Key Highlights
- Between May 13 and May 18, Strive acquired 382 Bitcoin in a transaction valued at $30.3 million, paying an average of $79,348 per unit.
- The company’s Bitcoin treasury has grown to 15,391 BTC, currently worth approximately $1.2 billion.
- Among publicly reported corporate Bitcoin treasuries, Strive holds the ninth position, trailing Hut 8 by roughly 300 BTC.
- The firm reports an 18.4% Bitcoin Yield year-to-date and maintains $87.3 million in available cash.
- Wall Street analysts have upgraded ASST targets, with TD Cowen at $30 and H.C. Wainwright at $38.
Strive, Inc., the company backed by Vivek Ramaswamy, has expanded its Bitcoin treasury with an acquisition of 382 additional coins, investing approximately $30.3 million during the five-day period from May 13 through May 18. The transaction details, disclosed in an SEC 8-K filing dated May 19, show an average acquisition cost of $79,348 per Bitcoin.
This recent acquisition pushes Strive’s cumulative Bitcoin position to 15,391 BTC, with a current market valuation hovering around $1.2 billion. ASST stock continues to attract increased scrutiny from market analysts as the corporation pursues one of the most assertive Bitcoin accumulation strategies among publicly traded companies.
The financing mechanism for these Bitcoin purchases differs from traditional corporate treasury strategies. Strive funds its acquisitions through offerings of Variable Rate Series A Perpetual Preferred Stock (SATA), avoiding conventional debt instruments entirely. The company maintains a zero-debt balance sheet.
According to the filing, Strive maintains $87.3 million in liquid assets, including cash and equivalents. Additionally, the firm holds a $49.8 million investment in Strategy’s STRC preferred shares.
The Texas-headquartered company has achieved an 18.4% Bitcoin Yield for the current year. Its amplification ratio—which quantifies Bitcoin exposure relative to market capitalization via SATA offerings—currently registers at 44.3%.
Strive’s Position Among Corporate Bitcoin Treasuries
With 15,391 Bitcoin in reserve, Strive occupies the ninth spot on the list of publicly reported corporate Bitcoin holders. The company finds itself positioned between Riot Platforms and Hut 8, with approximately 300 fewer coins than Hut 8’s total.
Strategy continues to dominate the corporate Bitcoin landscape significantly, maintaining a massive reserve of 843,738 Bitcoin. Strategy has also recently executed a substantial $2 billion Bitcoin acquisition.
Since the beginning of 2026, Strive has bolstered its treasury by over 2,200 BTC. The most recent 382-coin purchase was executed at a slight premium compared to the prevailing spot price of approximately $77,000, resulting in a minor unrealized loss on this particular batch. Nevertheless, Strive’s weighted average acquisition cost across its entire Bitcoin position remains favorable relative to current pricing.
Wall Street Upgrades Price Projections
Strive’s aggressive Bitcoin accumulation strategy has captured Wall Street’s attention, prompting several analyst revisions. TD Cowen recently elevated its ASST stock price target to $30, attributing the upgrade to enhanced capital efficiency following modifications to preferred share dividend structures.
H.C. Wainwright, after initially reducing its valuation estimate, has subsequently revised its target upward to $38. The firm cites consistent valuation fundamentals and the expansion of Strive’s Bitcoin holdings as key factors.
In a separate development announced this month, Strive revealed that SATA will commence daily cash dividend distributions beginning June 16, featuring an annualized rate of 13%. The company positions this as an unprecedented innovation in U.S. capital markets.
CEO Matthew Cole said: “SATA will be the first listed security in the history of U.S. capital markets to pay cash dividends every single Business Day.”
Strive has also recently concluded a debt facility arrangement and restructured the conditions of its preferred equity instruments. Previously, the company initiated a program to repurchase and retire convertible senior notes scheduled to mature in 2030, which were originally acquired through a Semler Scientific subsidiary.
As of the May 18 disclosure, Strive reported 63.66 million outstanding Class A common shares and roughly 9.87 million Class B shares. The company also completed the sale of 5.24 million shares of SATA preferred stock.
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