Strive, Inc. Acquires 382 Bitcoin
Strive, Inc., a company based in Dallas, has made headlines with its recent acquisition of 382 Bitcoin, costing an estimated $30.3 million. This transaction, which took place between May 13 and May 18, has significantly bolstered the firm’s cryptocurrency portfolio to a total of 15,391 Bitcoin, a sum that is now valued at around $1.2 billion based on prevailing market prices.
Details of the Acquisition
In a filing on May 19, Strive revealed the details of their purchase, noting an average purchase price of $79,348 for each Bitcoin acquired. The latest acquisition adds to the firm’s impressive Bitcoin collection, having amassed over 2,200 Bitcoins since the beginning of 2026 alone. Two weeks ago, reports highlighted that Strive’s holdings surpassed the 15,000 Bitcoin mark after a notable investment of $33.9 million.
Innovative Financial Strategies
Strive’s innovative approach in expanding its Bitcoin treasury has been complemented by its issuance of Variable Rate Series A Perpetual Preferred Stock, allowing it to accumulate these digital assets without incurring any traditional debt. This strategy places Strive in a unique position within the market, particularly as its amplification ratio stands at 44.3%, signifying that the value of its Bitcoin exposure outstrips the face value of its stock.
CEO’s Announcement and Market Position
The company’s CEO, Matthew Cole, also shared exciting news regarding Strive’s SATA security, which he announced would be the first entity in U.S. capital markets history to offer cash dividends daily, starting June 16, at an impressive annualized rate of 13%.
Market Performance and Competitive Landscape
At the time of this latest Bitcoin purchase, the cryptocurrency was trading around $77,000, indicating that Strive might be facing a minor unrealized loss on this acquisition since their buying price was higher. Nonetheless, the broader strategy remains focused on long-term performance in Bitcoin terms rather than traditional financial benchmarks.
Currently, Strive ranks between Hut 8 and Riot Platforms as one of the significant public corporate holders of Bitcoin, with Hut 8 trailing by about 300 Bitcoin. Strategy, another major player, leads the pack with 843,738 Bitcoin to its name. This competitive landscape reflects a growing trend of companies raising capital through preferred stock to convert into Bitcoin, as demonstrated by Strive’s operational philosophy.
