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Strive, Inc. (Nasdaq: ASST) announced on Monday that it acquired 32 bitcoin from June 2 through June 7, 2026. The purchase was made at an approximate average price of $63,911 per coin, factoring in all fees and expenditures. This represents a total investment of around $2.1 million, as detailed in a Form 8-K submission to the U.S. Securities and Exchange Commission.
This latest acquisition increases Strive’s cumulative bitcoin reserves from 19,000 BTC to 19,032 BTC. This new total was achieved following a series of acquisitions made by the Dallas-based firm in recent months.
Coincidentally, Strive procured exactly 32 bitcoin this week, mirroring the quantity that Strategy divested two weeks prior in its first bitcoin sale in years.
The current acquisition occurred at a valuation significantly lower than Strive’s most recent substantial bitcoin purchase. The company had previously obtained 2,500 bitcoin between May 23 and June 1, at an average price of $74,092 per coin. That transaction, valued at $185.2 million, was financed almost entirely by funds derived from its Variable Rate Series A Perpetual Preferred Stock, identified by its Nasdaq ticker SATA.
The most recent acquisition at $63,911 per coin signifies a cost basis reduction of approximately 14% compared to the preceding acquisition round, indicating a dip in bitcoin’s spot market valuation during the period under review.
Strive’s Balance Sheet Expansion
In addition to the bitcoin transaction, Strive’s 8-K filing indicated a slight increase in its cash and cash equivalents. Balances grew from approximately $137.3 million on June 1 to about $139.2 million on June 5, marking a $1.9 million rise.
Conversely, the estimated market value of the company’s holdings in Strategy Inc.’s Variable Rate Series A Perpetual Stretch Preferred Stock (ticker STRC) saw a decline, moving from around $49.5 million to $47.2 million during the same timeframe. However, the quantity of STRC shares held remained constant at 505,000.
The number of outstanding Class A common stock shares increased from 69,089,145 to 69,410,645, representing an addition of 321,500 shares. Class B common stock and SATA preferred shares maintained their previous levels at 9,780,018 and 7,513,907 shares, respectively. The rise in Class A shares reflects ongoing activity related to the company’s at-the-market equity program, which Strive has utilized to finance its bitcoin acquisitions throughout 2026.
Strive has established itself as a prominent corporate accumulator of bitcoin among publicly traded entities. As of early June 2026, the company held the seventh position globally among public corporate bitcoin holders, a status it has reinforced through consistent regulatory filings and financial disclosures this past spring.
Towards the end of May, CEO Matt Cole announced intentions to augment both the ASST and SATA at-the-market programs by $2.1 billion each. This strategic move was presented as a response to persistent demand for the company’s listed securities.
Strive shares (ASST) experienced a 7% increase in premarket trading.
Based on materials from : bitcoinmagazine.com