{"id":201344,"date":"2026-07-20T15:06:48","date_gmt":"2026-07-20T15:06:48","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=201344"},"modified":"2026-07-20T15:06:48","modified_gmt":"2026-07-20T15:06:48","slug":"strive-asst-adds-21-bitcoin-as-treasury-reaches-19921-btc-and-cash-climbs-to-157-million","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=201344","title":{"rendered":"Strive (ASST) Adds 21 Bitcoin as Treasury Reaches 19,921 BTC and Cash Climbs to $157 Million"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Strive (ASST) Adds 21 Bitcoin as Treasury Reaches 19,921 BTC and Cash Climbs to $157 Million<\/a><\/p>\n

<\/div>\n

Strive, Inc. purchased 21 bitcoin between July 13 and July 17 at an average price of about $63,221 per coin, a buy worth around $1.3 million, according to an 8-K filing<\/a> with the Securities and Exchange Commission on Monday.<\/p>\n

The purchase lifted the Dallas-based treasury company\u2019s bitcoin holdings from 19,900 to 19,921 BTC. Strive funded the buy while its balance sheet gained ground: cash and cash equivalents rose $3.3 million to $157.4 million as of July 17, up from $154.1 million a week prior.<\/p>\n

The modest addition marks a step down from the pace that carried the company past 19,000 BTC across the spring. Strive (Nasdaq: ASST) trades under the Class A ticker alongside its Variable Rate Series A Perpetual Preferred Stock, listed as SATA<\/a>.\u00a0<\/p>\n

Class A shares outstanding climbed to 73,869,961 from 73,426,164, a gain of 443,797 that reflects issuance under the company\u2019s at-the-market program. Class B shares slipped by 3,335 to 9,800,012, and the SATA count held at 7,829,502.<\/p>\n

The filing detailed Strive\u2019s position in Strategy\u2019s Variable Rate Series A Perpetual Stretch Preferred Stock, known as STRC. Strive held 505,000 STRC shares across both reporting dates, though the fair value of that stake fell $1.1 million to $43.1 million as of July 17.<\/p>\n

Strive: Buying bitcoin \u2018hand over fist\u2019<\/h2>\n

Chief Executive Matthew Cole signed the report. Cole has cast Strive as a buyer with appetite, a stance he summed up in a pledge to keep buying bitcoin \u201chand over fist.\u201d<\/a> The company funds its accumulation through perpetual preferred equity rather than convertible debt, a structure Cole has framed as a guard against forced selling.<\/p>\n

Strive\u2019s rise traces to a merger. The firm went public through a combination of Strive Asset Management and Asset Entities, then built a bitcoin treasury from the ground up. It expanded that base through the acquisition of Semler Scientific<\/a>, an all-stock deal that folded a medical-technology firm and its bitcoin into Strive. Shareholders approved the Semler transaction<\/a>, which closed in January and pushed combined holdings past 12,000 BTC.<\/p>\n

The average cost of the latest buy, about $63,221 per coin, sits below the levels Strive paid across much of its earlier accumulation. The purchase adds to a treasury built at a blended cost that management has tied to a long-run thesis on the asset.<\/p>\n

Growth has carried a cost. Strive reported a $393 million loss<\/a> across its first six months as a public company, a figure tied to the accounting treatment of its bitcoin position and its share issuance. Management has pointed to a larger goal, with an eye on a $4.2 billion war chest<\/a> to fund further bitcoin buys.<\/p>\n

The company\u2019s model issues shares into the open market and converts proceeds to bitcoin at a fast clip, a design meant to raise bitcoin exposure per share while it limits dilution. Strive ranks among the top ten public corporate holders of bitcoin, a field that Strategy leads with 843,775 BTC.<\/p>\n

The filing carried the standard caution on forward-looking statements, with flags on risks tied to the Semler integration, digital-asset volatility, interest rates, and dilution from further share sales. The company said it may adjust the SATA dividend rate, a lever the company holds as it manages its preferred stock.<\/p>\n

This post Strive (ASST) Adds 21 Bitcoin as Treasury Reaches 19,921 BTC and Cash Climbs to $157 Million<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Strive (ASST) Adds 21 Bitcoin as Treasury Reaches 19,921 BTC and Cash Climbs to $157 Million Strive, Inc. purchased 21 bitcoin between July 13 and July 17 at an average price of about $63,221 per coin, a buy worth around $1.3 million, according to an 8-K filing with the Securities and Exchange Commission […]<\/p>\n","protected":false},"author":0,"featured_media":201345,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-201344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/201344"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=201344"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/201344\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/201345"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=201344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=201344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=201344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}