Strive snaps up 759 BTC in move that eclipses Strategy

Strive has purchased 759 Bitcoin for roughly $50 million, recording its largest weekly acquisition in months and surpassing Strategy’s latest BTC purchase.

According to a June 22 Form 8-K filed with the U.S. Securities and Exchange Commission, the Dallas-based Bitcoin treasury company acquired the coins between June 15 and June 21 at an average price of about $65,850 per Bitcoin, including fees and expenses. The transaction lifted Strive’s total holdings to 19,864 BTC.

At the reported purchase price, the acquisition was worth approximately $50 million. The buying spree represented a sharp increase from the company’s previous two weekly disclosures, which showed purchases of just 32 BTC and 73 BTC, respectively, totaling around $6.8 million.

While Strategy remains the world’s largest corporate Bitcoin holder, Strive accumulated more BTC during the latest reporting week. Strategy disclosed the purchase of 520 Bitcoin over a similar period, making this one of the few occasions when a smaller treasury company added more Bitcoin than its larger rival.

Strive has accelerated Bitcoin accumulation again

Fresh SEC filings also showed that Strive’s cash and cash equivalents increased from $141.4 million to $144.5 million during the reporting period. At the same time, the company’s Class A common stock count expanded by roughly 1.9 million shares to 71.8 million, indicating continued capital raising activity through its at-the-market equity program.

Elsewhere on the balance sheet, Strive maintained its position of 505,000 shares in Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, known as STRC. According to the filing, the fair value of those holdings edged lower to approximately $44.7 million.

The latest purchase extends a rapid expansion that began after Strive entered the public Bitcoin treasury sector through its January 2026 merger with Semler Scientific. The transaction added 5,048 BTC to the company’s balance sheet at closing and provided the foundation for its current accumulation strategy.

Since then, Strive has steadily increased its Bitcoin reserves. The company crossed the 15,000 BTC threshold in early May and later disclosed a roughly $185 million deployment in early June that added about 2,500 Bitcoin in a single week, one of the largest acquisitions since becoming a public company.

SATA funding model continues to support purchases

A significant portion of Strive’s buying activity has been funded through its Variable Rate Series A Perpetual Preferred Stock program, known as SATA. The preferred shares currently offer a Bitcoin-linked dividend structured at an annualized rate of 13%, calculated daily.

According to company disclosures, capital raised through SATA and other at-the-market programs is directed toward additional Bitcoin purchases. Strive Management has previously described Bitcoin as the benchmark against which it evaluates capital allocation decisions rather than simply a reserve asset held on the balance sheet.

Based on Bitcoin (BTC) prices near $64,000, Strive’s treasury of 19,864 BTC is currently valued at roughly $1.27 billion. Company filings indicate that its 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.

With a previously announced $4.2 billion capital deployment plan still in place, recent filings suggest Strive continues to expand its Bitcoin position as the second half of 2026 approaches.