Strive has acquired 759 Bitcoin for approximately $50 million, marking its largest weekly purchase in months. This acquisition surpasses Strategy’s latest BTC purchase, with Strive buying the coins at an average price of $65,850 per Bitcoin. The transaction has increased Strive’s total holdings to 19,864 BTC.
Acquisition Details
The purchase was made between June 15 and June 21, according to a Form 8-K filed with the U.S. Securities and Exchange Commission. At the reported purchase price, the acquisition was worth around $50 million, representing a significant increase from the company’s previous two weekly disclosures. Strive’s cash and cash equivalents also increased from $141.4 million to $144.5 million during the reporting period.
Market Context
Strive’s latest purchase extends its rapid expansion in the public Bitcoin treasury sector, which began after its January 2026 merger with Semler Scientific. Since then, the company has steadily increased its Bitcoin reserves, crossing the 15,000 BTC threshold in early May. A significant portion of Strive’s buying activity has been funded through its Variable Rate Series A Perpetual Preferred Stock program.
Current Holdings
Based on Bitcoin prices near $64,000, Strive’s treasury of 19,864 BTC is currently valued at roughly $1.27 billion. The company’s average acquisition cost remains above prevailing market prices, similar to Strategy, which holds 847,363 BTC. With a previously announced $4.2 billion capital deployment plan still in place, recent filings suggest Strive continues to expand its Bitcoin position.
Based on reporting from crypto.news.
