Bitcoin treasury firm Strive acquired 1,110 Bitcoin for approximately $81.5 million last week, increasing its total treasury holdings to 21,356 coins. The latest acquisition reduced Strive's average cost per coin from $94,345 to $93,257. Despite the new purchase, the company's Bitcoin reserve carries a paper loss exceeding $292 million.
According to an 8-K filing submitted to the Securities and Exchange Commission (SEC) on August 24, the coins were acquired between August 17 and 21 at an average price of $73,409 per coin, inclusive of fees and expenses. This marks Strive's largest purchase since June 1, when the firm added 2,499 Bitcoin. Earlier in August, the company made two smaller acquisitions, adding 147 coins in the first week and 79 in the second for a combined cost of $14.5 million.
Since September 2025, Strive has spent a total of $1.99 billion across 29 separate purchases and has never sold any of its holdings. With Bitcoin trading at $79,787 at press time, the reserve is valued at approximately $1.70 billion, which is 14.66% below its total cost. The firm requires a 17% price increase to reach its $93,257 break-even price.
CEO Matt Cole expressed strong confidence despite the underwater position, pointing to Bitcoin breakouts against both the US dollar and gold as indicators that the downturn has concluded. Meanwhile, Strive's approach contrasted with Strategy, which raised $3.28 billion by selling stock in August without making any Bitcoin purchases, and which has sold 6,916 coins since June 22.
