Strive Buys 759 BTC, Boosts Holdings to 19,864 BTC

Strive snaps up 759 BTC in a single week, outpacing Strategy

Strive purchased 759 Bitcoin for about $50 million during the week of June 15–21, according to a June 22 Form 8-K filing with the U.S. Securities and Exchange Commission. The Dallas-based public Bitcoin treasury company reported an average acquisition price of roughly $65,850 per BTC, including fees and expenses, bringing its total holdings to 19,864 BTC.

This purchase represents Strive's largest weekly buy in months and marks one of the rare occasions when a smaller public treasury added more Bitcoin in a reporting week than Strategy, the world's largest corporate BTC holder.

Key figures from the filing

• Purchased: 759 BTC
• Estimated cost: ~$50 million
• Average buy price: ~$65,850 per BTC (incl. fees)
• New total holdings: 19,864 BTC
• Cash & equivalents increased: from $141.4M to $144.5M
• Class A common shares outstanding: ~71.8M (up ~1.9M)

How this week’s buy compares to rivals and past activity

Last week Strive’s disclosures showed much smaller purchases — 32 BTC and 73 BTC in prior weekly reports — totaling roughly $6.8 million. By contrast, Strategy disclosed adding 520 BTC over a similar period, leaving Strive ahead for that reporting week.

While Strategy remains the dominant institutional Bitcoin holder (its total is far larger), Strive’s latest buying spree highlights how secondary public treasuries can accelerate accumulation during windows of opportunity. Strive’s average acquisition cost remains modestly above spot prices, a pattern it shares with other corporate holders that have aggressively bought during recent months.

Origin of Strive’s BTC position

Strive entered the public Bitcoin treasury market following its January 2026 merger with Semler Scientific. That transaction contributed 5,048 BTC at close and set the stage for the firm’s ongoing accumulation strategy. Since then, Strive crossed the 15,000 BTC milestone in early May and disclosed a roughly $185 million deployment in early June that added about 2,500 BTC in a single week — one of the company’s largest single-week purchases since going public.

Funding model: SATA preferred stock and at-the-market equity

A meaningful portion of Strive’s Bitcoin buys has been financed by its Variable Rate Series A Perpetual Preferred Stock program, known as SATA. Those preferred shares provide a Bitcoin-linked dividend structured at an annualized rate of 13%, calculated daily. Strive directs capital raised through SATA and other at-the-market (ATM) equity offerings into additional BTC purchases, reinforcing a repeated pattern of capital-raising tied directly to balance-sheet deployments.

Company filings show Strive’s cash and cash equivalents rose slightly during the reporting period, even as common shares outstanding expanded by roughly 1.9 million shares — evidence of persistent capital-raising activity alongside accumulation.

Balance sheet items and strategic holdings

Strive also continues to hold 505,000 shares in Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock (STRC). The filing listed the fair value of that position at about $44.7 million, a slight decline from prior valuations.

Based on Bitcoin prices near $64,000 at the time of reporting, Strive’s 19,864 BTC treasury is valued at roughly $1.27 billion. The company has signaled a long-term target: a previously announced $4.2 billion capital deployment plan remains active, indicating further BTC accumulation could continue into the second half of 2026.

What this means for investors and the Bitcoin market

Strive’s fresh buy underscores an ongoing institutional appetite for Bitcoin exposure via corporate treasuries and structured equity products. For investors watching corporate Bitcoin treasuries, the move illustrates how smaller public players can scale quickly using preferred-stock funding models and ATM offerings.

As corporate adoption of Bitcoin grows, filings like Strive’s 8-K provide timely insight into deployment pace, average acquisition costs, and capital structure choices — important datapoints for market watchers, institutional investors, and crypto-savvy retail traders tracking treasury flows.