Key Takeaways:
- Strive bought 32 BTC for approximately $2.1 million and added to its Bitcoin treasury to 19,032 BTC.
- The purchase, which comes after a bigger 2,500 BTC deal made days earlier, emphasizes the company’s aggressive buying strategy.
- Despite its Bitcoin growth, Strive has reported its cash reserves and maintains access to capital via its equity programs.
Strive has once again increased its Bitcoin holdings, bringing its total to over 19,000 BTC. The acquisition is far smaller than the company’s recent conspicuous acquisitions, but it is a reaffirmation of management’s ongoing efforts to establish one of the biggest corporate Bitcoin treasuries on public exchanges.
Strive acquired an additional 32 $BTC for ~$2.1M at an average cost of ~$63,911 per bitcoin.$ASST $SATA pic.twitter.com/IrTRabfG8l
— Matt Cole (@ColeMacro) June 8, 2026
Strive Continues Relentless Bitcoin Accumulation
Strive reportedly bought a total of 32 Bitcoin between June 2 and June 7, paying an average price of around $63,911 per bitcoin, including transaction fees. The investment in the acquisition was approximately $2.1 million, and the company now holds 19,032 BTC, up from 19,000 BTC prior to the deal.
Read More: Bitcoin Search Explodes on Google Trends – Market Heats Up
The purchase follows Strive’s acquisition of 2,500 BTC for some $185.2 million, a much larger transaction, that took place a few days ago. That deal occurred at a median cost of $74,092 per Bitcoin, and was largely funded by cash raised from the company’s SATA preferred stock sale.
The recent acquisition was made at a time when the price of Bitcoin was much lower, enabling Strive to purchase more at a reduced rate. By making the purchase at the time, Strive was able to secure more Bitcoin at a lower rate. The company managed to acquire the new coins at a price approximately 14% cheaper than in the previous 2,500 BTC purchase, demonstrating its ability to capitalize on market dips while playing a long game.
Liquidity Improves While Bitcoin Holdings Expand
A significant thing about the new filing is that Strive added to its balance sheet despite buying more Bitcoin.
The company had cash and cash equivalents of around $139.2 million as compared to $137.3 million for the prior reporting period. The rise means that Strive is continuing to raise or raise and deploy funds quicker than it’s buying Bitcoin.
Capital Programs Support Treasury Growth
Strive also announced equity changes. The company’s at-the-market equity program resulted in an increase of 321,500 outstanding Class A common shares during the period.
These capital-raising methods have become more and more important for management to rely on, so that there is no major impact on the operation of the business, but rather the treasury continues to grow. Earlier this year, CEO Matt Cole announced plans to make big hikes to both the ASST and SATA at-the-market programs, which have seen strong investor demand, and the firm’s Bitcoin-focused strategy gaining more interest.
Meanwhile, the company continued to hold 505,000 shares of Strategy’s STRC preferred stock, but the fair value of the preferred stock investment fell slightly in the reporting period.
Read More: Bitcoin Turns 17 – A Hidden Genesis Block Message Still Moves Crypto Today
The post Strive Adds 32 More Bitcoin as Treasury Tops 19,000 BTC appeared first on CryptoNinjas.
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