Strive acquires 1,109 bitcoin, raising total holdings to 16,500 coins

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Strive acquires 1,109 bitcoin, raising total holdings to 16,500 coins ASST climbs 133% in three months as Strive grows holdings to 16,500 BTC and explores fresh capital raising options. What to know: - Strive’s latest bitcoin purchase of 1,109 BTC makes it the seventh-largest publicly traded corporate holder of bitcoin. - The company is considering refreshed at-the-market programs for its Class A common stock and SATA preferred stock Strive (ASST) purchased 1,109 bitcoin at an average price of roughly $76,989 per coin in the four days ended May 22, according to a Tuesday filing. The latest acquisition brings the company’s total bitcoin holdings to 16,500 BTC, up from 15,391 BTC. Strive is now the seventh-largest publicly traded company holding bitcoin. Alongside the increase in bitcoin holdings, Strive also reported higher cash and cash equivalents, which rose to $93.3 million from $87.3 million. The company’s holdings of Strategy Inc.’s STRC preferred stock also increased slightly in value to over $50 million. The company also disclosed it is evaluating a refresh of its at-the-market programs tied to both its Class A common stock and SATA preferred stock, signaling additional flexibility for future capital raises and bitcoin purchases. Shares of ASST have surged 133% over the past three months, dramatically outperforming other bitcoin treasury firms, though they remain lower by more than 90% from their 2025 high. ASST is higher by 3% premarket alongside bitcoin's rise back to $77,000 over the weekend. More For You Michael Saylor and team funded the repurchases using cash as it restructures liabilities tied to its BTC treasury strategy. What to know: - Strategy repurchased $1.5 billion of its 0% convertible senior notes due 2029 for $1.38 billion in privately negotiated transactions. - Strategy used cash to buy the debt, which lowered the company's cash reserve to $871 million - MSTR is higher by 1.9% premarket alongside a modest increase in the price of bitcoin...

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