An SEC filing showed the Nasdaq-listed company bought 21 BTC between July 13 and July 17 for about $1.3 million, while cash rose and its STRC stake declined in value.
Strive purchased 21 Bitcoin between July 13 and July 17 at an average price of about $63,221 per coin, lifting its treasury holdings to 19,921 BTC, according to an 8-K filed with the Securities and Exchange Commission on Monday. The roughly $1.3 million purchase left the Dallas-based company just below the 20,000 BTC mark and came as cash and cash equivalents rose $3.3 million week over week to $157.4 million as of July 17. The filing also showed Class A shares outstanding increased by 443,797 under Strive’s at-the-market program, while Class B shares edged lower and its SATA preferred stock count was unchanged. Strive held 505,000 shares of Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, or STRC, across both reporting dates, though the fair value of that position fell $1.1 million to $43.1 million. Chief Executive Matthew Cole has said the company intends to keep buying bitcoin “hand over fist,” funding accumulation through perpetual preferred equity rather than convertible debt. Strive went public through a merger of Strive Asset Management and Asset Entities, later expanded its bitcoin base through an all-stock acquisition of Semler Scientific that closed in January, and has said it is targeting a $4.2 billion war chest for further purchases. The company reported a $393 million loss across its first six months as a public company, which it tied to bitcoin accounting and share issuance, while warning that digital-asset volatility, dilution, interest rates and the Semler integration remain key risks.