Strive bought 1,109 bitcoin last week, raising its total holdings to 16,500 BTC and strengthening its place among major public corporate holders. The company is also reviewing new capital-raising tools as it prepares to expand its bitcoin-linked treasury strategy.
Strive has added over 1,000 bitcoin to its balance sheet, extending a treasury strategy that has helped fuel a sharp rally in its shares. The company, which trades under the ticker ASST, acquired 1,109 BTC between May 19 and May 22, according to a May 26 filing.
The purchases came at an average price of $76,989 per bitcoin with the latest acquisition bringing Strive’s total holdings to 16,500 BTC. That places the firm seventh among publicly traded companies with bitcoin treasuries.
Strive’s approach links its equity story closely to bitcoin accumulation. As a result, investors have treated the stock as both a corporate security and a leveraged expression of demand for the digital asset.
The company also reported $93.3 million in cash and cash equivalents, up from $87.3 million. In addition, Strive said the value of its holdings in Strategy Inc.’s STRC preferred stock has risen above $50 million.
