Bitcoin: Strive buys 2,500 BTC and strengthens its status as a public giant

Today, June 2, Strive (ASST) reported to the SEC the acquisition of 2,500 BTC for 185.2 million dollars, at an average price of 74,092 dollars per unit. The Dallas-based treasury company thus surpasses 19,000 BTC and ranks among the top ten publicly traded companies holding bitcoin.

A capital structure designed to buy Bitcoin

Strive did not wait for a favorable market context to act. On the contrary, the company deliberately took advantage of the weakness of the bitcoin price to execute this purchase, continuing an accumulation strategy started less than a year ago.

Founded in 2022 by Vivek Ramaswamy as an anti-ESG asset management company, it pivoted to a Bitcoin treasury model after merging with Asset Entities Inc. in September 2025, publicly traded since under the symbol ASST.

Its CEO, Matt Cole, former manager of a $70 billion portfolio at CalPERS, built a multi-tier capital architecture to finance acquisitions. 

Strive combines common stock offerings, its series A variable rate perpetual preferred shares (SATA) listed on Nasdaq, and cash reserves. As of June 2, available cash stands at $137.3 million, up $44 million over the reference period, with a dividend reserve covering 18 months of operations.

Furthermore, the annual dividend rate of SATA shares reaches 13%, which, once compounded, generates an effective yield of about 13.88%. Strive thus aims to make this security the first American stock to pay cash dividends every business day.

19,000 BTC in less than a year, and a doubled fundraising program

The BTC return since the beginning of the quarter stands at 23.0%, that since the beginning of the year at 36.7%, for an amplification ratio of 57.0%. Strive does not measure its performance in dollars: the goal is to outperform direct Bitcoin exposure and justify the equity risk premium.

To further accelerate this trajectory, the company simultaneously announced the extension of its fundraising programs, increasing both the common stock offering and the SATA offering by $2.1 billion each, for a total program of $4.2 billion.

This purchase also comes while Strategy (Nasdaq: MSTR), the sector’s historical benchmark with 843,706 BTC in reserves, sold for the first time since December 2022 a fraction of its holdings, 32 BTC for $2.5 million between May 26 and 31. The proceeds were used to finance dividends on its preferred shares. A symbolic turning point that Strive does not seem to want to imitate.

Ultimately, Strive methodically consolidates its position with 19,000 BTC acquired in less than a year, a debt-free balance sheet, a massive financing program, and a performance logic measured in Bitcoin. 

The company thus combines three rarely united catalysts: a solid capital structure, management from traditional markets, and a disciplined accumulation strategy.