[Holding Approximately $1.7 Billion in Bitcoin, Strive Becomes the 7th Largest Public Company Bitcoin Holder] Odaily Planet Daily News: Bitcoin News posted on the X platform that Strive Asset Management purchased 1,110 bitcoins for approximately $81.5 million, increasing its bitcoin holdings to 21,356 bitcoins. Based on a bitcoin price of around $80,000, the holdings are valued at approximately $1.7 billion, making it the seventh-largest public company in terms of bitcoin reserves. According to documents submitted to the U.S. Securities and Exchange Commission, Strive completed the purchase between August 17 and 21, with an average purchase price of $73,409 per bitcoin, including fees and related expenses. This purchase increased its bitcoin holdings by approximately 5.5% from the previous 20,246 bitcoins. Strive raised funds for its bitcoin reserve strategy by issuing ASST common stock and SATA preferred stock. During the same period, its Class A shares increased by approximately 3.65 million shares to 79.89 million shares, and it issued 441,313 shares of SATA preferred stock. Due to the increase in shares, Strive's total bitcoin holdings grew by about 5.5%, but the bitcoin holdings per fully diluted share increased by only about 1.4%. Strive CEO Matt Cole posted on the X platform, stating that the company had purchased an additional 1,110 bitcoins at an average cost of $73,409 per bitcoin, bringing the total holdings to 21,356 bitcoins. Previously, in August, Strive purchased 147 bitcoins at an average price of over $64,800 per bitcoin, followed by 79 bitcoins at an average price of $63,231 per bitcoin, for a total of 226 bitcoins. In June, Strive purchased 2,500 bitcoins for $185.2 million, increasing its holdings to 19,000 bitcoins. As of August 21, Strive's cash and cash equivalents increased from approximately $154.8 million to $171.9 million. The price of SATA preferred stock is around $100, with an annualized dividend rate raised to 13% in April.