Strive buys 1,109 bitcoin, total holdings reach 16,500 BTC

Strive (ASST) has expanded its bitcoin treasury, purchasing 1,109 bitcoin at an average price of roughly $76,989 per coin over the four days ended May 22, according to a Tuesday filing. The acquisition brings the company’s total bitcoin holdings to 16,500 BTC, up from 15,391 BTC, making Strive the seventh-largest publicly traded company holding bitcoin.

The move underscores a growing trend among corporate treasuries to allocate a portion of cash reserves to bitcoin as a hedge against inflation and currency debasement. Strive’s latest purchase comes amid a period of relative price stability for bitcoin, with the asset trading in a narrow range. The company also reported higher cash and cash equivalents, which rose to $93.3 million from $87.3 million, and its holdings of Strategy Inc.’s STRC preferred stock increased slightly in value to over $50 million. Live crypto prices and charts on NowPrice show how the market is reacting to these corporate accumulation trends.

Investors will watch for further updates on Strive’s at-the-market programs, which the company is evaluating for both its Class A and Class C shares. The continued accumulation by publicly traded firms could signal confidence in bitcoin’s long-term value, though it also concentrates supply among institutional holders. Market participants will monitor whether other companies follow suit, potentially tightening available supply on exchanges.