Strive bought another 1,109 Bitcoin, pushing its total corporate holdings to 16,500 coins. The purchase comes as the firm's stock has rocketed 133% over the past three months and the company says it's now looking at new ways to raise capital.
A growing Bitcoin treasury
With 16,500 Bitcoin, Strive now holds one of the largest known corporate bitcoin treasuries among publicly traded asset managers. The 1,109-coin addition is the latest in a series of purchases that have steadily built up the stack since the firm first disclosed its bitcoin strategy.
Stock performance mirrors Bitcoin bet
Strive's stock, ticker ASST, has more than doubled in three months — up 133% — as investors appear to reward the firm's aggressive bitcoin accumulation. The timing isn't great for anyone trying to catch a dip: the stock's rally has run in lockstep with the rising bitcoin price this quarter.
Capital raising on the horizon
Strive is exploring new capital-raising initiatives, according to a statement. The company didn't provide details on whether that means a debt offering, an equity raise, or some other structure. What's clear is that the firm wants more firepower to keep adding bitcoin to the balance sheet.
What those initiatives look like — and how much more bitcoin Strive aims to buy — will be the next chapter in its crypto treasury strategy.
