Strive (NASDAQ: ASST) has significantly expanded its bitcoin treasury, purchasing 1,109 BTC at an average price of $76,989 per coin, according to a regulatory filing and statements from CEO Matt Cole. The acquisition, costing approximately $85.4 million, brings the company’s total holdings to 16,500 BTC. With this move, Strive leaps past Coinbase and Riot Platforms to become the seventh-largest publicly traded corporate bitcoin holder.
The purchase occurred in the same week that Strategy—the pioneer of corporate bitcoin accumulation—paused its weekly buys to retire $1.5 billion in convertible debt. Strive’s accumulation pace has been aggressive; since September 2025, it has made 17 separate bitcoin purchases when it held just 69 BTC. The total value of its holdings across all acquisitions now reaches $1.64 billion, though the average cost per coin stands at $99,617, leaving an unrealized loss of about $373 million against current spot prices near $77,000.
Strive’s rise in the treasury rankings was aided by its January acquisition of Semler Scientific, which brought 12,798 bitcoin onto the balance sheet. Since then, the company has used at‑the‑market programs tied to its Class A common stock and Variable Rate Series A Perpetual Preferred Stock (ticker SATA) to fuel further purchases. The firm disclosed that it is evaluating renewal of these ATM programs to gain additional flexibility for future capital raises and bitcoin accumulation.
Financial indicators remain mixed: cash and equivalents rose to $93.3 million, while the company’s stake in Strategy’s STRC preferred stock surpassed $50 million. Strive has eliminated all outstanding debt, according to Cole. Shares of ASST have jumped 133% over the past three months, outperforming peers, though they still trade more than 90% below their 2025 peak. Cole also revealed plans to initiate daily SATA dividend payouts starting June 16, a model that Strategy’s Michael Saylor called “impressive.”
As Strive consolidates its position as a notable bitcoin treasury company, analysts have set a price target as high as $38 for ASST. Meanwhile, Bitcoin (BTC) was trading around $76,340, down 1.5% over 24 hours with a 48% surge in trading volume.
