Asset management firm Strive has expanded its corporate treasury after purchasing 1,223 Bitcoin for an average price of $81,734 per token, bringing its total holdings to 36,818 BTC valued at over $3 billion.
Rapid Buying Spree Drives Strive's Bitcoin Treasury Past $3B
Strive Chief Executive Officer Matt Cole shared details of the transaction on X, noting that the purchases took place between Wednesday and Friday. At current Bitcoin prices trading above $82,000, the company's total portfolio of 36,818 BTC is worth more than $3 billion. Cole noted that proceeds from the company's SATS initial public offering are set to settle on Tuesday. Additionally, Strive intends to maintain its existing 18-month dividend reserve, while its traditional warrants have officially expired ($ASST, $SATA, $SATS).
This latest acquisition is part of an aggressive accumulation drive. Over the past eight days, Strive completed three substantial transactions, starting with 3,311 BTC—the second-largest single purchase in its history—followed immediately by another 2,822 BTC buy valued at $235 million. This aggressive corporate buying follows previous treasury expansion efforts, such as when Strive and Strategy bought 1,490 Bitcoin for $123M.
Outpacing Competitors in Short-Term Accumulation
While Strategy, led by Michael Saylor, remains the overall global corporate leader in total Bitcoin holdings, Strive's recent short-term buying volume has significantly outpaced its primary competitor. Strategy's asset strategy has recently seen adjustments, such as when Michael Saylor revealed Strategy spent $1.5B buying back STRC preferred stock. Meanwhile, Strive has accelerated spot market purchases as market conditions stabilize with Bitcoin rebounding to around $82,500.
Key Takeaways
- Strive acquired 1,223 BTC at an average price of $81,734 per token between Wednesday and Friday.
- Total company reserves stand at 36,818 BTC, valued at over $3 billion with Bitcoin trading above $82,000.
- The company completed three major buys in an eight-day span, including prior allocations of 3,311 BTC and 2,822 BTC for $235 million.
- SATS IPO proceeds settle on Tuesday, with Strive committing to maintain an 18-month dividend reserve.
Why It Matters
Strive's rapid treasury expansion underscores persistent institutional demand for Bitcoin as a primary balance sheet reserve asset despite macro volatility. By structuring acquisitions around capital raises like its SATS IPO while maintaining an 18-month dividend buffer, Strive is building a resilient corporate framework for sustained accumulation. If corporate treasuries continue to absorb available spot supply at this rate, it could establish a firm price floor during broader market consolidation.
