Strive Outpaces Strategy With $50 Million Bitcoin Buy

According to a June 22 Form 8-K filing with the U.S. Securities and Exchange Commission, Strive secured the assets between June 15 and June 21 at an average price of $65,850 per coin. This surge represents a stark contrast to previous weeks, where the company had acquired only 32 and 73 Bitcoin respectively. The latest move brings Strive’s total treasury to 19,864 BTC, currently valued at roughly $1.27 billion.

Funding for the expansion continues to rely on the company’s Variable Rate Series A Perpetual Preferred Stock program, known as SATA, which offers a 13% annualized, Bitcoin-linked dividend. Beyond its own holdings, Strive maintains a position of 505,000 shares in Strategy’s own preferred stock, though the fair value of that stake has dipped to $44.7 million. With a total capital deployment target of $4.2 billion, Strive shows no signs of slowing its accumulation as it continues to leverage equity programs to feed its treasury.