Strive's Bitcoin Expansion
Strive Acquires 759 Bitcoin for $50 Million, Boosting Total Treasury Past $1.2 Billion
Anonymous
Key Points
1
Strive confirmed the purchase via an SEC Form 8-K filed June 22, 2026, stating the company bought 759 BTC during June 15–21 and bringing total holdings to 19,864 BTC.
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Alongside the BTC buys, Strive’s balance sheet showed cash and cash equivalents rising from $141.4 million to $144.5 million, with its Class A share count increasing by about 1.9 million shares to 71.8 million—attributed to continued capital raises through its at-the-market equity program.
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Strive kept its Strategy Variable Rate Series A Perpetual Stretch Preferred Stock holdings unchanged at 505,000 shares, but the fair value of that stake ticked down slightly to about $44.7 million.
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The company’s current BTC buildout traces back to its January 2026 merger with Semler Scientific, which brought 5,048 BTC onto Strive’s balance sheet at close.
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Strive’s prior large acquisition before this latest tranche included a deployment of roughly $185 million in early June to buy approximately 2,500 BTC at an average price around $74,092 per coin.
Strive Inc. bought 759 bitcoin for roughly $50 million between June 15 and June 21, paying an average of $65,850 per coin. The Dallas-based company filed a Form 8-K with the SEC on June 22 confirming the purchase, which pushed its total bitcoin holdings to 19,864 BTC — worth about $1.31 billion at current prices, according to Bitcoin Magazine.
The buy marks a sharp acceleration from the two prior weeks, when Strive picked up just 32 BTC and 73 BTC combined. It also slightly outpaced rival Strategy Inc., which bought 520 BTC for $34.9 million in the same general timeframe, Cryptopolitan reported.
A $50 Million Buy at an 11% Discount
Strive's latest purchase came in at $65,850 per coin — about 11% cheaper than the $74,092 average it paid in early June. That earlier June tranche cost $185 million and netted roughly 2,500 BTC. The new buy puts the company firmly in accumulation mode after two weeks of near-dormancy, according to GuruFocus.
The $65,850 price sits in the middle of bitcoin's recent $60,000–$70,000 trading range. CEO Matt Cole publicly confirmed the same quantity and cost basis on social media the same day the SEC filing dropped. He did not specify whether the coins were bought on exchanges or through over-the-counter desks.
Balance Sheet Grows as Share Count Rises
Alongside the bitcoin buy, Strive's cash and cash equivalents climbed from $141.4 million to $144.5 million. Its Class A share count rose by about 1.9 million shares to 71.8 million total, per the 8-K filed with the SEC. That increase is tied to the company's at-the-market equity program, which sells shares continuously to raise fresh capital.
Analysts at Stock Titan flagged the share-count growth as a potential concern for existing holders. While bitcoin per share is the goal, issuing new shares to fund purchases dilutes current Class A investors. Strive kept its holding of 505,000 Strategy preferred shares unchanged, though their fair value dipped slightly to about $44.7 million.
Strive's Treasury Roots in the Semler Merger
Strive's bitcoin pile didn't start from zero. When its merger with Semler Scientific closed on January 16, 2026, the company absorbed 5,048 BTC from Semler's balance sheet. That single event pushed Strive's total to about 12,798 BTC overnight. Chief Strategy Officer Avik Roy was brought on at closing to manage Semler's legacy healthcare business while the combined firm chased bitcoin, Bitcoin Magazine reported.
By May 14, 2026, Strive's Q1 filing showed holdings at 15,009 BTC. The company had bought 1,381 BTC between April 1 and May 12 at an average price of $76,524 per coin. The pace has only quickened since. Chief Investment Officer Ben Werkman recently warned at BTC Prague that firms using debt to buy bitcoin face real pressure during price dips — Strive, by contrast, funds buys through equity and preferred stock issuance.
Strive Outpaces Strategy as Saylor Builds a Cash Cushion
Strategy Inc. remains the world's largest corporate bitcoin holder at 847,363 BTC. But its 520-BTC purchase this week was described as its smallest 2026 buy so far, per Cryptopolitan. Michael Saylor is instead focused on building a $1.4 billion USD liquidity reserve to support what he calls "Digital Credit" quality — a more cautious approach than Strive's aggressive accumulation.
Strive's CIO Werkman has predicted that sliding bitcoin prices will push weaker treasury companies into mergers. The Strive-Semler deal is already seen as an early example of that consolidation trend. For now, Strive is betting that buying bitcoin at $65,850 — funded by equity, not debt — is the right side of that trade, Crypto Briefing noted.
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