Asset manager Strive continued buying bitcoin despite posting a large second-quarter net loss, increasing its total holdings to 20,167 bitcoin.

Cryptopolitan, a blockchain media outlet, reported on Aug. 10 that Strive announced it added 147 bitcoin to its digital asset treasury reserve that day.

The purchase came alongside its second-quarter results released the same day. Strive said it posted a second-quarter net loss of $257.6 million and pointed to a fall in bitcoin prices during the quarter as the main reason. It maintained its buying stance despite the loss, effectively reaffirming a long-term bitcoin holding strategy.

Strive's bitcoin holdings also moved into the upper tier of corporate rankings. The company bought 6,236 bitcoin in the second quarter alone and purchased a total of 12,237 bitcoin from January to June. That made Strive the seventh-largest corporate holder of bitcoin.

On its financial structure, debt repayment stood out. Strive said it repaid all short- and long-term debt during the second quarter. As of Aug. 7, there were no outstanding loans on its balance sheet. It said it held $154.9 million in cash and also held $48.0 million worth of Strategy preferred shares.

Matt Cole (맷 콜), the CEO and chairman of the board who leads Strive, stressed the company currently has no debt. He said in company materials, "The company currently has no debt and there are no margin requirements. There is also no bitcoin pledged as collateral," adding, "Our current financial condition is designed to withstand bitcoin volatility."

The company also disclosed its own metric, bitcoin yield. The metric shows financial condition compared with its bitcoin holding position. It recorded 23.9 percent in the second quarter and 37.7 percent on a cumulative basis for the first half.

Strive also highlighted its SATA preferred share structure. Cole said SATA pays dividends every business day and that it was the first case in U.S. capital markets of a listed security paying cash dividends every business day. The company presented an annualized dividend rate of 13.00 percent.

Insider buying also continued amid weak share performance. Over the past six months, there were three ASST insider transactions, all purchases. CFO Ben Pahm (벤 팜) bought 14,114 shares for about $115,094, and CLO Brian Logan (브라이언 로건) bought 11,500 shares for about $100,386.

Strive has expanded as a corporate bitcoin holder in a relatively short period. After becoming a listed bitcoin treasury company through a merger with Asset Entities in September 2025, it has increased its bitcoin holdings through open-market purchases, at-the-market share sales and SATA issuance. By continuing purchases on the day it disclosed its loss, the market has come to watch how much further the company will expand its bitcoin-focused treasury strategy.