Strive Ramps Up Bitcoin Purchases While Treasury Reaches 19,864 BTC - Blockonomi

by · Blockonomi

TLDR

Table of Contents

Toggle

  • Strive purchased 759 BTC between June 15 and June 21 at an average price of $65,850 per coin.
  • The acquisition increased Strive’s total Bitcoin holdings to 19,864 BTC.
  • CEO Matt Cole said the company is buying Bitcoin “hand over fist” during market declines.
  • Strive built its Bitcoin treasury from zero to 19,864 BTC in less than a year.
  • The company reported a Q1 2026 Bitcoin yield of more than 15%.

Strive expanded its Bitcoin holdings again after acquiring 759 BTC between June 15 and June 21. The purchase lifted the company’s treasury to 19,864 BTC, while CEO Matt Cole said the firm is buying Bitcoin “hand over fist” during market declines. The latest acquisition places Strive among the largest corporate Bitcoin holders globally and extends a buying strategy that has accelerated throughout 2026.

Strive Expands Bitcoin Holdings Through Repeated Purchases

Strive disclosed that it acquired 759 BTC at an average price of $65,850 per coin. As a result, the company’s Bitcoin treasury reached 19,864 BTC. The total now ranks as the seventh-largest corporate Bitcoin position worldwide.

Cole discussed the strategy during an interview with Bloomberg. He said the company is buying Bitcoin “hand over fist” as prices move lower. The statement came alongside details of the latest treasury expansion.

The company has increased its holdings rapidly during the past year. It built the position from zero in less than 12 months. The pace of acquisitions continued throughout June.

Earlier this month, Strive purchased 73 BTC at an average price of $63,646. It also acquired 32 BTC at an average price of $63,900. Those transactions occurred while Bitcoin traded below earlier highs.

The company also added larger positions during spring. It acquired 2,500 BTC at an average price of $74,092. It later purchased another 1,109 BTC at an average price of $76,989.

Before joining Strive, Cole managed a $70 billion portfolio at CalPERS. He also worked with the Federal Reserve and the U.S. Treasury during quantitative easing programs. He has since tied the company’s capital allocation strategy directly to Bitcoin performance.

Bitcoin Treasury Strategy Grows After Semler Acquisition

Cole has stated that Bitcoin serves as the hurdle rate for company investments. Under that framework, Strive compares investment opportunities against Bitcoin returns. The company reported a Q1 2026 Bitcoin yield exceeding 15%.

In January 2026, Strive completed an all-stock acquisition of Semler Scientific. The transaction marked the first takeover between two publicly traded Bitcoin treasury companies. Semler contributed 5,048 BTC to the combined balance sheet.

The acquisition pushed Strive ahead of both Tesla and Trump Media in corporate Bitcoin rankings. After the deal closed, the company eliminated Semler’s existing debt obligations. It then deployed another $29 million into Bitcoin purchases.

Strive has also outlined plans to monetize Semler’s operating business. The company expects that process to occur within 12 months of the acquisition. Those plans remain separate from ongoing Bitcoin accumulation efforts.

The company has authorization to raise up to $4.2 billion in fresh capital. Half would come through Class A common stock offerings under the ASST ticker. The remaining amount would come through SATA preferred shares.

SATA is a Variable Rate Perpetual Preferred Stock instrument. Strive designed the product to provide exposure to Bitcoin yield. At launch, the product absorbed an estimated 490 BTC in one day.

The company said that volume exceeded daily global Bitcoin mining output. Strive became the second public company to introduce this type of perpetual preferred equity structure. The proceeds from both capital programs are earmarked for future Bitcoin purchases.

Strive currently holds 19,864 BTC on its balance sheet. The company also retains access to up to $4.2 billion in potential capital. Those resources remain dedicated to continued Bitcoin acquisitions.

Advertise Here