Strive (ASST) bought 444 Bitcoin for $33.9 million as of May 1, 2026, pushing its holdings past 15,000 BTC. The purchase, confirmed in an SEC 8-K filing, brings the company's Bitcoin treasury to about $1.2 billion even as its shares keep falling.
How Strive Got Here
It all started in January when Strive acquired Semler Scientific. That deal handed them 12,798 Bitcoin upfront. They became the 11th largest public corporate holder overnight. Since then, they’ve added over 2,200 more Bitcoin. That puts them over the 15,000 BTC mark in early May. It wasn’t a fluke – the SEC paperwork proves it.
Stock Slide Despite Crypto Rally
Strive’s shares are trading at $16.23 today. That’s an 88% drop over six months. And it’s happening while Bitcoin bounces back. The company still holds $97.9 million in cash. It’s also got $50.4 million tied up in Strategy’s STRC preferred stock. But investors aren’t buying it. The timing isn’t great for shareholders.
SATA Fundraise Holds Firm
In January, Strive raised $225 million with SATA preferred shares. The annual yield’s hovering near 13%. That held steady even when Bitcoin crashed 50% in late 2025. The money’s still there. It’s not some shaky play. The funds helped cover the new Bitcoin buys without touching cash reserves.
Strategy’s Position
Strategy, led by Michael Saylor, owns 818,334 Bitcoin. Its cost average hit $75,537 per coin by late April. That’s slightly under Strive’s recent $76,307 purchase. Strategy’s been the big player. Now Strive’s climbing the ranks as an institutional holder. Both are doubling down as markets shift.
Strive’s next SEC filing will reveal whether it keeps adding Bitcoin. The next report’s due in about six weeks. That’s when we’ll know if this is one move or part of a bigger push.
