Key Highlights
- Strive acquired 382 BTC for about $30.3 million during May 13–18, paying an average of $79,348 per Bitcoin.
- The company’s Bitcoin reserves now total 15,391 BTC, with an estimated value of $1.2 billion.
- Strive ranks as the ninth-largest public corporate Bitcoin holder, trailing Hut 8 by approximately 300 BTC.
- The firm reports an 18.4% Bitcoin Yield for the year and maintains $87.3 million in available cash.
- Analyst upgrades include TD Cowen’s $30 target and H.C. Wainwright’s $38 price objective for ASST.
Vivek Ramaswamy-supported Strive, Inc. has expanded its Bitcoin treasury by acquiring 382 additional coins during a five-day window from May 13 through May 18. The company invested approximately $30.3 million in the transaction, paying an average of $79,348 per Bitcoin, as disclosed in an 8-K filing with the SEC dated May 19.
This acquisition elevates Strive’s cumulative Bitcoin position to 15,391 BTC, currently worth around $1.2 billion based on prevailing market rates. ASST stock continues to capture increased analyst interest as the organization executes one of the more ambitious corporate Bitcoin accumulation strategies currently active in the marketplace.
Strive finances these Bitcoin purchases by issuing its Variable Rate Series A Perpetual Preferred Stock (SATA), deliberately avoiding traditional borrowing methods. The firm maintains a balance sheet free of conventional debt obligations.
According to the filing, Strive held $87.3 million in cash and equivalent assets as of the disclosure date. Additionally, the company maintains a $49.8 million investment in Strategy’s STRC preferred shares.
The Dallas-headquartered company reports a year-to-date Bitcoin Yield of 18.4%. Its amplification ratio — measuring Bitcoin exposure against market capitalization through SATA issuances — currently stands at 44.3%.
Strive’s Position Among Corporate Bitcoin Holders
With 15,391 BTC in reserve, Strive occupies the ninth position on the list of publicly reported corporate Bitcoin holders. The company falls between Hut 8 and Riot Platforms in the rankings, needing just 300 additional coins to surpass Hut 8.
Strategy maintains an overwhelming lead in this category with 843,738 Bitcoin in its treasury. Strategy also recently executed a $2 billion Bitcoin acquisition.
Since the start of 2026, Strive has accumulated over 2,200 BTC. The most recent purchase of 382 Bitcoin occurred at a slight premium compared to the approximately $77,000 current spot price, creating a minor unrealized loss on this particular batch. Nevertheless, Strive’s overall average acquisition cost across its entire position remains favorable relative to present market valuations.
Wall Street Raises Price Projections
Financial analysts have responded positively to Strive’s accelerated Bitcoin accumulation strategy. TD Cowen recently elevated its ASST price target to $30, attributing the upgrade to enhanced capital efficiency resulting from modifications to preferred share dividend structures.
H.C. Wainwright initially reduced its valuation forecast but subsequently adjusted it upward to $38, emphasizing consistent valuation fundamentals and the expansion of Strive’s Bitcoin holdings.
In a separate announcement this month, Strive revealed that SATA will commence daily cash dividend payments beginning June 16, calculated at a 13% annual rate. The company characterizes this as the inaugural security in U.S. capital markets history to distribute cash dividends on every business day.
CEO Matthew Cole stated: “SATA will be the first listed security in the history of U.S. capital markets to pay cash dividends every single Business Day.”
Strive has also concluded a debt agreement and restructured the conditions governing its preferred equity instruments. Previously, the company initiated the buyback and retirement of convertible senior notes scheduled to mature in 2030, which were initially held through a Semler Scientific subsidiary.
As of May 18, Strive reported 63.66 million outstanding Class A common shares alongside approximately 9.87 million Class B shares. The firm also disclosed the sale of 5.24 million shares of its SATA preferred stock.
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