Strive (ASST) purchased 73 Bitcoin for approximately $4.7 million between June 8 and June 14, increasing its total Bitcoin treasury to 19,105 BTC as the company continued its accumulation strategy during a broader recovery in Bitcoin prices. The Dallas-based Bitcoin treasury company disclosed the purchase in a Form 8-K filing with the U.S. Securities and Exchange Commission, acquiring the Bitcoin at an average cost of approximately $63,646 per BTC. The transaction occurred as Bitcoin moved above $66,000, recovering from recent weakness with improved risk sentiment tied to easing U.S.-Iran tensions and broader digital asset market gains pushing total crypto market capitalization above $2.3 trillion.
Strive Discloses 73 BTC Purchase in SEC Filing
Strive disclosed the purchase in a Form 8-K filing with the U.S. Securities and Exchange Commission. The company bought the Bitcoin between June 8 and June 14 at an average cost of approximately $63,646 per BTC. Chairman and Chief Executive Matt Cole confirmed the transaction on X, stating that Strive acquired an additional 73 BTC for about $4.7 million.
The latest purchase increased Strive's Bitcoin holdings from 19,032 BTC to 19,105 BTC. The acquisition was smaller than Strive's earlier June purchase of 2,500 BTC for about $185.2 million, which was completed at a median price of about $74,092 per Bitcoin.
ASST Stock Rises 14.03% Following Bitcoin Acquisition
ASST stock traded at $17.20, rising more than 14.03%, as investors reacted to the company's latest Bitcoin purchase and the rebound in the broader digital asset market. The stock movement coincided with Bitcoin's recovery above $66,000.
Bitcoin Treasury Grows to 19,105 BTC with Capital Structure Updates
Strive reported that cash and cash equivalents rose to $141.4 million as of June 12, up from $139.2 million on June 5. The company continued to hold 505,000 shares of Strategy's Variable Rate Series A Perpetual Stretch Preferred Stock, with fair value increasing from $47.2 million to $47.9 million over the same period.
The filing showed that Strive's Class A common stock count increased by approximately 483,400 shares to 69,894,045, reflecting issuance through its at-the-market equity program. Class B common stock and SATA preferred shares remained unchanged.
Strive plans to move SATA's 13% annual dividend from a monthly schedule to a daily business-day payment schedule beginning June 16. SATA, Strive's Variable Rate Series A Perpetual Preferred Stock, remains a core part of the company's capital structure.
Cole previously said Strive planned to expand its ASST and SATA at-the-market programs by adding $2.1 billion of capacity to each, creating up to $4.2 billion in combined fundraising capacity if fully used. The company entered the public Bitcoin treasury market through its merger with Semler Scientific, which closed in January 2026, bringing Semler's Bitcoin holdings onto Strive's balance sheet with 12,797.9 BTC at closing.
Since the merger, Strive has continued to add Bitcoin through several purchases. The company crossed the 15,000 BTC level in May and later moved above 19,000 BTC after its 2,500 BTC purchase at the start of June.
Bitcoin Recovers Above $67,000 Amid Improved Market Sentiment
Strive's update came as Bitcoin recovered above $67,000, reaching its highest level in about two weeks. The move followed improved market sentiment after reports of a U.S.-Iran peace deal and expectations that the Strait of Hormuz would reopen.
The recovery in Bitcoin supported broader crypto market gains, with total digital asset market capitalization moving above $2.3 trillion. Bitcoin was up about 3.5% at roughly $66,583 around the time of the update.
Strategy Adds 1,587 BTC in Same Period
Strategy disclosed that it bought 1,587 BTC between June 8 and June 14 for about $100 million at an average price of $63,024 per Bitcoin, lifting its total holdings to 846,842 BTC.
Cole has said Strive's annual targets are to increase Bitcoin per common share before senior claims and pay all obligations on time, including interest connected to SATA. He has argued that a well-executed amplified Bitcoin strategy can outperform Bitcoin over the long run when growth and risk metrics are both reviewed.
FAQ
How much Bitcoin did Strive purchase between June 8 and June 14?
Strive purchased 73 Bitcoin for approximately $4.7 million at an average cost of approximately $63,646 per BTC, increasing its total holdings from 19,032 BTC to 19,105 BTC.
What caused ASST stock to rise 14.03%?
ASST stock rose more than 14.03% to $17.20 as investors reacted to Strive's latest Bitcoin purchase disclosed in an SEC Form 8-K filing and the broader recovery in Bitcoin prices above $66,000.
When does Strive's SATA dividend payment schedule change?
Strive plans to move SATA's 13% annual dividend from a monthly schedule to a daily business-day payment schedule beginning June 16.
