Strive (ASST) scooped up another 73 bitcoin last week, spending roughly $4.7 million at an average price of about $63,646 per coin. The purchase, made between June 8 and June 14, pushed the firm's total bitcoin trove to 19,105 BTC — cementing its spot among the largest corporate holders of the asset. The buys come as the company also prep a change to its dividend schedule, shifting SATA's monthly 13% APR payout to daily starting June 16.
73 BTC added
Think of it as a drip, not a flood. Strive's weekly buy was modest compared to the roughly 2,500 BTC it snapped up in one go on June 1 at around $74,092 each. But the steady accumulation fits the firm's 'bitcoin-first' framework — a strategy that treats BTC as the benchmark investment, with everything else measured against it. Since merging with Semler Scientific in January and inheriting about 5,048 BTC, Strive has consistently added coins, crossing 13,131 BTC by late January, then 15,000 in early May.
Cash keeps growing
Strive's cash and cash equivalents actually edged up during the buying week, from $139.2 million as of June 5 to $141.4 million as of June 12. That suggests the purchases were funded from recent equity sales, not from drawing down reserves. The company's Class A common stock share count rose by about 483,400 shares to 69,894,045 via its at-the-market equity program. Its holdings of Variable Rate Series A Perpetual Stretch Preferred Stock of Strategy (STRC) stayed flat at 505,000 shares, but fair value crept up from $47.2 million to $47.9 million.
Dividend overhaul
The big structural shift lands tomorrow. Strive plans to convert SATA's 13% APR monthly dividend to a daily schedule starting June 16. The move is meant to boost liquidity and make the instrument more attractive to capital — which in turn could fuel further bitcoin acquisitions. Daily dividends are rarer in crypto treasury stocks, and the shift signals Strive is serious about feeding its buying machine.
Bitcoin gets a lift from peace talks
Bitcoin climbed above $66,000 on Sunday after President Trump announced a U.S.-Iran peace deal, with a formal signing set for June 19. Oil prices dropped about 5% to $80 a barrel, and BTC gained roughly 3% in 24 hours. The macro catalyst isn't directly tied to Strive's moves, but a higher BTC price makes the firm's weekly buys look smarter — and its 19,105-coin pile more valuable.
Strive now holds nearly 20,000 BTC. With the daily dividend switch set for June 16, investors will be watching whether the faster payout attracts enough fresh money to push the firm past that round-number milestone soon.
