Bitcoin · U.S. Treasury · New York · Strategy · Bitcoin Magazine
Strive Becomes Fifth-Largest Bitcoin Treasury, Stock Climbs on Latest Buy
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The company last week spent $143 million on bitcoin last week, bringing its holdings to 23,156.
Key facts
- The Nasdaq-listed company announced its latest buy of 1,800 bitcoins between August 24 and August 28
- The Dallas, Texas-based company now holds 23,156 coins worth $1.8 billion at today’s prices
- Its stock (NASDAQ: ASST) was trading 9% higher at about 12.30pm in New York
- Founded by former Ohio gubernatorial candidate Vivek Ramaswamy in 2025, after raising $750 million to buy Bitcoin, Strive debuted as an official bitcoin treasury
Summary
Strive’s stock soared on Monday after the company announced a $143 million bitcoin buy, making it the fifth biggest publicly traded crypto treasury. The Nasdaq-listed company announced its latest buy of 1,800 bitcoins between August 24 and August 28. The Dallas, Texas-based company now holds 23,156 coins worth $1.8 billion at today’s prices. Strive’s year-to-date Bitcoin yield, a metric that compares growth in bitcoin holdings relative to share count, reached 40.8% as of its Aug. 28 filing, up from less than 37% in early June.