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Strive adds 2,500 BTC while Bitcoin slides below key levels

Crypto
Last updated: June 2, 2026 9:08 pm
Crypto
Published: June 2, 2026
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Strive adds 2,500 BTC while Bitcoin slides below key levels

Strive Inc. has raised its Bitcoin holdings to 19,000 BTC after buying an additional 2,500 BTC between May 23 and June 1, 2026. Summary Strive purchased 2,500 bitcoin between May 23 and June 1, raising its total holdings to 19,000 BTC. The company bought the bitcoin at an average price of about $74,092 per coin, including fees and expenses. Strive’s cash and cash equivalents increased to $137.3 million from $93.3 million during the same period. A June 2 filing with the U.S. Securities and Exchange Commission said the Nasdaq-listed company bought the bitcoin at an average price of about $74,092 per coin, including fees and expenses. The purchase added about $185.2 million in bitcoin exposure to Strive’s balance sheet. The filing said Strive’s cash and cash equivalents also rose to $137.3 million from $93.3 million during the same period. Its STRC Stock position had a fair value of $49.5 million, down slightly from $50.1 million. Strive builds Bitcoin position while holding more cash According to the SEC filing, Strive’s latest purchase raised its bitcoin treasury to 19,000 BTC. The company stated in the filing that it “purchased 2,500 bitcoin at an average price of approximately $74,092 per bitcoin, inclusive of fees and expenses.” Strive acquired an additional 2,500 $BTC for ~$185.2M at an average cost of ~$74,092 per bitcoin.STRIVE SNAPSHOTBitcoin holdings: 19,000QTD BTC Yield: 23.0%YTD BTC Yield: 36.7%Amplification ratio: 57.0%Cash was increased to maintain 18-month dividend reserve.$ASST $SATA pic.twitter.com/eTPHmMHBh1— Matt Cole (@ColeMacro) June 2, 2026 At the same time, the company reported no short-term or long-term debt. The filing gives investors a clearer view of Strive’s current balance sheet, which now includes a larger bitcoin position and a higher cash balance. Strive’s earlier acquisition of Semler Scientific also added a medical-device business to its operations. Company disclosures show that this gives Strive an operating business alongside its bitcoin treasury strategy. ATM expansion could add financing capacity In a separate June 1 SEC filing, Strive said it expects to increase each of its at-the-market programs by $2.1 billion. An ATM program allows a public company to sell securities into the market over time at current market prices. Strive said the proposed changes would raise its Class A common stock ATM program to $2.55 billion. The company also expects its SATA Stock ATM program to rise to $2.6 billion. SATA Stock refers to Strive’s Variable Rate Series A Perpetual Preferred Stock. The company said the ATM changes still depend on the completion of documents, SEC prospectus filings, and a certificate amendment for the SATA Stock. Strive CEO Matt Cole said on X that the company expects to raise the size of both the ASST and SATA ATM programs by $2.1 billion each. Cole said the planned increase came from “a sustained increase in liquidity and demand for both securities.” The proposed ATM increase would not create an immediate capital raise, according to the filing. However, the filing indicates that Strive may have additional capacity to raise capital for corporate needs, acquisitions, operating support, or future treasury activities. Strategy sale adds market contrast The filing came after Strategy, the largest corporate bitcoin holder, disclosed the sale of 32 bitcoin for $2.5 million. Strategy said the sale took place at an average price of $77,135 per bitcoin. Meanwhile, Benchmark analyst Mark Palmer initiated coverage of Strive with a Buy rating and a $32 price target on Tuesday. The price target suggested roughly 93% upside after Strive’s Class A common stock fell 3.59% to $16.58 in pre-market trading. Strive’s latest filings now place the company’s bitcoin holdings, financing plans, and operating-business structure at the center of investor attention.

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