Strive adds 2,500 bitcoin to hit 19,000 BTC just a day after Strategy turns seller Benchmark’s Mark Palmer also initiated coverage of the stock with a Buy rating and $32 price target as ASST shares fell about 4% pre-market.
What to know: – Strive acquired 2,500 bitcoin for about $185.2 million at an average price of $74,092 per coin, bringing its total holdings to 19,000 BTC. – The purchase, made amid a pullback in bitcoin’s price, follows Strive’s earlier buy at a higher average cost and comes as it reports a quarter-to-date BTC yield of 23.0 percent and a year-to-date yield of 36.7 percent. – Benchmark also initiated coverage of Strive with a Buy rating and a $32 price target, implying roughly 93 percent upside from the company’s recent Class A share price despite a pre-market decline
Strive (ASST) has acquired 2,500 bitcoin for roughly $185.2 million at an average price of $74,092 per coin, the company reported in an 8-K filing. The new purchase was at a lower average price than Strive’s last disclosed acquisition of 1,109 BTC at $76,989 on May 22, suggesting the company bought into the dip that has taken bitcoin from above $74,000 last week to roughly $70,800 by Tuesday morning, per CoinDesk data. Strive disclosed its quarter-to-date BTC yield at 23.0% and year-to-date yield at 36.7%, with an amplification ratio of 57.0%.
The company said it also raised cash reserves to maintain an 18-month dividend reserve. Strive acquired an additional 2,500 $BTC for ~$185.2M at an average cost of ~$74,092 per bitcoin. — Matt Cole (@ColeMacro) June 2, 2026 STRIVE SNAPSHOT Bitcoin holdings: 19,000 QTD BTC Yield: 23.0% YTD BTC Yield: 36.7% Amplification ratio: 57.0% Cash was increased to maintain 18-month dividend reserve.$ASST $SATA pic. The purchase lifts its total holdings to 19,000 BTC, data shows, and pushes the bitcoin treasury company further into the top 10 of publicly traded corporate holders.