What to know:
- Strive’s latest bitcoin purchase of 1,109 BTC makes it the seventh-largest publicly traded corporate holder of bitcoin.
- The company is considering refreshed at-the-market programs for its Class A common stock and SATA preferred stock
According to a filing made on Tuesday, Strive (ASST) bought 1,109 Bitcoin over four days, ending May 22nd, at an average price of about $76,989 each.
With this recent purchase, the company now holds a total of 16,500 Bitcoin, an increase from its previous holdings of 15,391 BTC. This makes Strive the seventh-largest publicly traded company to own Bitcoin.
Strive increased its bitcoin investments and also saw a rise in its cash reserves, growing from $87.3 million to $93.3 million. The value of its preferred stock in Strategy Inc. (STRC) also went up slightly, exceeding $50 million.
The company announced it’s considering updates to its programs for selling stock, including both common and preferred shares. This would give them more options for raising money in the future and buying Bitcoin.
Over the last three months, ASST stock has jumped 133%, significantly better than other companies investing in Bitcoin. However, the stock is still down over 90% from its peak in 2025.
ASST is higher by 3% premarket alongside bitcoin’s rise back to $77,000 over the weekend.
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2026-05-26 15:59