Strive, Inc. purchased 21 bitcoins between July 13 and July 17 at an average price of approximately $63,221 per coin, according to an 8-K filing submitted to the Securities and Exchange Commission on July 20. The acquisition increased the Dallas-based company's total holdings to 19,921 BTC. The purchase reflects Strive's ongoing strategy of systematically converting equity capital into bitcoin treasury assets. The company now ranks among the top ten public corporate holders of bitcoin globally, trailing Strategy's 843,775 BTC but maintaining a commitment to aggressive accumulation under CEO Matthew Cole's leadership.
Strive Purchases 21 BTC Between July 13-17
The latest acquisition added 21 coins to Strive's treasury at an average price of around $63,221 per bitcoin. Prior to this purchase, Strive held 19,900 BTC. The 21-coin addition brought the total to 19,921 BTC as of July 17. The average purchase price came in below levels Strive paid during earlier buying periods.
Cash Position Rises to $157.4 Million as of July 17
Strive's cash and cash equivalents increased by $3.3 million to $157.4 million as of July 17, up from $154.1 million the prior week. The liquidity position indicates continued capacity to deploy capital into bitcoin without immediate pressure to liquidate holdings.
Class A Shares Increase by 443,797 Under Equity Program
Class A shares outstanding rose by 443,797, climbing from 73,426,164 to 73,869,961, driven by issuance under the company's at-the-market equity program. Class B shares decreased by 3,335 to 9,800,012. The count of Strive Variable Rate Series A Perpetual Preferred Stock (SATA) remained steady at 7,829,502. The at-the-market mechanism converts share issuance proceeds into bitcoin acquisitions.
Strive Holds 505,000 STRC Shares Valued at $43.1 Million
Strive held 505,000 shares of Strategy's Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) across both reporting dates. The fair value of that position declined by $1.1 million to $43.1 million as of July 17.
Strive Targets $4.2 Billion War Chest for Bitcoin Acquisitions
Strive reported a $393 million loss across its first six months as a public company, attributed to accounting treatment of bitcoin holdings and share issuance costs. CEO Matthew Cole has committed to building a $4.2 billion war chest to fund further bitcoin purchases. Cole pledged to keep buying bitcoin "hand over fist." Strive funds acquisitions through perpetual preferred equity rather than convertible debt, a structure designed to avoid forced-selling risk associated with debt instruments. The company went public through a merger of Strive Asset Management and Asset Entities, then expanded holdings through the acquisition of Semler Scientific in January.
FAQ
What amount of bitcoin did Strive purchase between July 13 and July 17?
Strive purchased 21 bitcoins at an average price of approximately $63,221 per coin, increasing total holdings to 19,921 BTC.
How does Strive fund its bitcoin acquisitions?
Strive funds bitcoin acquisitions through perpetual preferred equity rather than convertible debt, using an at-the-market equity program that issues Class A shares and converts proceeds into bitcoin.
What is Strive's current cash position?
Strive's cash and cash equivalents stood at $157.4 million as of July 17, reflecting a $3.3 million increase from the prior week.
