Strive buys 1,109 bitcoin for $85 million, reaching seventh place among public corporate holders

Strive Asset Management bought 1,109 bitcoin for roughly $85 million between May 19 and May 22, pushing its total holdings to 16,500 BTC and cementing its position as the seventh-largest public corporate bitcoin holder, according to a filing released May 26.

The purchases were completed at an average price of $76,989 per bitcoin, representing an investment of roughly $85 million.

The expanded Strive Bitcoin Treasury now ranks seventh among public companies holding bitcoin on their balance sheets, placing the company alongside a growing group of corporate issuers increasingly using bitcoin as a treasury reserve asset.

The move comes as Strive’s stock, trading under ASST, has surged sharply over the last three months, with investors increasingly viewing the company as both a listed equity and a proxy for bitcoin exposure.

Strive Bitcoin Treasury reaches 16,500 BTC

The latest addition marks another major step in the company’s broader accumulation strategy.

According to Strive’s May 26 filing, the Strive Bitcoin Treasury now holds 16,500 BTC after last week’s acquisition.

The company also reported $93.3 million in cash and cash equivalents, up from $87.3 million previously, strengthening liquidity alongside bitcoin reserves.

“The Company purchased 1,109 bitcoin between May 19 and May 22, 2026,” — Strive Asset Management, in its May 26 filing.

The filing also noted that Strive’s holdings in Strategy preferred stock have risen above $50 million.

That combination of direct bitcoin ownership, cash reserves, and exposure to bitcoin-related securities continues to shape the company’s balance sheet strategy.

For investors tracking corporate adoption, the Strive Bitcoin Treasury reflects a broader trend in which listed companies are actively building bitcoin reserves while treating treasury management as part of shareholder value creation.

Strive Bitcoin Treasury supports ASST stock rally

Investor demand has closely followed the company’s bitcoin strategy.

ASST shares have climbed 133% over the past three months, outperforming many other bitcoin treasury-linked equities during the same period.

While the stock remains below its 2025 peak, recent gains have reinforced the market’s view of the Strive Bitcoin Treasury as a core driver of the company’s valuation.

As bitcoin treasury firms continue gaining attention, public markets increasingly price them based not only on operating fundamentals but also on balance sheet bitcoin exposure and access to capital.

Strive said it is reviewing potential updates to its at-the-market programs tied to Class A common stock and SATA preferred stock.

Those programs could give the company greater flexibility to issue equity and raise fresh capital for additional bitcoin purchases if market conditions remain favorable.

The Strive Bitcoin Treasury strategy mirrors a broader financing trend among public bitcoin holders, many of which continue using equity markets and balance sheet restructuring to expand reserves.

Strive Bitcoin Treasury adds SATA income strategy

Alongside bitcoin accumulation, the Strive Bitcoin Treasury strategy is also expanding through a new income-focused security.

The company confirmed plans to begin daily cash dividend distributions on June 16 through SATA preferred stock.

Strive described the product as the first U.S.-listed security structured to pay cash dividends every business day.

“SATA is designed to pay cash dividends every business day,” — Strive Asset Management, in its filing.

The preferred stock carries a stated annual rate of 13%, with daily compounding raising the effective annual yield to approximately 13.88%.

The product is aimed at investors seeking regular income and short-duration yield alternatives while allowing Strive to diversify funding options connected to the Strive Bitcoin Treasury.

At the same time, the company said it has eliminated outstanding debt and removed leverage, margin exposure, and encumbered bitcoin from its balance sheet.

That conservative balance sheet positioning may provide added flexibility if Strive decides to continue expanding the Strive Bitcoin Treasury in coming months.

As competition among corporate bitcoin holders intensifies, treasury strategy is becoming increasingly tied to financing discipline and shareholder expectations.

For Strive, the latest acquisition reinforces a clear strategy: accumulate bitcoin, maintain capital flexibility, and position the Strive Bitcoin Treasury as a central pillar of its long-term market narrative as corporate demand for digital asset reserves continues to expand.