Strive Bitcoin purchase activity continued in June as Strive Inc. acquired 759 Bitcoin for roughly $50 million.
The Nasdaq-listed firm, trading under ASST, bought the coins between June 15 and June 21 at an average price of $65,850 each, according to an 8-K filing disclosed on June 22. The deal pushed its holdings beyond 19,800 BTC.
Strive buys Bitcoin at a lower average cost
The latest purchase was cheaper than Strive’s major May acquisition. The Vivek Ramaswamy-founded company then paid an average price of $74,092 for more than 2,500 BTC, spending $185.2 million.
The June average was about 11% lower, showing how Bitcoin volatility can change a corporate buyer’s cost basis within one quarter.
Chief Executive Matt Cole announced the June acquisition on X, writing that Strive “acquired an additional 759 $BTC for ~$50M.” Since January, the company has added more than 3,700 BTC to its balance sheet.
That total includes Bitcoin gained through Strive’s acquisition of Semler Scientific earlier this year, along with continuing open-market purchases.
SATA funding supports Bitcoin accumulation
Strive has funded accumulation through SATA, a perpetual preferred stock paying daily dividends at a 13% rate.
The company uses SATA instead of a convertible note or an at-the-market common equity offering. It says the structure helps avoid dilution for existing ASST shareholders.
BitcoinTreasuries.net data showed SATA generated meaningful capital during its first full week of daily dividend payments, from June 15 through June 19.
The mechanism raised enough to acquire an estimated 603 BTC. Its strongest day was June 16, when net proceeds reached roughly $19.45 million and supported an estimated 296 BTC purchase.
SATA still faced market pressure. Its price slipped below the $100 par value and traded as low as $93 at midday before recovering to $97.70 at the close on June 18. Cole called that session “the most difficult day in the history of Digital Credit,” attributing the decline to a leverage liquidation event. Strategy’s competing STRC preferred stock fell further, touching a record low of $82.53.
Strive ranks among the top corporate holders
As of June 22, Strive ranked seventh among public companies by Bitcoin holdings. Its 19,864 BTC were valued at about $1.3 billion.
Strategy, formerly MicroStrategy, remained the largest holder with 847,363 BTC. Twenty One Capital, Metaplanet, and MARA Holdings ranked second, third, and fourth.
Strategy also bought 520 BTC for $35 million while increasing its dollar reserve to $1.4 billion, according to Cryptopolitan. Executive Chairman Michael Saylor said the company “plans to continue replenishing” that reserve to back preferred stock offerings.
The parallel purchases show public firms using structured finance as Strive positions SATA apart from Strategy’s convertible-note-heavy playbook for Bitcoin accumulation.
