Strive bought 759 Bitcoins worth about $50 million, marking its biggest weekly acquisition in months and surpassing Strategy’s recent BTC purchases.
Summary
- Strive bought 759 BTC for about $50 million, increasing its holdings to 19,864 Bitcoin.
- Weekly purchases exceeded Strategy 520 BTC acquisitions, a rare lead from a major business owner.
- Backed by its SATA preferred stock program, Strive continues to increase its Bitcoin treasury to a planned distribution of $4.2 billion.
According to a June 22 Form 8-K filed with the US Securities and Exchange Commission, the Dallas-based Bitcoin treasury company acquired the coins between June 15 and June 21 at an estimated value of $65,850 per Bitcoin, including fees and expenses. The transaction increased Strive’s total assets to 19,864 BTC.
At the reported purchase price, the acquisition was worth about $50 million. The buying spree represents a sharp increase from the company’s previous two weekly disclosures, which showed the purchase of 32 BTC and 73 BTC respectively, for an estimated $6.8 million.
While Strategy remains the world’s largest Bitcoin holder, Strive has accumulated more BTC during the most recent reporting week. The strategy revealed the purchase of 520 Bitcoin in the same period, making this one of the few times when a small treasury company added more Bitcoin than its larger competitor.
Strive has accelerated the collection of Bitcoin as well
The new SEC filing 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 was expanded by approximately 1.9 million shares to 71.8 million, reflecting continued work to raise capital through its 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 fell to about $44.7 million.
The latest purchase extends a rapid expansion that began after Strive entered the public Bitcoin treasury sector with its January 2026 merger with Semler Scientific. The transaction added 5,048 BTC to the company’s balance sheet at the close and provided the basis for its current fundraising strategy.
Since then, Strive has gradually expanded its Bitcoin storage space. The company crossed the BTC limit of 15,000 in early May and later disclosed a shipment of about 185 million dollars in early June which added about 2,500 Bitcoin in one week, which is one of the biggest acquisitions since becoming a public company.
The SATA subsidy model continues to support the purchase
A significant portion of Strive’s acquisition activity is funded through its Variable Rate A Perpetual Preferred Stock program, known as SATA. Preferred stocks currently offer a Bitcoin-linked dividend set at an average annual rate of 13%, calculated daily.
According to the company’s disclosure, the money collected through SATA and other programs in the market is directed towards the purchase of more Bitcoin. Strive Management has previously described Bitcoin as a measure against which it evaluates capital allocation decisions rather than just 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 $1.27 billion. The company’s filings show that its cost-to-earnings ratio remains above prevailing market prices, a position it shares with Strategy, which holds 847,363 BTC and is still the largest Bitcoin holding company in the world.
With the previously announced $4.2 billion remittance plan still in place, the latest filing suggests that Strive is continuing to expand its Bitcoin position as the second half of 2026 approaches.
