Key Highlights
Strive pushes bitcoin treasury to 19,105 BTC following 73 BTC purchase.
ASST stock surges 9% as company maintains aggressive acquisition pace.
New bitcoin acquisition valued at approximately $4.7 million strengthens position.
Company’s latest BTC addition reinforces status among top corporate holders.
Preferred stock dividend adjustment aims to enhance liquidity for future purchases.
Shares of Strive, Inc. (ASST) posted strong gains after the company revealed another bitcoin treasury expansion. ASST stock advanced to $16.57, marking a 9.37% increase following the disclosure that it acquired an additional 73 BTC. The purchase demonstrates Strive’s continued commitment to building one of the market’s most aggressive corporate bitcoin reserves.
Company Increases Bitcoin Reserve to 19,105 BTC With Recent Purchase
In an SEC Form 8-K filing, Strive announced the acquisition of 73 bitcoin completed between June 8 and June 14. The transaction was executed at an average cost of approximately $63,646 per BTC, totaling roughly $4.7 million. Following this purchase, the company’s aggregate bitcoin holdings now stand at 19,105 BTC.
Based in Dallas, Strive has positioned bitcoin as the cornerstone of its corporate treasury approach. Every successive acquisition strengthens a balance sheet deliberately structured around cryptocurrency reserves. This latest transaction further solidifies Strive’s ranking among publicly traded companies with substantial bitcoin holdings.
The company simultaneously reported a slight uptick in its cash position during the reporting period. Cash and cash equivalents grew from $139.2 million as of June 5 to $141.4 million by June 12. Meanwhile, its STRC position held steady at 505,000 shares, though fair value increased to $47.9 million.
Class A Shares Increase as Preferred Stock Program Funds Expansion
The number of outstanding Class A common shares grew as part of Strive’s equity issuance program. During the week, approximately 483,400 shares were added, bringing the total to 69,894,045. Class B common stock and SATA preferred shares experienced no change.
The SATA preferred stock instrument plays a crucial role in Strive’s capital formation strategy. Beginning June 16, the company implemented a transition from monthly to daily dividend payments on its 13% APR SATA preferred shares. Management believes this daily payment structure will improve liquidity conditions and facilitate additional capital raising for ongoing bitcoin acquisitions.
Strive established its presence in the corporate bitcoin treasury space through its merger with Semler Scientific. The all-stock deal added Semler’s 5,048 BTC to the combined entity’s reserves when it finalized in January 2026. This transaction positioned Strive with an initial holding of 12,797.9 BTC, immediately elevating its standing among institutional bitcoin holders.
Aggressive Accumulation Model Powers Treasury Growth
Following the Semler merger completion, Strive significantly accelerated its bitcoin acquisition program. In late January, the company deployed $225 million raised through SATA preferred stock issuance to purchase 333.89 BTC at an average cost of $89,851 per coin. The company simultaneously retired the majority of its outstanding debt obligations.
The acquisition momentum continued through spring and early summer. Strive crossed the 15,000 BTC threshold after securing 444 bitcoin for $33.9 million at an average price of $76,307. Additional purchases followed in mid-May with 381.61 BTC, and the company made a substantial acquisition of approximately 2,500 BTC on June 1.
Strive has institutionalized bitcoin as its primary capital allocation reference point across all operations. The company employs a bitcoin-centric framework that evaluates alternative investments against BTC returns. This strategic orientation has driven holdings from under 8,000 BTC in late 2025 to the current level exceeding 19,000 BTC.
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