Strive Buys $143M in Bitcoin to Push Corporate Crypto Treasury to $1.76B

Asset manager Strive acquired 1,800 Bitcoin for roughly $143 million, expanding its corporate crypto treasury to 23,156 BTC valued at approximately $1.76 billion. CEO Matt Cole confirmed the company paid an average price of $79,431 per coin for the latest tranche, leaving the acquisition near break-even against Monday's trading price of around $78,600. The purchase follows an earlier $81 million Bitcoin buy completed alongside a share sale under its Nasdaq ticker ASST, following its merger with Asset Entities earlier this year. The acquisition coincides with broader corporate treasury accumulation across the sector, as Strategy resumed buying with a $370 million purchase and Bitmine executed its largest Ethereum purchase since June. Bitcoin traded near $78,600 on Monday, putting the asset on track to finish August with a gain of more than 24%, marking its strongest monthly performance since 2017.