Strive has continued to build on its bitcoin accumulation strategy, driving a sharp rebound in its stock while exploring new ways to raise capital.
The company revealed in a recent filing that it purchased 1,109 bitcoin over the four days ending May 22, at an average price of about $76,989 per coin. The latest buy increases its total holdings to 16,500 BTC, up from 15,391 BTC, positioning Strive as the seventh-largest publicly traded holder of bitcoin.
Alongside its growing crypto reserves, Strive reported an improvement in its balance sheet. Cash and cash equivalents rose to $93.3 million from $87.3 million, while the value of its holdings in Strategy Inc.’s STRC preferred shares edged higher to more than $50 million.
The firm also said it is reviewing potential updates to its at-the-market (ATM) programs linked to both its Class A shares and SATA preferred stock. This signals that Strive is seeking added flexibility to raise funds, which could support further bitcoin purchases.
ASST shares have surged 133% over the past three months, significantly outperforming many other bitcoin treasury companies, though the stock remains down more than 90% from its 2025 peak.
In early trading, the stock was up about 3%, moving in line with bitcoin’s recovery toward the $77,000 level over the weekend.
