CoinDesk
Strive disclosed in an 8-K filing that it acquired 2,500 BTC for roughly $185.2 million at an average price of $74,092 per coin, lifting its corporate treasury to 19,000 BTC and pushing the company deeper into the top tier of publicly traded corporate holders.
The buy was executed at a lower average price than Strive's last disclosed acquisition of 1,109 BTC at $76,989 on May 22, indicating the company bought into the slide that took BTC from above $74,000 last week to roughly $70,800 by Tuesday morning. Strive also reported a quarter-to-date BTC yield of 23.0%, a year-to-date yield of 36.7%, and an amplification ratio of 57.0%, while raising cash reserves to maintain an 18-month dividend buffer.
Why it matters
The purchase lands one day after Strategy (MSTR) — long the gravitational center of the corporate bitcoin trade — disclosed its first publicized sale of 32 BTC for $2.5 million at an average price of $77,135. That sale alone is too small to move the market, but its symbolic weight is large: Strategy has historically only bought, and the disclosure coincided with a sell-off in BTC and the broader crypto complex. Strive stepping in at a discount while the original treasury incumbent turned net seller reframes the cohort: the corporate bid is no longer monolithic, and price discipline — buying lower, sequencing into weakness — is becoming the differentiator.
Market impact
Benchmark analyst Mark Palmer initiated coverage of Strive with a Buy rating and a $32 price target, implying roughly 93% upside even after the company's Class A shares (ASST) fell 3.59% to $16.58 in pre-market trading. The setup matters for the broader treasury cohort: if Strategy's selling is read as a regime change rather than a one-off treasury operation, the relative-value trade shifts to the second-tier buyers who can still demonstrate yield expansion without forced issuance. Watch whether MSTR's next disclosure reaffirms or extends the selling pattern — and whether BTC holds the $70K zone while open interest sits near a record 773,000 BTC.
Frequently asked questions
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How much bitcoin did Strive buy and at what price?
Strive acquired 2,500 BTC for roughly $185.2 million at an average price of $74,092 per coin, disclosed in an 8-K filing and lifting its holdings to 19,000 BTC.
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Why is the Strive purchase significant given Strategy just sold BTC?
Strive bought 2,500 BTC at a lower average price than its prior purchase, the day after Strategy (MSTR) disclosed its first publicized sale of 32 BTC. The divergence reframes the corporate bitcoin cohort from a monolithic bid into a split between disciplined buyers and a now-potentially selling incumbent.
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What is Strive's BTC yield and amplification ratio?
Strive disclosed a quarter-to-date BTC yield of 23.0%, a year-to-date yield of 36.7%, and an amplification ratio of 57.0%, while raising cash reserves to maintain an 18-month dividend buffer.
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What did Benchmark say about Strive stock?
Benchmark analyst Mark Palmer initiated coverage of Strive (ASST) with a Buy rating and a $32 price target, implying roughly 93% upside despite a 3.59% pre-market decline to $16.58.
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Where is bitcoin price trading after the Strategy sell-off?
Bitcoin fell to roughly $70,800 by Tuesday morning, down from above $74,000 the prior week, while open interest climbed to a near-record 773,000 BTC and funding rates stayed elevated at around 10% annualized.
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