Strive Asset Management recently bought 2,500 Bitcoin for about $185.2 million, according to a regulatory filing. The purchase happened between May 23 and June 1 at an average price of $74,092 per Bitcoin. This brings Strive’s total holdings to 19,000 BTC, making it one of the largest publicly traded corporate holders of Bitcoin.
Strive bought this batch of Bitcoin at a lower average price than its previous purchase in May, likely taking advantage of a recent market dip. Bitcoin prices have been volatile, dropping from over $74,000 to about $70,800 before rebounding slightly.
Strive reported a 23% Bitcoin yield for the quarter so far and a 36.7% yield for the year to date. These numbers show how much Bitcoin holdings have grown per share, a common way for Bitcoin treasury firms to show value for shareholders. Strive also said it has enough cash reserves to cover dividends for the next 18 months.
This news comes at a notable time for the market. As Strive was buying more Bitcoin, industry leader Strategy surprised investors by selling 32 BTC for about $2.5 million. While this is a small part of Strategy’s large holdings, the sale sparked investor discussion and occurred during a period of weakness in the crypto market.
Benchmark analyst Mark Palmer initiated coverage of Strive with a Buy rating and a $32 price target. This suggests there could be strong growth from current prices, even though Strive’s shares saw some short-term pressure in pre-market trading.
This recent purchase shows that companies still have strong demand for Bitcoin, even with market ups and downs. Many firms continue to see Bitcoin as a long-term reserve asset.
Strive acquired an additional 2,500 $BTC for ~$185.2M at an average cost of ~$74,092 per bitcoin.
STRIVE SNAPSHOT
Bitcoin holdings: 19,000
QTD BTC Yield: 23.0%
YTD BTC Yield: 36.7%
Amplification ratio: 57.0%Cash was increased to maintain 18-month dividend reserve.$ASST $SATA pic.twitter.com/eTPHmMHBh1
— Matt Cole (@ColeMacro) June 2, 2026
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