Strive made a splash in the Bitcoin treasury race this week, buying 759 BTC — its largest weekly purchase in months — according to a June 22 Form 8-K filed with the SEC. The Dallas-based company acquired the coins between June 15 and June 21 at an average price of about $65,850 per BTC (including fees), a transaction worth roughly $50 million that brings Strive’s holdings to 19,864 BTC.
The purchase marks a sharp uptick from the company’s recent weekly buys, which were just 32 BTC and 73 BTC in the two prior disclosures (about $6.8 million combined). It also meant Strive added more Bitcoin during the latest reporting week than Strategy, the world’s largest corporate Bitcoin holder, which disclosed a 520 BTC purchase over a similar period — one of the rare occasions a smaller treasury has outpaced its bigger rival in weekly accumulation.
Key balance-sheet moves
- Cash and equivalents rose slightly to $144.5 million from $141.4 million over the reporting period.
- Class A common shares increased by roughly 1.9 million to 71.8 million, indicating ongoing capital raising through its at-the-market equity program.
- Strive still holds 505,000 shares of Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock (STRC); the filing values that stake at about $44.7 million, modestly down in fair value.
How Strive has grown so fast
Strive’s rapid accumulation began after its January 2026 merger with Semler Scientific, which added 5,048 BTC to its balance sheet at closing and set the stage for aggressive buying. The company crossed the 15,000 BTC mark in early May and disclosed roughly $185 million deployed in early June that bought about 2,500 BTC in a single week — one of its largest post‑merger acquisitions.
Much of the buying has been financed through Strive’s Variable Rate Series A Perpetual Preferred Stock program (SATA). Those preferred shares carry a Bitcoin-linked dividend structured at an annualized 13% (calculated daily). Company disclosures say capital raised via SATA and other at-the-market programs is directed toward additional Bitcoin purchases, with Strive management treating Bitcoin as the benchmark for capital allocation rather than a mere reserve asset.
Valuation and outlook
At Bitcoin prices near $64,000, Strive’s 19,864 BTC treasury is worth about $1.27 billion. The company’s average acquisition cost remains above prevailing market prices — a position it shares with Strategy, which holds 847,363 BTC and remains the largest corporate Bitcoin holder globally.
Strive still has a previously announced $4.2 billion capital deployment plan on the table, and the latest filings suggest the company is continuing to scale its Bitcoin position as the second half of 2026 approaches.
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