Key Highlights
- Between May 13 and May 18, Strive acquired 382 BTC for about $30.3 million, paying an average of $79,348 per Bitcoin.
- The company’s Bitcoin treasury now totals 15,391 BTC, with a current valuation of approximately $1.2 billion.
- Among publicly reporting corporate Bitcoin holders, Strive ranks ninth, trailing Hut 8 by roughly 300 BTC.
- The firm’s Bitcoin Yield for the year currently registers at 18.4%, while maintaining $87.3 million in available cash.
- Price target upgrades emerged from TD Cowen at $30 and H.C. Wainwright at $38 for ASST stock.
Vivek Ramaswamy-supported Strive, Inc. has expanded its Bitcoin treasury with an additional 382 BTC acquisition, deploying approximately $30.3 million during the period from May 13 through May 18. The company paid an average price of $79,348 per Bitcoin for these purchases, as disclosed in an 8-K filing with the SEC dated May 19.
With this recent acquisition, Strive’s cumulative Bitcoin reserves have reached 15,391 BTC, currently worth around $1.2 billion based on prevailing market rates. The ASST stock has increasingly captured analyst interest as the enterprise pursues one of the market’s most ambitious corporate Bitcoin accumulation programs.
The company finances these Bitcoin acquisitions by issuing its Variable Rate Series A Perpetual Preferred Stock (SATA), avoiding conventional debt instruments. Strive maintains a balance sheet free of traditional debt obligations.
According to the filing, Strive held $87.3 million in cash and equivalents as of the reporting date. Additionally, the company maintains a $49.8 million investment in Strategy’s STRC preferred stock.
The Dallas-headquartered company reports an 18.4% Bitcoin Yield for the year to date. Its amplification ratio—which gauges 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 reserve, Strive holds the ninth position among companies with publicly disclosed Bitcoin treasuries. The firm occupies the space between Hut 8 and Riot Platforms on this ranking, positioned approximately 300 BTC below Hut 8’s holdings.
Strategy maintains commanding leadership in this category with 843,738 Bitcoin. Strategy also completed a recent $2 billion Bitcoin acquisition.
Since the beginning of January 2026, Strive has accumulated over 2,200 BTC for its treasury. The most recent purchase of 382 Bitcoin occurred at a slight premium compared to the current spot price of approximately $77,000, resulting in a minor unrealized loss on this particular batch. Nonetheless, Strive’s overall average acquisition cost remains favorable relative to present market valuations.
Wall Street Revises Price Projections Upward
Strive’s Bitcoin accumulation strategy has garnered increased attention from Wall Street analysts. TD Cowen recently upgraded its price target for ASST stock to $30, attributing the adjustment to enhanced capital efficiency resulting from modifications to preferred share dividend structures.
H.C. Wainwright initially reduced its valuation estimate but subsequently revised it upward to $38, highlighting consistent valuation fundamentals and the expansion of Strive’s Bitcoin holdings.
In a separate development, Strive revealed this month that SATA will commence distributing daily cash dividends beginning June 16, featuring a 13% annualized yield. According to the company, this represents the inaugural instance of a U.S. capital markets security offering cash dividends on every business day.
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 also recently concluded a debt agreement and modified terms governing its preferred equity instruments. Previously, the company initiated repurchase and cancellation procedures for convertible senior notes maturing 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 and roughly 9.87 million Class B shares. The firm also disclosed the sale of 5.24 million shares of its SATA preferred stock.
