Strive’s stock has rallied sharply in recent months as the firm continues to expand its bitcoin holdings and explore new funding avenues.
Shares of ASST are up 133% over the past three months, outperforming many bitcoin treasury peers, even though the stock remains more than 90% below its 2025 peak.
The company recently disclosed that it acquired 1,109 bitcoin over the four days ending May 22, at an average price of approximately $76,989 per coin, according to a regulatory filing. This purchase lifts Strive’s total bitcoin holdings to 16,500 BTC, up from 15,391 BTC, making it the seventh-largest publicly traded holder of bitcoin.
Alongside the increase in its crypto reserves, Strive reported a rise in cash and cash equivalents to $93.3 million, compared with $87.3 million previously. The firm also noted a modest increase in the value of its holdings in Strategy Inc.’s STRC preferred stock, now worth more than $50 million.
Looking ahead, Strive said it is considering updates to its at-the-market (ATM) programs tied to both its Class A common shares and SATA preferred stock. The move suggests the company is seeking additional flexibility to raise capital and potentially fund further bitcoin acquisitions.
In premarket trading, ASST shares were up around 3%, tracking bitcoin’s move back toward the $77,000 level over the weekend.
