Key Highlights
- Between May 13–18, Strive acquired 382 BTC for about $30.3 million, paying an average of $79,348 per Bitcoin.
- The company’s Bitcoin reserves now total 15,391 BTC, worth approximately $1.2 billion at current prices.
- Among public companies with disclosed Bitcoin holdings, Strive ranks ninth, trailing Hut 8 by roughly 300 BTC.
- The firm reports an 18.4% Bitcoin Yield year-to-date, maintaining $87.3 million in available cash.
- H.C. Wainwright set a $38 price target for ASST; TD Cowen established a $30 target.
Strive, Inc., backed by Vivek Ramaswamy, has expanded its Bitcoin treasury with an additional 382 coins, deploying approximately $30.3 million over a six-day period from May 13 through May 18. The acquisition came at an average price point of $79,348 per Bitcoin, as disclosed in an SEC 8-K filing dated May 19.
With this recent acquisition, Strive’s cumulative Bitcoin position has reached 15,391 BTC, currently worth around $1.2 billion based on prevailing market rates. The ASST stock has attracted increased attention from Wall Street analysts as the firm pursues one of the most ambitious corporate Bitcoin accumulation programs in the industry.
To finance these acquisitions, Strive has leveraged its Variable Rate Series A Perpetual Preferred Stock (SATA) rather than traditional borrowing methods. The company maintains a debt-free balance sheet with no conventional financing obligations.
At the time of the filing, Strive disclosed $87.3 million in cash reserves and cash-equivalent assets. Additionally, the company maintains a $49.8 million investment in Strategy’s STRC preferred stock.
The Dallas-headquartered company has achieved an 18.4% Bitcoin Yield since the beginning of the year. Its amplification ratio — which tracks Bitcoin exposure relative to market capitalization through SATA issuances — currently stands at 44.3%.
Strive’s Position Among Corporate Bitcoin Holders
With 15,391 BTC in its treasury, Strive holds the ninth-largest publicly disclosed corporate Bitcoin position. The company sits between Riot Platforms and Hut 8 on the corporate holdings leaderboard, approximately 300 BTC away from surpassing Hut 8’s position.
Strategy maintains a commanding lead among corporate Bitcoin holders with 843,738 coins. The company recently expanded its position with a substantial $2 billion Bitcoin purchase.
Strive has accumulated over 2,200 BTC since the start of 2026. The most recent purchase of 382 Bitcoin occurred at a slight premium compared to the current spot price near $77,000, resulting in a minor unrealized loss on this particular tranche. Nevertheless, the company’s overall cost basis across its entire Bitcoin position remains favorable relative to present market valuations.
Wall Street Target Price Revisions
Investment analysts have responded positively to Strive’s aggressive Bitcoin accumulation strategy. TD Cowen recently established a $30 price target for ASST, highlighting enhanced capital efficiency resulting from modifications to preferred share dividend structures.
H.C. Wainwright initially reduced its valuation but subsequently increased it back to $38, emphasizing consistent valuation fundamentals and the expansion of Strive’s Bitcoin holdings.
In a separate announcement, Strive revealed that SATA will transition to daily cash dividend payments beginning June 16, with a 13% annualized yield. According to the company, this represents an unprecedented structure in U.S. capital markets.
CEO Matthew Cole stated: “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 dissolved a previous debt arrangement and restructured the terms governing its preferred equity instruments. Previously, the company initiated the buyback and retirement of convertible senior notes scheduled to mature in 2030, which were originally acquired through a Semler Scientific subsidiary.
As of May 18, Strive reported 63.66 million outstanding Class A common shares alongside approximately 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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