Strive purchased 759 Bitcoins for around $50 million, recording its largest weekly acquisition in months and surpassing Strategy’s last BTC purchase.
Summary
- Strive purchased 759 BTC for around $50 million, bringing its holdings to 19,864 Bitcoins.
- The weekly purchase surpassed Strategy’s acquisition of 520 BTC, a rare lead over the largest holding company.
- Supported by its SATA preferred stock program, Strive continues to expand its Bitcoin treasury toward a planned deployment of $4.2 billion.
According to a Form 8-K filed June 22 with the U.S. Securities and Exchange Commission, the Dallas-based Bitcoin Treasury acquired the coins between June 15 and 21 at an average price of approximately $65,850 per Bitcoin, including fees and expenses. The transaction brought Strive’s total holdings to 19,864 BTC.
At the reported purchase price, the acquisition was worth approximately $50 million. The wave of purchases represents a sharp increase from the company’s two previous weekly disclosures, which showed purchases of just 32 BTC and 73 BTC, respectively, for a total of around $6.8 million.
Although Strategy remains the largest Bitcoin holding company in the world, Strive has accumulated more BTC over the past reporting week. Strategy revealed the purchase of 520 Bitcoins over a similar period, making it one of the rare occasions where a smaller treasury company added more Bitcoin than its larger rival.
Strive further accelerated Bitcoin accumulation
New SEC filings also showed that Strive’s cash and cash equivalents fell from $141.4 million to $144.5 million during the reporting period. At the same time, the number of shares of the company’s Class A common stock increased by approximately 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 505,000-share position in Strategy’s Series A Floating Rate Perpetual Expandable Preferred Stock, known as STRC. According to the filing, the fair value of these holdings decreased slightly to approximately $44.7 million.
The latest purchase continues 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 laid 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 then disclosed a roughly $185 million rollout in early June that added around 2,500 Bitcoins in a single week, one of the largest acquisitions since it became a public company.
SATA financing model continues to support purchases
A significant portion of Strive’s purchasing activity was funded through its Series A Perpetual Floating Rate 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 information disclosed by the company, the capital raised through SATA and other programs in the market is intended for additional purchases of Bitcoin. 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 approximately $1.27 billion. Company filings indicate that its average acquisition cost remains higher than prevailing market prices, a position it shares with Strategy, which holds 847,363 BTC and remains the world’s largest Bitcoin holding company.
With a previously announced $4.2 billion capital deployment plan still in place, recent documents suggest Strive is continuing to expand its Bitcoin position heading into the second half of 2026.
