Strive purchased 21 bitcoin between July 13 and July 17 at an average price of $63,221 per coin, according to an 8-K filing with the Securities and Exchange Commission on Monday. The $1.3 million acquisition brought the Dallas-based treasury company's total bitcoin holdings to 19,921 BTC, up from 19,900 BTC. The purchase was funded as Strive's cash and cash equivalents rose $3.3 million to $157.4 million as of July 17, compared to $154.1 million a week earlier. Strive operates a bitcoin treasury accumulation model funded through perpetual preferred equity issuance rather than convertible debt.
Strive Purchases 21 Bitcoin at $63,221 Average Price
Strive, Inc. acquired 21 bitcoin between July 13 and July 17 at an average cost of approximately $63,221 per coin, totaling around $1.3 million. The purchase lifted the company's bitcoin holdings from 19,900 to 19,921 BTC. The average purchase price of $63,221 sits below the levels Strive paid across much of its earlier accumulation. The company trades on Nasdaq under the Class A ticker ASST alongside its Variable Rate Series A Perpetual Preferred Stock, listed as SATA.
Cash Position Rises $3.3 Million to $157.4 Million
Strive's balance sheet showed cash and cash equivalents climbing $3.3 million to $157.4 million as of July 17, up from $154.1 million a week prior. The company funded the bitcoin purchase while maintaining this cash position increase. The filing detailed the company's financial position as part of its ongoing treasury operations.
Class A Shares Increase by 443,797 Under At-the-Market Program
Class A shares outstanding rose to 73,869,961 from 73,426,164, a gain of 443,797 shares reflecting issuance under the company's at-the-market program. Class B shares decreased by 3,335 to 9,800,012. The SATA share count held steady at 7,829,502 across both reporting dates. The company's model issues shares into the open market and converts proceeds to bitcoin, a design meant to raise bitcoin exposure per share while limiting dilution.
STRC Investment Fair Value Declines $1.1 Million
The filing detailed Strive's position in Strategy's Variable Rate Series A Perpetual Stretch Preferred Stock, known as STRC. Strive held 505,000 STRC shares across both reporting dates. The fair value of that stake fell $1.1 million to $43.1 million as of July 17.
CEO Matthew Cole Maintains Accumulation Strategy Following Semler Merger
Chief Executive Matthew Cole signed the report. Cole has pledged to keep buying bitcoin "hand over fist," a stance reflecting the company's ongoing accumulation strategy. Strive went public through a merger combining Strive Asset Management and Asset Entities, then built its bitcoin treasury from the ground up. The company expanded through the acquisition of Semler Scientific, an all-stock deal that folded a medical-technology firm and its bitcoin into Strive. Shareholders approved the Semler transaction, which closed in January and pushed combined holdings past 12,000 BTC. Strive reported a $393 million loss across its first six months as a public company, a figure tied to the accounting treatment of its bitcoin position and share issuance. Management has pointed to a $4.2 billion war chest to fund further bitcoin buys. Strive ranks among the top ten public corporate holders of bitcoin, a field that Strategy leads with 843,775 BTC.
FAQ
How much bitcoin did Strive purchase between July 13 and July 17?
Strive purchased 21 bitcoin between July 13 and July 17 at an average price of approximately $63,221 per coin, totaling around $1.3 million. This brought the company's total bitcoin holdings to 19,921 BTC.
What is Strive's current cash position as of July 17?
Strive's cash and cash equivalents stood at $157.4 million as of July 17, an increase of $3.3 million from $154.1 million a week earlier.
How did the Semler Scientific acquisition affect Strive's bitcoin holdings?
The Semler Scientific acquisition closed in January through an all-stock deal that folded the medical-technology firm and its bitcoin into Strive, pushing the combined holdings past 12,000 BTC.
