Home Strive Buys $50M Worth Of Bitcoin, Holdings Cross 19,000 BTC

Strive Buys $50M Worth Of Bitcoin, Holdings Cross 19,000 BTC

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Strive Buys $50M Worth Of Bitcoin, Holdings Cross 19,000 BTC
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Strive Inc. has boosted its Bitcoin treasury by buying 759 BTC for about $50 million, bringing its total holdings to over 19,000 Bitcoin. With this latest purchase, Strive now holds around 19,105 BTC, valued at more than $1.2 billion at current prices. This move strengthens the company’s place among the largest corporate Bitcoin holders worldwide.

A recent regulatory filing shows Strive bought the Bitcoin between June 15 and June 21 at an average price of $65,850 per coin. The company, listed on NASDAQ as ASST, is now one of the top corporate Bitcoin holders worldwide.

This latest purchase adds to a busy year for Strive. In May, the company bought over 2,500 BTC for about $185 million. It made another smaller purchase in June before acquiring the most recent 759 BTC.

Since early 2026, Strive has added over 3,700 BTC to its balance sheet. The company has used both direct market purchases and strategic deals to grow its holdings. Management has made it clear that Bitcoin is central to its long-term strategy.

Unlike some competitors that mainly use debt or common stock, Strive has funded part of its Bitcoin purchases with SATA perpetual preferred stock. This lets the company raise money without much dilution for current shareholders. However, this method comes with obligations, such as a recently raised 13% dividend rate.

Strive also reported improved liquidity, with cash and cash equivalents now at about $141.4 million. The company still holds a significant investment in Strategy’s preferred stock products.

This strategy could bring big gains if Bitcoin prices keep rising, but it also increases the company’s exposure to crypto market swings. A long downturn could hurt profits, especially with the dividend commitments tied to its preferred shares.

Bitcoin has recently begun to recover, boosting confidence among corporate treasury buyers. As more institutions get involved, Strive seems set to keep growing its position whenever the market allows.

 

 

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Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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