November 11, 2026. TechFlow reported that day, citing a Bitcoin Treasuries disclosure, that Fidelity had bought additional shares of Strive (ASST), a company shifting toward a bitcoin treasury model.
Fidelity manages about $7.8 trillion and is described as the world’s third-largest asset manager. The purchase was 2.35 million shares, worth about $51 million. Fidelity’s total holding rose to 12.24 million shares, which TechFlow valued at about $265.3 million. The share count increased by about 23%. From the disclosed figures, the average price of this addition was about $21.70 a share. After the increase, the report said, Fidelity was one of Strive’s important shareholders.
Strive is turning the company into a bitcoin treasury company. An 8-K it filed on November 9 showed that, as of November 6, it held 43,153 bitcoin. The same summary said Strive added 29 bitcoin the previous week at an average price of $75,721.
The notice places two dated items side by side: an asset manager’s equity stake, and the company’s reported bitcoin balance. It does not link the share purchase to a bitcoin-price move, to leverage, or to liquidations. The order of the disclosures is not evidence that one caused the other.
Original article: TechFlow, published November 11, 2026, 17:38 UTC+8
