Strive becomes fifth-largest bitcoin treasury after $143 million buy

Strive announced a $143 million bitcoin purchase and became the fifth-largest publicly traded crypto treasury. Strive bought 1,800 bitcoins between August 24 and August 28. The company paid an average price of $79,431 per bitcoin, according to a Securities and Exchange Commission filing. Strive now holds 23,156 bitcoins worth $1.8 billion at today's prices. Strive's stock was trading 9% higher around 12:30 p.m. in New York. The stock has risen by nearly 40% year to date. Strive's year-to-date Bitcoin yield reached 40.8% as of its August 28 filing. The yield was less than 37% in early June. Strategy, Twenty One, Metaplanet, and MARA rank ahead of Strive among bitcoin treasuries. Vivek Ramaswamy founded Strive in 2025 after raising $750 million to buy Bitcoin. Strive completed its all-stock acquisition of Semler Scientific in January 2026. The acquisition was the first instance of a publicly traded Bitcoin treasury company acquiring another such company. Strive maintains a debt-free balance sheet with no bonds, credit lines, or leveraged positions. CEO Matt Cole described Strive as having zero margin requirements and zero encumbered bitcoin. Strategy restarted its bitcoin purchases last week after pausing them for 10 weeks. Strategy bought 4,603 bitcoins for $369.7 million between August 24 and August 30.