bullish—an exchange and digital asset infrastructure firm—making it the fifth-largest publicly traded corporate holder of Bitcoin.

This matters because position in these rankings is closely watched by market participants: it can affect perceived credibility of treasury strategies, influence how investors interpret management discipline around Bitcoin exposure, and contribute to the narrative of institutionalization across the sector.

Corporate buying follows a market rebound

Strive’s purchases come as Bitcoin and risk assets rebounded broadly after Aug. 19, when the U.S. Treasury Department announced plans to double the size of certain long-term bond buybacks. The move helped reduce Treasury yields and supported a return of risk appetite, with Bitcoin rallying more than 23% to a recent high above $81,000, as noted in Cointelegraph’s market coverage (Cointelegraph markets).

While treasury purchases do not need a specific catalyst, correlations between macro conditions and corporate activity are frequently discussed in crypto markets. When yields fall and liquidity improves, companies that treat Bitcoin as a treasury asset may find it easier to justify additional exposure—particularly if market volatility cools.

Strategy’s renewed buying underscores the broader trend

Strive is not alone. Michael Saylor’s Strategy—described as the largest corporate Bitcoin holder—announced Monday that it resumed buying BTC for the first time since June. Cointelegraph reported that Strategy acquired 4,603 Bitcoin at an average price of $80,318, per its announcement (Cointelegraph).

That purchase lifted Strategy’s holdings back above 845,000 BTC after four Bitcoin sales since May, reversing a temporary reduction in exposure. Together with Strive’s accelerated accumulation, the renewed buying from a major benchmark treasury adds weight to a theme seen across the corporate segment: listed companies appear willing to increase Bitcoin exposure when market conditions are supportive.

At the same time, the Strategy example also highlights an important tension. Corporate treasuries can be both active buyers and occasional sellers, meaning investors should pay attention not just to net accumulation, but also to the operational or capital-planning drivers behind any reductions.

For the near term, traders and long-term holders will likely watch whether Strive sustains this faster pace of buying over the next several weekly reporting windows, and whether other large corporate treasuries continue to add after recent rebounds—especially as macro conditions that helped fuel the move in yields remain in focus.