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06/23 06:18

Strive adds 759 Bitcoin for $50 million, lifting t

#World Cup Predictions: 100,000 USDT Daily #2026 World Cup Posting Challenge on HTX Square #HTXCommunity4thAnniversary Strive adds 759 Bitcoin for $50 million, lifting treasury past 19,000 BTCStrive Inc. (NASDAQ: ASST) bought 759 Bitcoin between June 15 and June 21 at an average price of $65,850 per coin. The firm spent roughly $50 million to push its total holdings beyond 19,800 $BTC, according to an 8-K filing disclosed on June 22. Is Strive's latest $BTC purchase cheaper than its previous? The per-coin cost came in about 11% lower than Strive's previous large purchase in May, when the Vivek Ramaswamy-founded firm paid an average of $74,092 each for more than 2,500 $BTC, a $185.2 million outlay. The price difference within a single quarter shows how much Bitcoin's volatility can shift a corporate buyer's cost basis from one month to the next. Strive CEO Matt Cole announced the acquisition on X on June 22, writing that the company "acquired an additional 759 $BTC for ~$50M." Since January, the firm has added over 3,700 $BTC to its balance sheet, a total that includes coins picked up through its acquisition of Semler Scientific earlier this year plus ongoing open-market purchases. How does Strive fund its Bitcoin buys? Through SATA, a perpetual preferred stock that pays daily dividends at a 13% rate, Strive has been financing its accumulation.
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