Strive Stock Rises Over 7% After 1,110 Bitcoin Purchase

Strive, Inc. purchased 1,110 bitcoin last week, increasing its total holdings to 21,356 coins, according to a filing. The stock (Nasdaq: ASST) surged over 7% on Monday following the announcement. Strive, an asset manager rebranded in 2025 as a publicly traded bitcoin treasury company, acquired Semler Scientific in January 2026 in an all-stock deal. An 8-K filing with the SEC revealed the bitcoin was bought from August 17 to August 21 at an average price of 73409 dollars per bitcoin, totaling nearly 81500000 dollars. This purchase raised Strive's holdings by approximately 5.5% from 20246 coins reported in mid-August. The acquisition was funded through proceeds from at-the-market offerings of ASST and SATA shares, with cash and cash equivalents increasing to 171900000 dollars from 154100000 dollars in July. Strive's recent buying pace contrasts sharply with previous weeks, where it bought 147 bitcoin at an average of just over 64800 dollars and 79 bitcoin at 63231 dollars. Bitcoin rose nearly 25% last week, closing at 77387 dollars on Friday and trading near 80000 dollars on Monday. Strive is now the seventh-largest public corporate holder of bitcoin, following Strategy, Twenty One Capital, Metaplanet, MARA, and Bitcoin Standard Treasury Company. CEO Matt Cole expressed strong conviction that the bitcoin bear market has ended.

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