Strive buys $50M in bitcoin; holdings reach 19,864 BTC
Strive bought 759 bitcoin for about $50 million from June 15–21, raising reported holdings to 19,864 BTC, the company disclosed in a Form 8-K filed June 22.
Strive, Inc., the Nasdaq-listed company trading under ASST, bought 759 bitcoin between June 15 and June 21 for roughly $50 million, a Form 8-K filed with the SEC on June 22 shows.
The filing reports an average price of about $65,850 per bitcoin, including fees and expenses, and notes the purchase increased Strive’s holdings from 19,105 BTC as of June 12 to 19,864 BTC. The total places the company among the larger public corporate bitcoin treasuries by reported holdings.
The Form 8-K, signed by Chairman and CEO Matthew Cole, also shows cash and cash equivalents of $144.5 million, up from $141.4 million, and the issuance of about 1.89 million additional Class A common shares during the reporting period.
Strive funds bitcoin purchases primarily through equity offerings and a preferred equity instrument called SATA. The company’s disclosures say SATA recently offered a 13% annual percentage rate and switched to daily dividend payments in mid-June.
The June 15–21 acquisition follows several purchases earlier in 2026: about 2,500 BTC in late May and early June at an average near $74,092; 73 BTC in mid-June at about $63,646; and 1,109 BTC in May at an average near $76,989.
A peer company, Strategy, reported a 520 BTC purchase on the same day. The Form 8-K shows share count increases that accompanied capital raises used to acquire bitcoin. Strive lists objectives that include accumulating bitcoin, increasing bitcoin per share and pursuing treasury accumulation, structured finance and active capital allocation.
Market data showed ASST shares up roughly 3% midday June 22. The stock has been volatile, down about 20% over the prior month and more than 84% over the last 12 months.
The filing identifies risks tied to bitcoin price volatility, regulatory developments, dilution from capital raises and execution risk related to the company’s strategy.
Strive’s current corporate structure began after a September 2025 reverse merger with Asset Entities Inc., a Nasdaq-listed digital marketing and content company. The combined business now operates as a public bitcoin treasury and structured finance firm, and CEO Matthew Cole posted the latest purchase announcement on X following the SEC filing.
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