Strive stacks more bitcoin as ASST surges 133% in three months
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ASST climbs 133% in three months as Strive grows holdings to 16,500 BTC and explores fresh capital raising options.
By James Van Straten|Edited by Stephen Alpher
Updated May 26, 2026, 12:48 p.m. Published May 26, 2026, 12:46 p.m. 1 min read
- Strive’s latest bitcoin purchase of 1,109 BTC makes it the seventh-largest publicly traded corporate holder of bitcoin.
- The company is considering refreshed at-the-market programs for its Class A common stock and SATA preferred stock
Strive (ASST) purchased 1,109 bitcoin at an average price of roughly $76,989 per coin in the four days ended May 22, according to a Tuesday filing.
The latest acquisition brings the company’s total bitcoin holdings to 16,500 BTC, up from 15,391 BTC. Strive is now the seventh-largest publicly traded company holding bitcoin.
Alongside the increase in bitcoin holdings, Strive also reported higher cash and cash equivalents, which rose to $93.3 million from $87.3 million. The company’s holdings of Strategy Inc.’s STRC preferred stock also increased slightly in value to over $50 million.
The company also disclosed it is evaluating a refresh of its at-the-market programs tied to both its Class A common stock and SATA preferred stock, signaling additional flexibility for future capital raises and bitcoin purchases.
Shares of ASST have surged 133% over the past three months, dramatically outperforming other bitcoin treasury firms, though they remain lower by more than 90% from their 2025 high.
ASST is higher by 3% premarket alongside bitcoin’s rise back to $77,000 over the weekend.
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Michael Saylor and team funded the repurchases using cash as it restructures liabilities tied to its BTC treasury strategy.
What to know:
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- Strategy used cash to buy the debt, which lowered the company’s cash reserve to $871 million
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