Strive Surpasses 15,000 BTC in Corporate Treasury

Strive Asset Management, a Dallas-based firm traded on Nasdaq under the ticker ASST, has surpassed 15,000 bitcoin in its corporate treasury after purchasing 444 BTC for 33.9 million dollars at an average price of 76,307 dollars per coin.

The acquisition, disclosed in a U.S. Securities and Exchange Commission Form 8-K filing and announced by CEO Matt Cole on X, builds on a recent purchase of 789 BTC on April 27 for 61 million dollars at an average of 77,890 dollars per coin. Those two buys, totaling nearly 95 million dollars over less than two weeks, elevated holdings from 14,557 BTC as of April 24 to the current level, valued at approximately 1.2 billion dollars at recent market prices. The transactions position Strive ninth among publicly disclosed corporate bitcoin holders worldwide, behind Coinbase with 15,389 BTC and ahead of Hut 8, while trailing Riot Platforms at 15,680 BTC.

Strive reported a quarterly bitcoin yield of 4.3 percent and a year-to-date yield of 18.7 percent alongside the announcement. The firm also issued 584,730 shares of its Variable Rate Series A Perpetual Preferred Stock, traded under SATA, in late April, achieving an amplification ratio of 43 that...