Bitcoin Magazine

Strive (ASST) Buys 759 Bitcoin for $50 Million, Treasury Reaches 19,864 BTC

Strive, Inc. (Nasdaq: ASST) disclosed Monday that it purchased 759 bitcoin between June 15 and June 21 at an average cost of approximately $65,850 per coin, inclusive of fees and expenses, bringing its total bitcoin holdings to 19,864 BTC.

The Dallas-based bitcoin treasury company filed a Form 8-K with the Securities and Exchange Commission on June 22, 2026, confirming the transaction. At the stated average price, the purchase carries a total cost of roughly $50 million — the company’s largest single-week acquisition in recent months and a meaningful step up from the smaller tranches it deployed in the two weeks prior.

In the preceding two weeks, Strive had purchased just 32 BTC and then 73 BTC in back-to-back weekly disclosures, for a combined $6.8 million. The jump to 759 coins signals a return to the heavier accumulation pace the company ran earlier in Q2.

Strive’s 759 BTC purchase last week outpaced Strategy’s 520 BTC buy — a rare week in which the smaller treasury company out-accumulated the world’s largest corporate bitcoin holder.

Alongside the bitcoin purchase, Strive’s cash and cash equivalents rose from $141.4 million to $144.5 million over the reporting period, reflecting continued capital raises through its at-the-market equity program. Class A common stock share count increased by approximately 1.9 million shares to 71.8 million. 

The company’s holdings of Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) remained flat at 505,000 shares, with fair value ticking down slightly to $44.7 million.

Strive’s pure-bitcoin play

Strive entered the public bitcoin treasury space through its January 2026 merger with Semler Scientific (Nasdaq: SMLR), a deal that brought 5,048 BTC onto Strive’s balance sheet at close. The company has moved fast since then. By early May it had crossed 15,000 BTC, and in early June it deployed roughly $185 million to acquire approximately 2,500 coins in a single week — one of the largest purchases in its short history as a public company.

The engine behind that accumulation is Strive’s SATA preferred stock program, its Variable Rate Series A Perpetual Preferred Stock. SATA pays a bitcoin-linked dividend — currently structured at 13% APR on a daily basis — and has attracted capital that Strive deploys into BTC through its at-the-market programs. 

The model mirrors elements of Strategy’s capital structure, but Strive’s management has framed bitcoin not just as a treasury reserve but as the benchmark against which all capital allocation decisions are measured.

At current prices near $64,200 per coin, Strive’s 19,864 BTC carries a market value of approximately $1.27 billion. 

The company’s average acquisition cost across its full treasury position sits above current prices — a gap it shares with Strategy, the largest corporate bitcoin holder globally at 847,363 BTC.

Strive now ranks among the top ten public corporate holders of bitcoin worldwide. With an eye on the $4.2 billion war chest it outlined earlier this year, the company shows no sign of slowing its pace of accumulation heading into the second half of 2026.

Source: BitcoinMagazine