Strive, Inc., backed by Vivek Ramaswamy, continued buying Bitcoin by spending over $30 million on BTC in the second week of May.
The company’s latest report shows that Strive bought 381.61 Bitcoin between May 13 and May 18 at an average price of about $79,348 per BTC, excluding transaction fees. This brings Strive’s total Bitcoin holdings to 15,391 BTC, keeping it among the largest corporate holders worldwide.
Strive is now only a few hundred BTC away from passing Hut 8 in total Bitcoin holdings.
Strive also shared updated liquidity numbers. As of May 18, the company had about $87.3 million in cash and cash equivalents, and nearly $50 million in preferred stock from Strategy.
The company provided more information about its share structure and recent financing, including the sale of over 5 million shares in its preferred stock offering, called SATA.
Strive’s latest filing comes as more public companies compete to grow their Bitcoin reserves amid rising institutional interest in digital assets. Many companies now see Bitcoin as a way to diversify their treasury and protect against inflation and monetary instability.
Analysts have updated their views on the company in recent weeks. TD Cowen raised its target price for Strive shares, citing improved capital efficiency and a stronger balance sheet. H.C. Wainwright also increased its valuation target after lowering it earlier this year.
Even with Strive’s growing Bitcoin holdings, Strategy is still the clear leader in corporate Bitcoin accumulation. The company recently added $2 billion more in Bitcoin to its balance sheet, continuing its approach of large BTC purchases.
These recent events show that corporate Bitcoin adoption is moving from a niche idea to a wider trend among institutions in financial markets.
Strive acquired an additional 382 $BTC for ~$30.3 million at an average cost of ~$79,348 per bitcoin.
STRIVE SNAPSHOT
Bitcoin holdings: 15,391
QTD BTC Yield: 6.6%
YTD BTC Yield: 18.4%
Amplification ratio: 44.3%$ASST $SATA pic.twitter.com/UbOTJfJZvW— Matt Cole (@ColeMacro) May 19, 2026
You need to login in order to Like
Leave a comment