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Project Overview
STRIVE is a Web3 startup in the NFT space. Strive aims to launch its marketplace and exchange for fractionalizing blue-chip NFTs for retail investors. On Strive, they bring the best experts from different industries to offer group based courses for college students and young professionals. Their goal is to not only help people learn better by engaging with leading experts, but also to help learners find their niche community of like minded peers to support each other in growing their skills.
Holding 23,156 BTC worth approximately $1.8 billion, Strive ranks among the top five corporate Bitcoin holders
Odaily News, According to Bitcoin News monitoring, Strive purchased 1,800 Bitcoin between August 24 and August 28 at an average price of $79,431 per coin, with the transaction totaling approximately $143 million, including fees and related expenses. This purchase increased its Bitcoin holdings from 21,356 to 23,156 BTC, valued at approximately $1.8 billion, surpassing digital asset exchange Bullish to become the fifth-largest corporate holder of Bitcoin, trailing only Strategy, Twenty One Capital, Metaplanet, and MARA Holdings. Strive accumulated nearly 3,000 Bitcoin over a 15-day period, including 1,110 BTC purchased between August 17 and August 21 for approximately $81.5 million, and 79 BTC purchased earlier in August for approximately $5 million. Strive CEO Matt Cole confirmed the purchases in a post on X on August 31. The funds for these purchases came primarily from stock sales, rather than debt financing. During this period, the number of ASST common shares increased from approximately 79.9 million to 83.5 million, and the number of SATA preferred shares also rose. The two programs are expected to raise approximately $154.6 million, with roughly $143 million used to purchase Bitcoin. SATA currently offers an annual dividend of 13%, paid on each business day. Strive stated that it has repaid all outstanding debt, currently has no margin requirements, and its Bitcoin is not collateralized. The company purchased nearly 3,000 Bitcoin in August, and ASST shares rose more than 5% on Monday, bringing their monthly gain to nearly 100%. Raising funds through stock issuance to purchase Bitcoin may lead to dilution of existing shareholders' equity, while a decline in Bitcoin's price could also pose risks.
Strive's SATA continuously purchases Bitcoin through preferred stock financing for 9 consecutive days
Odaily News: BitcoinTreasuries.NET indicates that SATA, a subsidiary of Strive, has raised enough funds today to purchase 104 Bitcoin.
Strive Vice President: Major Global Capital Allocators Now Have Bitcoin-Related Tools That Match Their Views
Odaily News, Strive Vice President Joe Burnett posted on X platform, stating that BTC's break-even annualization is often difficult to understand, and it's important to grasp why. The market generally holds three types of views on Bitcoin: Bullish Bitcoin investors believe Bitcoin will appreciate significantly; if they can borrow long-term capital at a cost below 20% and anticipate Bitcoin's future compound annual growth rate will exceed that level, they are willing to finance the purchase of more Bitcoin. Neutral Bitcoin investors require a much lower hurdle rate of return for Bitcoin. According to Michael Saylor's post, if Bitcoin grows by only 3.3% annually, they could sustainably pay current dividends through Bitcoin capital gains. This is a different bet from expecting Bitcoin to grow at a compound rate of over 20%. For context, the historical annual growth rate of the US dollar M2 money supply is around 7%. BTC is a scarce monetary asset with a long-term supply growth rate of 0%. Therefore, buyers of digital credit don't need to be extremely bullish on Bitcoin; they primarily need to believe that Bitcoin won't die out and will roughly keep pace with dollar inflation. This audience is much broader. Joe Burnett stated this might already be the current global consensus view on Bitcoin. Bearish Bitcoin investors can also express their views by shorting Bitcoin or shorting Amplified Bitcoin. Currently, capital has three clear ways to express its view: Bullish on Bitcoin can hold Bitcoin and Amplified Bitcoin; Neutral on Bitcoin can hold Digital Credit; Bearish on Bitcoin can short Bitcoin or Amplified Bitcoin. Every major capital allocator now has a Bitcoin-related tool matching their worldview, and this is how over $1 quadrillion in global capital begins to flow into Bitcoin.
Strive CIO: Prolonged Bitcoin Downturn Could Trigger Industry M&A Wave
Strive Chief Investment Officer Ben Werkman stated that if Bitcoin prices remain low for an extended period, it will increase pressure on Bitcoin treasury companies that rely on convertible bond financing. Some companies may be forced to sell BTC to maintain operations or repay debt, potentially triggering mergers and acquisitions, asset sales, and restructuring. Werkman noted that Strive has chosen to finance solely through equity to avoid the pressures of convertible bonds, and has already acquired peer company Semler Scientific as an example of industry consolidation. He pointed out that some companies are proactively reducing debt and adjusting their balance sheets, and expects more mergers, acquisitions, and structural adjustments in the future to cope with sustained market weakness and conservative treatment of Bitcoin asset values by rating agencies. (Theblock)
Strive: Plans to Issue Additional SATA to Accumulate 175,000 BTC
Jeff Walton (@PunterJeff) of Strive stated that Strive is raising funds at a rate of $8.1 million per day. If this capital is used to pay dividends, it could support the issuance of $15.5 billion worth of SATA tokens. Jeff Walton indicated that this amount of capital is equivalent to purchasing approximately 175,000 BTC at current prices, which would increase its total BTC holdings to 10 times its current size. (BitcoinTreasuries.NET)
Stock prices of multiple crypto treasury firms declined as they pivoted toward exploring digital credit fundraising, but sustainability remains questionable.
According to the UK’s Financial Times, as prices of crypto assets such as Bitcoin weaken, some crypto treasury firms—whose core business is holding crypto assets—have begun pivoting to a new financing instrument dubbed “Digital Credit” following declines in their stock prices. This strategy, promoted by the firm, offers investors high-yield perpetual preferred shares, with proceeds used to continue purchasing Bitcoin. Since its launch roughly 10 months ago, the initiative has attracted approximately $10.5 billion in inflows. Several crypto reserve companies are now planning to emulate this model, including Strive Asset Management, The Smarter Web Company, and Capital B.
BTC Breaks $79K, Igniting a "Crypto Stock Rally": Mining Firms and BTC Treasury Companies Surge
as the cryptocurrency market continues its rebound, shares of Bitcoin mining firms and digital asset treasury companies rose over the weekend. Market participants believe that the U.S. Treasury's announcement to expand the scale of long-term Treasury buybacks has boosted liquidity expectations, fueling improved sentiment toward risk assets and further lifting crypto-related stocks. Bitcoin mining firm Canaan saw its share price surge over 25%; MARA Holdings continued to climb after rising nearly 16% on Thursday. Strive, a digital asset treasury company holding more than 20,000 BTC, gained over 16% on Friday.Additionally, Trump stated that the U.S. government may purchase Bitcoin on a "large scale" in the future. The market rally was also driven by improved expectations for U.S. regulatory clarity. On Thursday, President Trump again urged Congress to advance the CLARITY Act, a bill aimed at further defining the U.S. digital asset regulatory framework and delineating the respective oversight roles of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the crypto market. (Cointelegraph)
Opinion: Bitcoin is the ultimate AI trade and the "Human ETF"
Odaily News, Strive Vice President Joe Burnett posted on X, stating that Bitcoin is the ultimate AI trade, as mass unemployment and a significant contraction in wealth will lead to massive currency issuance.In the accompanying article, Joe Burnett stated that traditional assets face dilution or competitive mechanisms as long-term stores of value: fiat currency supply expands with credit cycles, fiscal deficits, and central bank policies; stock profits attract competition, regulation, and technological disruption; rising real estate prices drive more construction; and higher gold prices stimulate more mining.He stated that Bitcoin's terminal supply is fixed, cannot be inflated in response to increased demand, belongs to no company, industry, or government, and is not someone else's liability. Human progress brings more output, efficiency, and wealth, and that wealth needs to flow into assets that cannot be diluted by issuance.Joe Burnett said that over the past ~17 years, Bitcoin has evolved from an open-source project into a globally recognized monetary network, outperforming most other asset classes over 4+ year cycles. Its volatility is tied to the growth process, but the supply rules remain unchanged. As the network expands and more capital enters, daily volatility may narrow.
Analysis: Bitcoin Breaks Above $72K, Dollar Weakness and Fed Liquidity Expectations Become Key to Outlook
Odaily News - Bitcoin extended its gains on Wednesday and climbed above $72,000 on Thursday, reaching its highest level since June 1.Market analysis suggests that the recent rally is primarily driven by easing pressure in the U.S. Treasury market. The White House's earlier signals of support for Treasury market stability alleviated investor concerns over bond market volatility. However, the longer-term trajectory still depends on changes in Federal Reserve liquidity policy.Analyst Pedro Fontes noted that if the world's largest debt market requires policy support to maintain stable operation, it would further strengthen demand for assets that are scarce, predictable, and not reliant on government debt expansion—characteristics that Bitcoin aligns with. Meanwhile, the U.S. dollar index fell 0.88% to 98.77 yesterday, hitting a fresh low since May.Strive Founder and CEO Matt Cole stated that the dollar index has been in a long-term "structural downtrend," and a weaker dollar could create a more favorable investment environment for assets like Bitcoin. Markets will continue to monitor the White House's further remarks on the bond market, shifts in geopolitical conditions, and U.S. initial jobless claims data today, as these factors could influence Treasury yields and market liquidity expectations. (CoinDesk)
Self-custody confidence permanently changed, Strive VP says Bitcoin custody may enter its next phase
Strive Vice President Joe Burnett posted on X, saying that recent weeks may be among the worst in Bitcoin's history. Many people purchased approved hardware wallets, generated seed phrases offline, and followed established best practices, yet still lost significant amounts of Bitcoin due to a vulnerability affecting seed phrases generated by COLDCARDwallet since March 2021. The vulnerability went undetected for over five years. Joe Burnett stated this will permanently change people's confidence in self-custody. Self-custody will still exist, but it has been permanently changed. For those who want to directly control large amounts of Bitcoin, the standard should be multi-vendor multisignature, with keys independently generated using different hardware and different software, and stored in different physical locations. If they cannot accept this approach, they should use institutional-grade custodians. Joe Burnett noted that the current wave of Bitcoin adoption is occurring through ETFs, treasury companies, and institutional custodians, primarily driven by people who never intended to become experts in private key generation, hardware security, firmware, backups, inheritance planning, and physical storage. A single key generated by one hardware wallet protecting large amounts of Bitcoin carries excessively high concentration risk. Joe Burnett also said that institutional custody may ultimately lead to too much Bitcoin being concentrated in the hands of large companies, creating risks of censorship, seizure, and confiscation. However, Bitcoin's portability and settlement properties provide a critical counterbalance — users can create a wallet and request the custodian to send Bitcoin, shifting from counterparty risk to direct ownership within minutes. Joe Burnett believes that as long as Bitcoin itself remains secure, the failure of one custody method does not negate the underlying monetary system, but rather forces the market to develop better tools, stronger standards, and more resilient custody architectures. This week may ultimately mark the end of one era of Bitcoin custody and the beginning of the next wave of Bitcoin adoption.
Bitget Lists 7 Stock Tokens Including Strive, Yum! Brands, and US Dividend Stock ETF
Bitget has listed 7 stock tokens including rSCHD (US Dividend Stock ETF), rYUM (Yum! Brands), rASST (Strive), and rDHI (D.R. Horton), covering popular sectors such as finance and consumer goods.It is reported that rTokens, identified by the prefix "r" + stock ticker symbol (e.g., rNVDA for NVIDIA), are issued by Reality, a licensed RWA protocol under Bitget. By partnering with the compliant broker Alpaca, these tokens are directly connected to global liquidity pools such as Nasdaq and NYSE. Key features include: 1:1 reserve backing of underlying assets held by licensed custodians, stock dividends distributed 1:1 in token form, synchronized mapping of corporate actions (such as stock splits and reverse splits), and the ability to use the holdings as cross-collateral for unified accounts and USDT-margined perpetual contracts, allowing users to hold global stock assets while flexibly managing their funds.
TD Cowen Expects Strive Shares to Rise 33% to $32, Holding Over 27,100 BTC by End of 2026
: BitcoinTreasuries.NET posted on the X platform that Lance Vitanza, an analyst at the $15 billion investment bank TD Cowen, stated that Strive's stock price will rise 33% to $32. The firm noted that its treasury activities have significantly exceeded previous models. TD Cowen expects Strive to hold more than 27,100 bitcoins by the end of 2026.
Analysis: Bitcoin Breaks Above $72K, Dollar Weakness and Fed Liquidity Expectations Become Key to Outlook
Odaily News - Bitcoin extended its gains on Wednesday and climbed above $72,000 on Thursday, reaching its highest level since June 1.Market analysis suggests that the recent rally is primarily driven by easing pressure in the U.S. Treasury market. The White House's earlier signals of support for Treasury market stability alleviated investor concerns over bond market volatility. However, the longer-term trajectory still depends on changes in Federal Reserve liquidity policy.Analyst Pedro Fontes noted that if the world's largest debt market requires policy support to maintain stable operation, it would further strengthen demand for assets that are scarce, predictable, and not reliant on government debt expansion—characteristics that Bitcoin aligns with. Meanwhile, the U.S. dollar index fell 0.88% to 98.77 yesterday, hitting a fresh low since May.Strive Founder and CEO Matt Cole stated that the dollar index has been in a long-term "structural downtrend," and a weaker dollar could create a more favorable investment environment for assets like Bitcoin. Markets will continue to monitor the White House's further remarks on the bond market, shifts in geopolitical conditions, and U.S. initial jobless claims data today, as these factors could influence Treasury yields and market liquidity expectations. (CoinDesk)
Billionaire Steve Cohen's Point72 liquidates 72,431 shares of Strategy
Odaily News: Billionaire Steve Cohen's hedge fund Point72 has disclosed selling all 72,431 shares of Strategy stock and, for the first time, purchased 163,419 shares of Strive stock, valued at $2.1 million. The hedge fund is shifting its allocation toward ASST. (BitcoinTreasuries)
Strive spends $1.2 million to increase Bitcoin holdings by 18 BTC, total holdings rise to 19,900
: Matt Cole, CEO of Bitcoin treasury-listed company Strive, disclosed the latest accumulation operation. The company purchased 18 Bitcoins for $1.2 million this time, with an average purchase price of $64,028. After this increase, Strive's total Bitcoin holdings have reached 19,900.
Strive Vice President: Major Global Capital Allocators Now Have Bitcoin-Related Tools That Match Their Views
Odaily News, Strive Vice President Joe Burnett posted on X platform, stating that BTC's break-even annualization is often difficult to understand, and it's important to grasp why. The market generally holds three types of views on Bitcoin: Bullish Bitcoin investors believe Bitcoin will appreciate significantly; if they can borrow long-term capital at a cost below 20% and anticipate Bitcoin's future compound annual growth rate will exceed that level, they are willing to finance the purchase of more Bitcoin. Neutral Bitcoin investors require a much lower hurdle rate of return for Bitcoin. According to Michael Saylor's post, if Bitcoin grows by only 3.3% annually, they could sustainably pay current dividends through Bitcoin capital gains. This is a different bet from expecting Bitcoin to grow at a compound rate of over 20%. For context, the historical annual growth rate of the US dollar M2 money supply is around 7%. BTC is a scarce monetary asset with a long-term supply growth rate of 0%. Therefore, buyers of digital credit don't need to be extremely bullish on Bitcoin; they primarily need to believe that Bitcoin won't die out and will roughly keep pace with dollar inflation. This audience is much broader. Joe Burnett stated this might already be the current global consensus view on Bitcoin. Bearish Bitcoin investors can also express their views by shorting Bitcoin or shorting Amplified Bitcoin. Currently, capital has three clear ways to express its view: Bullish on Bitcoin can hold Bitcoin and Amplified Bitcoin; Neutral on Bitcoin can hold Digital Credit; Bearish on Bitcoin can short Bitcoin or Amplified Bitcoin. Every major capital allocator now has a Bitcoin-related tool matching their worldview, and this is how over $1 quadrillion in global capital begins to flow into Bitcoin.
Stock prices of multiple crypto treasury firms declined as they pivoted toward exploring digital credit fundraising, but sustainability remains questionable.
According to the UK’s Financial Times, as prices of crypto assets such as Bitcoin weaken, some crypto treasury firms—whose core business is holding crypto assets—have begun pivoting to a new financing instrument dubbed “Digital Credit” following declines in their stock prices. This strategy, promoted by the firm, offers investors high-yield perpetual preferred shares, with proceeds used to continue purchasing Bitcoin. Since its launch roughly 10 months ago, the initiative has attracted approximately $10.5 billion in inflows. Several crypto reserve companies are now planning to emulate this model, including Strive Asset Management, The Smarter Web Company, and Capital B.
Strive spends approximately $81.5 million to increase its BTC holdings by 1,110
Strive recently purchased approximately 1,110 Bitcoin for about $81.5 million, bringing its total holdings to over 21,000 and further expanding its strategic position in BTC.
SATA purchased 223 BTC on Thursday and another 183 BTC today
Odaily News: BitcoinTreasuries.NET stated that the funds raised by SATA this week have been sufficient to support the purchase of 400 BTC, with the number of acquisitions still increasing. The post also mentioned that Strive's fundraising campaign is ongoing.
Analysis: Bitcoin Breaks Above $72K, Dollar Weakness and Fed Liquidity Expectations Become Key to Outlook
Odaily News - Bitcoin extended its gains on Wednesday and climbed above $72,000 on Thursday, reaching its highest level since June 1.Market analysis suggests that the recent rally is primarily driven by easing pressure in the U.S. Treasury market. The White House's earlier signals of support for Treasury market stability alleviated investor concerns over bond market volatility. However, the longer-term trajectory still depends on changes in Federal Reserve liquidity policy.Analyst Pedro Fontes noted that if the world's largest debt market requires policy support to maintain stable operation, it would further strengthen demand for assets that are scarce, predictable, and not reliant on government debt expansion—characteristics that Bitcoin aligns with. Meanwhile, the U.S. dollar index fell 0.88% to 98.77 yesterday, hitting a fresh low since May.Strive Founder and CEO Matt Cole stated that the dollar index has been in a long-term "structural downtrend," and a weaker dollar could create a more favorable investment environment for assets like Bitcoin. Markets will continue to monitor the White House's further remarks on the bond market, shifts in geopolitical conditions, and U.S. initial jobless claims data today, as these factors could influence Treasury yields and market liquidity expectations. (CoinDesk)
Strive CEO：比特币当前价格区间“历史性便宜”
BitcoinTreasuries.NET 发文称，Strive（ASST）首席执行官 Matt Cole 表示，比特币在当前价格区间处于历史性低估水平，公司认为在此承担风险并增持 BTC 具有建设性意义。他还称，Strategy 仅出售 BTC 以支持 STRC 回归面值，从而长期以增厚收益的方式买入 BTC。
Strive added 6,236 BTC in Q2, achieving a yield of 23.9%
Odaily News Nasdaq-listed institution Strive has released its Q2 financial report for the period ending June 30, 2026. The company acquired a total of 6,236 Bitcoin in Q2, bringing its first-half total to 12,237 Bitcoin, with a Q2 Bitcoin yield of 23.9% and a first-half yield of 37.7%. Between July 1 and August 7, it added another 303 Bitcoin. The Q2 GAAP net loss was $257.6 million, of which 94.1% was attributable to the decline in the fair value of its Bitcoin holdings and STRC shares; the non-GAAP adjusted net loss attributable to common shareholders was $275 million.Since June 16, the company has initiated daily floating distributions on its SATA series perpetual preferred stock, distributing dividends 44 consecutive times as of August 7. Strive has now fully repaid all long-term and short-term debt, achieving zero leverage. As of August 7, it held $154.9 million in cash and cash equivalents, with the fair value of its Strategy STRC preferred stock at $48 million. The company has also launched an updated financial dashboard to enhance disclosure related to SATA products. (Globenewswire)
Strive CRO: Strategy Selling 3,500 Bitcoin Helps Buy More BTC
BitcoinTreasuries.NET posted on X platform, stating that Strive's CRO PunterJeff Jeff Walton (@PunterJeff) explained that Strategy's recent sale of 3,500 Bitcoin is actually bullish and helps it buy more BTC. He stated that this will provide more support for STRC and its future growth ability, thereby allowing it to purchase more BTC, and MSTR shareholders should view this positively.
Related news
Strive buys 469 BTC, bringing the total to 25,000.
Strive Protocols announced the purchase of 469 Bitcoin (BTC), bringing its total treasury reserves to approximately 25,000.
Strive invests $36.6 million to increase BTC holdings by 469, bringing total holdings to 25,000 BTC.
Strive CEO Matt Cole posted on X that the company purchased 469 BTC for $36.6 million, at an average cost of $77,954 per coin, increasing its total Bitcoin holdings to 25,000 BTC. One hundred percent of the funding for the purchase was sourced from SATA, which currently has a nominal issuance size exceeding $1 billion.
Reaching a record high, Strive's market cap hits $2.62 billion, with shares rising to $27.70
According to Odaily, BitcoinTreasuries.NET posted on X that Bitcoin treasury company Strive has set a new all-time high in market capitalization, reaching $2.62 billion, with its stock price rising to $27.70. Over the past month, Strive's market cap has surpassed that of 545 listed companies.
Strive's SATA raises enough this week to buy 578 Bitcoin
According to Odaily, the digital credit preferred security has maintained par value for 16 consecutive trading days, setting the longest streak of its kind.
Only 5 cents from par value, Strive's SATA has raised enough to purchase over 280 BTC
BitcoinTreasuries.NET posted on X that pre-market trading has opened, and Strive's SATA is only 5 cents away from par value. SATA has raised sufficient funds this week to purchase over 280 BTC and is about to begin accumulating Bitcoin.
Strive CEO: Bitcoin Price Rise Will Drive Recovery of Distressed Treasury Companies
Odaily News: Matt Cole, CEO of Bitcoin treasury company Strive, stated that as Bitcoin prices rise, distressed Bitcoin treasury companies will recover in unexpected ways. Companies with clear plans will become stronger, and a few of them may experience an unpopular rally. (BitcoinTreasuries)