Strive boosts Bitcoin holdings to 19,882 BTC after 17.76 BTC purchase

Strive increased its Bitcoin holdings to 19,882 BTC after buying 17.76 BTC between June 29 and July 2 at an average price of about $59,850 per coin, according to a Form 8-K filed earlier in the day. The purchase followed a much larger second quarter in which the company acquired 6,236 BTC at an average cost of $74,290, lifting its treasury from 13,628 BTC at the end of March to 19,864 BTC by June 30. Strive reported a 24.0% bitcoin yield for the quarter, which it defines as the change in bitcoin held per share, along with a bitcoin gain of 3,264 BTC and an amplification ratio of 67.2%. The company said these are internal performance measures rather than traditional financial metrics and noted they exclude debt and preferred claims. The filing also showed a larger balance sheet and a higher financing burden as Strive pushes its bitcoin-first strategy. Cash rose to $144.5 million on June 30 from $95.1 million in March, while the company held 505,000 shares of Strategy’s STRC preferred stock valued at roughly $42.9 million. Total balance-sheet assets reached about $1.35 billion. At the same time, the stated amount of its SATA preferred stock outstanding climbed to $783 million, raising the annualized dividend obligation to $101.8 million from $56.2 million in March. Strive said its blended bitcoin cost basis was $94,761 per coin as of June 30, above recent purchase prices after buying through a sharp market decline. The company added that its quarter-end figures are preliminary and unaudited and warned that its share price can diverge from the value of its bitcoin holdings.

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