TLDR
- Strive bought 382 BTC for approximately $30.3 million between May 13–18, at an average price of $79,348 per coin.
- Total Bitcoin holdings now sit at 15,391 BTC, valued at roughly $1.2 billion.
- Strive is the ninth-largest publicly disclosed corporate Bitcoin holder, around 300 BTC behind Hut 8.
- Year-to-date Bitcoin Yield stands at 18.4%, with $87.3 million in cash on hand.
- TD Cowen raised its ASST price target to $30; H.C. Wainwright raised its target to $38.
Vivek Ramaswamy-backed Strive, Inc. has added another 382 Bitcoin to its treasury, spending roughly $30.3 million between May 13 and May 18. The purchases were made at an average cost of $79,348 per coin, according to an 8-K filing submitted to the SEC on May 19.
The latest buy brings Strive’s total Bitcoin holdings to 15,391 BTC, now valued at approximately $1.2 billion at current market prices. ASST stock has drawn growing analyst attention as the company builds out one of the more aggressive corporate Bitcoin strategies in the market.
Strive has been funding these purchases through issuances of its Variable Rate Series A Perpetual Preferred Stock (SATA), rather than taking on traditional debt. The company carries no conventional debt on its balance sheet.
As of the filing date, Strive reported $87.3 million in cash and cash equivalents. It also holds a $49.8 million position in Strategy’s STRC preferred stock.
The Dallas-based firm’s year-to-date Bitcoin Yield stands at 18.4%. Its amplification ratio — a measure of Bitcoin exposure relative to market value through SATA issuances — is 44.3%.
Where Strive Sits in the Corporate Bitcoin Race
At 15,391 BTC, Strive ranks ninth among publicly disclosed corporate Bitcoin holders. It sits between Hut 8 and Riot Platforms on that list, and is roughly 300 BTC short of overtaking Hut 8.
Strategy remains the dominant player by a wide margin, holding 843,738 Bitcoin. Strategy also recently purchased an additional $2 billion worth of Bitcoin.
Since January 2026, Strive has added more than 2,200 BTC to its treasury. The current tranche of 382 Bitcoin was purchased at a modest premium to the current spot price of around $77,000, meaning this specific batch carries a small unrealized loss. However, Strive’s average cost basis across its full position remains below current market levels.
Analyst Price Target Updates
Wall Street has taken notice of Strive’s Bitcoin accumulation pace. TD Cowen recently raised its ASST price target to $30, citing improvements in capital efficiency tied to changes in preferred share dividend payments.
H.C. Wainwright lowered its valuation estimate earlier but then revised it back up to $38, pointing to stable valuation metrics and the growth of Strive’s Bitcoin reserve.
Separately, Strive announced this month that SATA will begin paying daily cash dividends starting June 16, at a 13% annualized rate. The company describes it as the first security in U.S. capital markets history to pay cash dividends every business day.
CEO Matthew Cole said: “SATA will be the first listed security in the history of U.S. capital markets to pay cash dividends every single Business Day.”
Strive also recently terminated a debt arrangement and made changes to the terms of its preferred equity securities. Earlier, it initiated the repurchase and cancellation of convertible senior notes due in 2030, originally held through a Semler Scientific subsidiary.
As of May 18, Strive had 63.66 million Class A common shares outstanding and approximately 9.87 million Class B shares. The company also announced the sale of 5.24 million shares of its SATA preferred stock.
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