Strive expanded its Bitcoin position by purchasing 1,110 BTC for approximately $81.5 million between August 17 and August 21, according to an SEC filing. The company paid an average of $73,409 per coin, including fees and expenses, bringing the total Strive Bitcoin treasury to 21,356 BTC, up from 20,246 BTC the previous week.
Coingecko data indicated that Bitcoin traded near $79,400 after approaching $80,000, placing the newly acquired coins above their purchase cost and valuing the entire treasury near $1.70 billion. Concurrently, Strive's cash and equivalents increased from $154.8 million on August 14 to $171.9 million on August 21, suggesting that capital raising outpaced spending during the reporting period.
To fund its activities, Strive's Class A shares outstanding rose by 3,646,300 to 79,890,888 during the week, while SATA preferred shares increased by 441,313 to 8,270,815. Assumed fully diluted shares reached 92,949,226. These figures highlight that shareholder outcomes depend on whether management can add corporate Bitcoin holdings faster than equity issuance expands the ownership base.
In addition to its Bitcoin holdings, Strive held 505,000 shares of Strategy’s STRC preferred stock, with fair value increasing by $707,000 to $48.57 million. The company reports managing nearly $3 billion across exchange-traded funds and direct indexing, utilizing fee income to support its broader financing model.
On the technical front, analyst Ali Martinez noted that Bitcoin reclaimed its 1,130-day simple moving average after moving above $74,000 on August 20, having previously traded below that average for 80 days. While historical recoveries of this indicator have preceded significant market developments, sustained spot demand and continued closes above the level remain necessary for validation.
