Strive’s stock experienced a significant increase on Monday following the announcement of a $143 million bitcoin acquisition, positioning it as the fifth largest publicly traded crypto treasury. The Nasdaq-listed company announced its latest acquisition of 1,800 bitcoins between August 24 and August 28. It acquired the coins at an average price of $79,431, as indicated in a filing with the Securities and Exchange Commission. The company based in Dallas, Texas, currently possesses 23,156 coins valued at $1.8 billion based on today’s prices. Its stock was trading 9% higher at about 12.30pm in New York.
Year-to-date, Strive’s stock has experienced an increase of nearly 40%. Strive’s year-to-date Bitcoin yield, a metric that assesses the growth in bitcoin holdings in relation to share count, stood at 40.8% as of its Aug. 28 filing, an increase from below 37% in early June. Strive now ranks as the fifth largest holder of bitcoin treasury, trailing only behind Strategy, Twenty One, Metaplanet, and MARA. Established in 2025 by Vivek Ramaswamy, a former candidate for governor of Ohio, Strive emerged as an official bitcoin treasury following the successful raising of $750 million for the acquisition of Bitcoin.
In January 2026, it finalised the acquisition of Semler Scientific in an all-stock transaction – marking the inaugural case of a publicly traded Bitcoin treasury firm acquiring another similar entity. The notion posits that investors may achieve enhanced returns from Strive’s stock. The company acquires bitcoin using equity and upholds a debt-free balance sheet: devoid of bonds, credit lines, and leveraged positions that might provoke forced liquidation during a downturn.
Strive CEO Matt Cole has characterised the company as devoid of debt, with no margin requirements and no encumbered bitcoin. Strive’s recent acquisition aligns with Strategy, the largest corporate holder of bitcoin, which resumed its purchasing activities last week. The software company had halted its bitcoin acquisitions for a duration of 10 weeks; however, it subsequently revealed the purchase of 4,603 bitcoins for a total of $369.7 million during the period from August 24 to August 30.
