Strive raises funds to acquire 210 Bitcoin as treasury tops 21,000 BTC

Strive expanded its Bitcoin treasury above 21,000 BTC after disclosing a fresh purchase of 1,110 BTC, funded in part through an increase in SATA preferred shares, according to a Form 8-K filed with regulators on August 24, 2026.

Strive funds new Bitcoin purchase through SATA preferred shares

Strive bought 1,110 bitcoin between August 17 and August 21, 2026, paying an average of approximately $73,409 per bitcoin, inclusive of fees and expenses, per the SEC filing. For related coverage, see Top Crypto News Today, June 20: Bitcoin Yield Trade Drops Below Par.

The filing ties the accumulation directly to fundraising. SATA preferred shares outstanding rose from 7,829,502 to 8,270,815 over the period, while cash and cash equivalents climbed from $154.8 million to $171.9 million. That preferred-share increase is the clearest filing-level signal of how the treasury expansion was financed. For related coverage, see Bitcoin Falls Below $68,000 as $400M in Liquidations Hit Within an Hour.

A headline tip had pegged the transaction at 210 BTC, but according to unconfirmed reports that figure is not supported by the authoritative disclosure, which instead documents the larger 1,110 BTC buy. Strive’s approach mirrors its prior playbook, including an earlier round in which it raised funds to acquire Bitcoin via SATA preferred stock.

Treasury climbs above 21,000 BTC

The purchase lifted Strive’s reported holdings from 20,246 BTC to 21,356 BTC, pushing the treasury past the 21,000 BTC threshold for the first time.

BitcoinTreasuries ranks Strive as the #7 public company by bitcoin holdings at that balance. The accumulation builds on an aggressive summer stretch, following a run in which the firm bought 2,500 BTC and pushed holdings near 19,000 BTC.

CEO Matt Cole confirmed the figures publicly, framing the buy as part of Strive’s ongoing treasury strategy.

Strive acquired an additional 1,110 $BTC for $81.5M at an average cost of $73,409 per bitcoin, bringing total holdings to ₿21,356.$ASST $SATA pic.twitter.com/bPcbHzl3dH

— Matt Cole (@ColeMacro) August 24, 2026

Source: @ColeMacro on X

Why the move matters for corporate Bitcoin treasuries

ASST shares were up more than 11% in Monday morning trading after the disclosure, per Cointelegraph, a market response that underscores how closely investors track treasury additions as a proxy for balance-sheet conviction.

The context helps explain the sensitivity: Bitcoin traded near $78,739 with a roughly 0.18% 24-hour decline in the research snapshot, meaning Strive’s $73,409 average cost sits below spot.

Broader sentiment remained risk-on, with the Fear and Greed Index at 74, a “Greed” reading. The financing structure is the detail to watch next: further SATA preferred issuance would signal Strive intends to keep converting capital-markets access into Bitcoin, a pattern seen across firms benefiting from ETF demand and treasury buybacks.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.