Strive added 2,500 bitcoin to its corporate treasury over the past week as Michael Saylor's Strategy disclosed its first bitcoin sale in nearly four years.
Strive purchased the additional BTC between May 23 and June 1 at an average price of $74,092 per bitcoin, according to an 8-K filing released Tuesday. The purchases totaled roughly $185.2 million and increased its holdings from 16,500 BTC to 19,000 BTC.
The latest purchase widened Strive's lead over Coinbase and Riot Platforms, both of which it surpassed last week. Strive now sits as the seventh-largest public corporate holder and is 5,300 BTC behind sixth-ranked Bullish.
The filing also showed that Strive increased its cash and cash equivalents to $137.3 million from $93.3 million, while maintaining its roughly $50 million position in Strategy's STRC preferred stock.
"Cash was increased to maintain an 18-month dividend reserve," Strive CEO Matt Cole said in a post on X, alongside updated company metrics showing a quarter-to-date bitcoin yield of 23% and a year-to-date bitcoin yield of 36.7%.
