Strive (ASST) Buys 6,182 Bitcoin For $511 Million, Lifts Treasury To 43,000 BTC
Strive, Inc. (ASST) acquired 6,182 bitcoin for $511.4 million between October 17 and 23, increasing its total holdings to 43,000 BTC.
The company paid an average price of $82,732 per bitcoin according to an SEC filing published on Monday. Cash and marketable securities rose by $187.7 million to $554.6 million over the same period.
Recent Stock Offering
The purchase comes one week after Strive closed its upsized initial public offering of SATS, its 15% Perpetual Series A Preferred Stock. The company sold 7 million shares at $90 each for $630 million in gross proceeds.
Dividends accrue at 15% on a $100 stated amount, which works out to a 16.67% yield at the issue price. Payments, if declared by the board, start November 9 and land on each business day.
New ATM Program
The filing disclosed a new at-the-market program under which the company can sell up to $1 billion of SATS over time. Cantor Fitzgerald, Barclays, Clear Street, StoneX, B. Riley Securities, Maxim Group and H.C. Wainwright serve as sales agents.
a critical milestone in our strategy to maximize long-term total returns for our common equity investors
Growing Treasury
Strive went public as a bitcoin treasury company in 2025 through a reverse merger and completed its all-stock acquisition of Semler Scientific in January. Holdings stood near 7,525 BTC in December 2025 and have since grown to more than five times that amount.
The company reported 36,818 BTC on October 20 after a purchase of 4,045 BTC between October 12 and 16. Monday's filing adds 6,182 BTC to that total. Strive funds its purchases through common and preferred equity and carries no debt.
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