Strive becomes fifth-largest corporate Bitcoin holder after 1,800 BTC purchase

Strive has become the fifth-largest publicly traded corporate holder of Bitcoin after acquiring 1,800 BTC for approximately $143 million, pushing its total holdings to 23,156 BTC. The purchase, announced by CEO Matt Cole on August 31, 2026, allows the Dallas-based asset manager to surpass Bullish, which holds 22,000 BTC.

The acquisition was funded through at-the-market sales of Strive's common stock (ASST) and its preferred shares (SATA). The company's cash position rose to $171.9 million following a $17.1 million gain from these sales during the week of August 17 to 21. This latest purchase follows an $81.5 million acquisition of 1,110 BTC the previous week, demonstrating an accelerated buying pace.

Strive's rise up the corporate Bitcoin leaderboard comes despite a challenging financial quarter. The company reported a net loss of $257.6 million for the quarter ended June 30, a figure disclosed on August 10. According to an SEC filing, approximately 94% of that loss was attributed to the declining fair market value of its Bitcoin holdings and its stake in Strategy's preferred shares, not to operational performance. In fact, the medical device sales business Strive acquired...