Strive, Inc. (NASDAQ: ASST) disclosed on August 24, 2026 that the bitcoin treasury company bought 1,110 bitcoin at an average of roughly $73,409 each last week, while issuing 3,646,300 new Class A shares.
Key Takeaways
- Strive purchased 1,110 bitcoin between August 17 and August 21 at an average cost of about $73,409 per coin.
- Company bitcoin holdings climbed to 21,356 coins from 20,246 over the same five trading days.
- Class A shares outstanding grew by 3,646,300 during the week, reaching a total of 79,890,888.
- Cash and cash equivalents rose $17.1 million to $171.9 million even after the bitcoin purchase settled.
- Warrants covering 26,596,010 shares stayed on the books and did not change during the week.
What Happened?
Strive reported the buy in an Item 8.01 current report signed by Chief Executive Officer Matthew Cole. The filing states that the company “purchased 1,110 bitcoin at an average price of approximately $73,409 per bitcoin, inclusive of fees and expenses.“
The purchase lifted total holdings to 21,356 bitcoin. Strive separately held 505,000 shares of the Variable Rate Series A Perpetual Stretch Preferred Stock of Strategy (formerly MicroStrategy), a position it carried at a fair value of $48,571,000 against $47,864,000 a week earlier. That share count did not move, so the increase came from repricing rather than accumulation.
Weekly treasury disclosures have become routine for the company, which emerged from a merger with Semler Scientific, Inc. and whose prior update put holdings just above 20,000 coins.
Strive purchased 1,110 Bitcoin for approximately $81.5 million at an average price of $73,409 per BTC, increasing its total holdings to 21,356 Bitcoin. @Strive pic.twitter.com/lLLf7UF6Vb
— CoinLaw (@coinlaw_io) August 24, 2026
Where The Money Came From?
| Item | As of August 14 | As of August 21 | Change |
|---|---|---|---|
| Bitcoin held | 20,246 | 21,356 | 1,110 |
| Cash and cash equivalents | $154.8 million | $171.9 million | $17.1 million |
| Class A common shares | 76,244,588 | 79,890,888 | 3,646,300 |
| SATA preferred shares | 7,829,502 | 8,270,815 | 441,313 |
| Assumed fully diluted shares | 89,302,926 | 92,949,226 | 3,646,300 |
Strive sold stock into the market across the same window. Class A shares outstanding rose by 3,646,300 and the SATA preferred count rose by 441,313, while Class B common stayed pinned at 9,792,535. Cash finished the week $17.1 million higher than it started.
The filing reports share counts and a closing cash balance, not proceeds, so the split between the common and preferred sales cannot be read from the table. What it does establish is that the equity sales covered the coin purchase and still left the balance sheet with more cash. The mechanics resemble Strategy’s at-the-market equity program, which raises against listed stock on a rolling basis.
Warrants and Preferred Sit Behind the Common Shares
Assumed fully diluted shares reached 92,949,226 by the close of the week, a figure that counts 996,963 options and 2,268,840 unvested employee stock awards. Both held steady, which means the entire increase in the diluted count traces to Class A issuance.
Sitting outside that number are 26,596,010 shares underlying traditional warrants. Strive excludes them because exercise requires payment of the exercise price, and the published dilution figure therefore understates what a fully exercised warrant book would do to the share count. Anyone tracking ASST or SATA dilution can pull those counts straight from the filing table each week.
What the Filing Leaves Open?
Four questions go unanswered in the disclosure:
- What did the Class A and SATA sales actually raise? The company reports share counts and a cash balance, and no proceeds figure appears.
- Will the SATA dividend rate change? The forward-looking section names Strive’s intentions on adjusting that rate as a risk topic without stating them.
- Does the 505,000-share STRC position stay put? The count has held flat, and the filing sets out no plan for it.
- How far along is the Semler Scientific integration? Integration of the combined businesses appears among the listed risks with no status update attached.
CoinLaw’s Takeaway
This disclosure functions as a funding update as much as a purchase update. Strive runs a weekly cadence in which equity sales accompany the buy, and a cash line that rose $17.1 million in a week when the company also added 1,110 coins shows the raise outran the spend. The model holds while the market absorbs new paper at prices management is willing to sell at.
Set against the wider field of corporate bitcoin treasury holdings, Strive is a mid-sized holder working the template Strategy established: sell equity, buy coins, and report on a weekly clock. The variable worth watching is the warrant book. Because those exercisable shares sit outside the reported diluted count, the distance between what this filing shows and what a fully exercised capital structure would look like is larger than the headline share numbers convey.
