Strive Expands Bitcoin Holdings to 19,000 BTC After Recent Acquisition
Strive has boosted its bitcoin holdings to 19,000 BTC after acquiring an additional 2,500 coins for around $185.2 million, despite a dip in prices.
Mercation Admin
June 2, 2026 3 min read
MarketsShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailStrive expands bitcoin holdings to 19,000 BTC after recent acquisition of 2,500 coins for approximately $185.2 million at an average cost of $74,092 per coin.
Benchmark's Mark Palmer also started coverage on Strive with a Buy rating and a $32 price target, despite a drop of about 4% in ASST shares during pre-market trading.
By Shaurya Malwa| Edited by Aoyon Ashraf Updated Jun 2, 2026, 12:35 p.m. Published Jun 2, 2026, 12:23 p.m. 1 min readMake preferred on
Key Information:
Strive acquired 2,500 bitcoin for roughly $185.2 million at an average price of $74,092 per bitcoin, increasing its total holdings to 19,000 BTC.
This acquisition occurred during a dip in bitcoin's price, following a previous purchase at a higher average cost, with Strive reporting a quarter-to-date BTC yield of 23.0% and a year-to-date yield of 36.7%.
Benchmark initiated coverage of Strive, giving it a Buy rating and a $32 price target, indicating about 93% upside potential from the company's recent Class A share price despite a drop in pre-market trading.
Strive (ASST) reported that it has acquired 2,500 bitcoin for approximately $185.2 million at an average price of $74,092 per coin.
This latest acquisition was made at a lower average cost than Strive's previous purchase of 1,109 BTC at $76,989 on May 22, indicating the company took advantage of the price drop that saw bitcoin decrease from over $74,000 last week to about $70,800 as of Tuesday morning, according to CoinDesk data.
Strive reported a quarter-to-date BTC yield of 23.0% and a year-to-date yield of 36.7%, with an amplification ratio of 57.0%. The company also mentioned that it has increased cash reserves to support an 18-month dividend reserve.
Strive acquired an additional 2,500 $BTC for ~$185.2M at an average cost of ~$74,092 per bitcoin.
This acquisition elevates Strive's total bitcoin holdings to 19,000 BTC, according to data sources, positioning the company among the top ten publicly traded corporate bitcoin holders.
This announcement comes as its competitor, Strategy (MSTR), revealed its first public sale of 32 bitcoin for $2.5 million at an average price of $77,135 on Monday, which has contributed to a sell-off in BTC and the wider cryptocurrency market.
Additionally, Benchmark analyst Mark Palmer started coverage on Strive with a Buy rating and a $32 price target on Tuesday, suggesting about 93% upside potential, even as the company’s Class A shares declined 3.59% to $16.58 in pre-market trading.
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