Strive bought 759 Bitcoin for roughly $50 million, marking its largest weekly acquisition in months and surpassing Strategy’s recent BTC purchase.
summary
- Strive purchased 759 BTC for approximately $50 million, increasing its holdings to 19,864 BTC.
- The weekly purchase surpassed Strategy’s holding of 520 BTC, a rare lead over the company’s largest holder.
- With support from the SATA Preferred Equity Program, Strive continues to expand its Bitcoin treasury towards a planned deployment of $4.2 billion.
According to the June 22 Form 8-K foot In cooperation with the US Securities and Exchange Commission, the Dallas-based bitcoin treasury firm acquired the coins between June 15 and June 21 at an average price of about $65,850 per bitcoin, including fees and expenses. This transaction brought Strive’s total holdings to 19,864 BTC.
At the announced purchase price, the acquisition was valued at approximately $50 million. The buying spree represents a sharp increase from the company’s previous two weekly disclosures, which showed only purchases 32 Bitcoin and 73 bitcoins, respectively, for a total of about $6.8 million.
While Strategy remains the world’s largest Bitcoin holder, Strive collected more Bitcoin during the latest reporting week. strategy It has been detected Purchasing 520 BTC over a similar period, making this one of the few occasions where a smaller treasury firm has added more BTC than its larger competitor.
The quest has accelerated the Bitcoin accumulation process once again
New SEC filings also showed that Strive’s cash and cash equivalents rose from $141.4 million to $144.5 million during the reporting period. Meanwhile, the number of Class A common shares expanded by approximately 1.9 million shares to 71.8 million, indicating continued capital raising activity through the market equity program.
Elsewhere on the balance sheet, Strive maintained its 505,000-share position in Strategy A Series Variable Rate Preferred Stock, known as STRC. According to the filing, the fair value of those properties dropped to about $44.7 million.
The latest purchase extends the rapid expansion that began after Strive entered the Bitcoin public treasury sector until January 2026. merger With Semler Scientific. The transaction added 5,048 BTC to the company’s balance sheet upon closing and provided the basis for the current accumulation strategy.
Since then, Strive has steadily increased its Bitcoin reserves. Company crossed Threshold of 15,000 BTC in early May and later revealed nearly $185 million was deployed in early June. He added about 2,500 bitcoins In one week, one of the largest acquisitions since going public.
The SATA financing model continues to support purchases
Much of Strive’s purchasing activity has been funded through its Series A variable rate perpetual preferred stock program, known as sata. The preferred stock currently offers Bitcoin-linked dividends at an annual rate of 13%, calculated daily.
According to company disclosures, capital raised through SATA and other market programs is directed toward additional Bitcoin purchases. Strive Management has previously described Bitcoin as the benchmark by which capital allocation decisions are evaluated rather than simply a reserve asset held on a balance sheet.
Based on Bitcoin (Bitcoin) Prices approach $64,000, and Strive’s treasury of 19,864 BTC is currently valued at around $1.27 billion. Company filings indicate that the average acquisition cost remains higher than prevailing market prices, a position it shares with Strategy, which holds 847,363 BTC and remains the largest holder of BTC globally.
With the above Announce The $4.2 billion capital deployment plan remains in place, and recent filings indicate that Strive is continuing to expand its Bitcoin position heading into the second half of 2026.
