Strive, Inc. acquired 17.76 Bitcoin last week, bringing its total holdings to 19,882 coins, as disclosed in a Form 8-K filing today.
The purchases were made from June 29 to July 2 at an average price of approximately $59,850 per Bitcoin, and Chief Executive Matt Cole announced the transaction on X.
The acquisition aligns with the July 4 holiday, as the amount of 17.76 BTC references 1776—the year of U.S. independence—and occurred shortly before the 250th anniversary of that declaration.
Although the weekly purchase was modest, the quarter’s activity was substantial. Strive accumulated 6,236 Bitcoin between April and June at an average cost of $74,290 per coin, increasing its treasury from 13,628 coins at the end of March to 19,864 coins by quarter end.
The firm reported a 24.0% Bitcoin yield for the second quarter—its proprietary metric of Bitcoin per share—reflecting a gain of 3,264 coins and an amplification ratio of 67.2%.
Strive employs these metrics to assess whether its capital raises increase Bitcoin per share, though it notes they are non‑traditional and exclude debt and preferred claims.
The purchases occurred during a sharp price decline, as Bitcoin fell from near $114,332 in September 2025 to about $58,631 by the end of the second quarter. This drop reduced the market value of Strive’s holdings and heightened the cost of acquiring additional coins, with a blended cost basis of $94,761 per coin as of June 30, exceeding recent purchase prices.
The balance sheet expanded during the quarter, with cash holdings rising to $144.5 million by June 30 from $95.1 million in March. Additionally, Strive owned 505,000 shares of Strategy’s STRC preferred stock, valued at approximately $42.9 million, bringing total assets to roughly $1.35 billion.
Strive’s transition into a bitcoin-first company
This expansion entails higher cash outlays. Strive finances acquisitions partly via its Variable Rate Series A Perpetual Preferred Stock (ticker SATA), which distributes cumulative monthly dividends at an annualized rate near 12.25%.
SATA outstanding reached $783 million by June 30, and the annualized dividend obligation increased to $101.8 million, up from $56.2 million in March.
Strive is a relatively new player in the Bitcoin treasury sector, founded by Vivek Ramaswamy in 2022, and began its accumulation strategy in September 2025 after merging with Asset Entities.
The company also agreed to acquire bitcoin holder Semler Scientific via an all‑stock transaction, adding roughly 5,000 Bitcoin and receiving approval earlier this year; Cole, a former CalPERS executive, now leads the combined entity.
The filing included standard cautions: Strive indicated that quarterly closing procedures remain incomplete, the figures are preliminary and unaudited, and its share price may diverge from Bitcoin’s value, with past yields not guaranteeing future performance.
Earlier today, Strategy (MSTR)—a closely related firm—announced the sale of a record 3,588 Bitcoin for $216 million to fund dividends on its preferred securities, marking its largest-ever Bitcoin sale.
