Public asset manager Strive picked up 1,375 BTC between August 31 and September 4, paying an average price of $79,281 per coin—fees and expenses included. The deal totaled about $109 million. With this move, Strive’s Bitcoin reserves jumped from 23,156 BTC to 24,531 BTC.

Deal Breakdown

The 1,375 BTC buy was executed fast—in just five calendar days. The average price reflects all fees and extra costs, so it’s a real look at Strive’s all-in entry price. The haul came in at roughly $109 million based on the deal’s pricing.

Strive’s Balance Sheet as of September 4

As of September 4, Strive reported $202.6 million in cash and equivalents. On top of that, the company holds 505,000 preferred STRC shares valued at a combined $49.4 million.

What’s Changed?

This latest buy boosted Strive’s Bitcoin stack by 1,375 BTC, bringing the total to 24,531 BTC. The company still sits on a hefty cash pile and maintains its position in STRC preferred shares.