Strive acquires 1,109 bitcoin, boosting holdings to 16,500 BTC and considering new capital raises
Strive (ASST) has purchased 1,109 bitcoin at an average price of approximately $76,989 per coin in the four days ending May 22, according to a Tuesday filing. This acquisition brings its total bitcoin holdings to 16,500 BTC, up from 15,391 BTC, making Strive the seventh-largest publicly traded company holding bitcoin. The company also reported cash and cash equivalents increased to $93.3 million from $87.3 million, and its holdings of Strategy Inc.'s STRC preferred stock rose slightly to over $50 million. Additionally, Strive disclosed it is evaluating a refresh of its at-the-market programs for both Class A common stock and SATA preferred stock, signaling potential further capital raises and bitcoin purchases. Shares of ASST have surged 133% over the past three months, outperforming other bitcoin treasury firms, but remain over 90% below their 2025 high. ASST is up 3% premarket alongside bitcoin's rise to $77,000.
Key facts
- Strive bought 1,109 BTC at avg price ~$76,989 in four days ending May 22.
- Total bitcoin holdings now 16,500 BTC, making Strive the 7th largest public holder.
- Cash and equivalents rose to $93.3M; STRC preferred stock holdings exceeded $50M.
- Company evaluating refresh of at-the-market programs for common and preferred stock.
- ASST shares up 133% in three months, but still >90% below 2025 high.