Strive (ASST) added 1,109 bitcoin to its balance sheet last week, lifting total holdings to 16,500 BTC and placing the firm among the largest public corporate holders of the asset, according to a May 26 filing.
The purchases took place between May 19 and May 22 at an average price of $76,989 per coin, bringing Strive to seventh place among listed companies with bitcoin treasuries. The move continues a strategy that ties equity growth to direct exposure to bitcoin.
The company reported cash and cash equivalents of $93.3 million, up from $87.3 million. It also disclosed a rise in the value of its holdings of Strategy Inc.’s STRC preferred stock, which now exceed $50 million.
Strive said it is assessing a refresh of its at-the-market programs tied to both Class A common stock and SATA preferred stock. The update would give the firm added flexibility to issue shares and fund further bitcoin purchases.
Shares outstanding increased across both classes during the period, reflecting capital activity tied to its treasury approach.
