Strive, an asset manager, bought 1,110 bitcoin last week for $81.5 million, pushing its total to 21,356 BTC. The purchase ran between Aug. 17 and Aug. 21, landing at an average price of $73,409 per bitcoin including fees and expenses. It's the latest move in the firm's expanding digital asset treasury strategy.
A $81.5 million week
The money is real. Strive spent $81.5 million on the batch, which comes out to roughly $73,409 per coin after fees. That's a sizable chunk for a single week, even for a firm that's been openly stacking bitcoin. The purchase lifts the total stash past the 21,000 mark, and it doesn't look like the firm is done.
The digital asset treasury
Strive runs what it calls a digital asset treasury, or DAT strategy. The idea is to put investor capital into bitcoin rather than leaving it idle. This week's buy fits that pattern. The firm has been steadily growing its position, and the latest acquisition is a clear signal that the treasury is a core part of the game plan, not a side experiment.
What the price tag says
The average cost of $73,409 per bitcoin includes fees and expenses, which is a detail worth noting. Strive isn't just paying the spot price; it's factoring in the full cost of getting the coins into the treasury. That's the number the firm's investors will see when they look at how the money's being put to work.
Strive hasn't said when it might buy again. With 21,356 BTC on the books, the appetite for bitcoin clearly isn't fading. The next purchase is just a matter of when.
