Strive buys 1,110 Bitcoin despite $292 million paper loss

Strive purchased 1,110 Bitcoin for about $81.5 million between August 17 and 21. Strive paid an average of $73,409 per coin, including fees and expenses. The purchase increased Strive’s treasury to 21,356 coins. The purchase lowered Strive’s average cost to $93,257 per coin from $94,345. Strive’s Bitcoin reserve still had a paper loss of more than $292 million. The reserve was valued near $1.70 billion, which was 14.66% below its cost. The purchase was Strive’s largest since June 1, when Strive added 2,499 Bitcoin. Strive disclosed the purchase in an 8-K filing with the Securities and Exchange Commission on August 24. Strive bought 147 coins during the first week of August. Strive bought 79 coins during the second week of August. The two purchases cost $14.5 million combined. Strive has spent $1.99 billion across 29 purchases since September 2025. Strive has never sold a coin. CEO Matt Cole said he has strong conviction that the Bitcoin bear market is over. Cole cited Bitcoin breakouts against the US dollar and gold. He said the two relationships turning higher together increased his confidence in the next 12 to 18 months. Bitcoin traded at $79,787 at press time. Strive needs a 17% gain to reach its $93,257 break-even price. Strategy raised $3.28 billion by selling stock in August. Strategy bought no Bitcoin in August. Strategy has sold 6,916 coins since its last purchase on June 22. Strategy’s average cost of $75,385 was below current levels, so its position remained profitable.