CoinDesk
Strive (ASST) purchased 1,109 bitcoin at an average price of roughly $76,989 per coin in the four days ended May 22, according to a Tuesday filing. The acquisition lifts total holdings to 16,500 BTC from 15,391, making Strive the seventh-largest publicly traded corporate holder of bitcoin.
The company also reported cash and cash equivalents rising to $93.3 million from $87.3 million, with its position in Strategy Inc.'s STRC preferred stock ticking higher to over $50 million. The treasury build, combined with the disclosed evaluation of refreshed at-the-market programs on both its Class A common stock and SATA preferred, gives Strive additional flexibility to fund further bitcoin accumulation.
Why it matters
Strive's positioning matters less for the absolute 1,109 BTC bought — a fraction of a day's network output — and more for the velocity of the corporate-treasury playbook it now embodies. A company that has climbed into the top 10 of public corporate bitcoin holders in a matter of months, is weighing fresh ATM capacity on both common and preferred, and whose shares are up 133% over the past three months despite still trading more than 90% below their 2025 high, is the kind of equity wrapper that broadens BTC's institutional floor. The STRC holding, nominally a Strategy-linked position, is also a quiet signal of cross-pollination between the two largest pure-play treasury operators.
Market impact
ASST traded 3% higher in the premarket alongside bitcoin's push back to the $77,000 level, continuing a run that has put it well ahead of peer treasury firms on a three-month basis. The disclosure window for further accumulation is now open: an ATM refresh on Class A common and SATA preferred removes one of the constraints on the cadence of future buys, meaning the gap between Strive and the holders ranked just above it is the more relevant metric than the 1,109-coin print itself. Watch the next 8-K for the actual ATM size, the realized average price, and any change in STRC exposure — those three numbers will set the floor for the next leg of the buying programme.
Frequently asked questions
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How much bitcoin did Strive buy in this latest purchase?
Strive purchased 1,109 BTC at an average price of roughly $76,989 per coin in the four days ended May 22, per a Tuesday filing.
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What is Strive's total bitcoin holding after this buy?
The acquisition lifts Strive's total bitcoin reserves to 16,500 BTC, up from 15,391 BTC, and makes it the seventh-largest publicly traded corporate holder of bitcoin.
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Why are the at-the-market (ATM) program updates important?
Strive disclosed it is evaluating a refresh of ATM programs on both its Class A common stock and SATA preferred stock, which would give the company additional flexibility to fund further bitcoin purchases through future capital raises.
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How has Strive's stock performed recently?
ASST is up 133% over the past three months, dramatically outperforming other bitcoin treasury firms, though the shares remain more than 90% below their 2025 high. ASST was higher by 3% in premarket trading on the news.
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What other balance-sheet moves did Strive disclose?
Cash and cash equivalents rose to $93.3 million from $87.3 million, and Strive's position in Strategy Inc.'s STRC preferred stock ticked higher to over $50 million.
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