InvestmentJun 2, 2026, 08:02 AM
Strive Buys 2,500 Bitcoin for ~$185M; Updates Holdings
AI Summary
Strive, Inc. announced the purchase of 2,500 bitcoin between May 23 and June 1, 2026, at an average price of approximately $74,092 per bitcoin, inclusive of fees and expenses. This acquisition brings the company's total bitcoin holdings to 19,000. Strive also provided updated financial holdings as of June 1, 2026, showing an increase in cash and cash equivalents by $44 million to $137.3 million, while the fair value of STRC Stock decreased by $600,000. Additionally, the company reported an increase in outstanding Class A common stock by over 3.19 million shares and SATA Stock by over 1.75 million shares.
Key Highlights
- Strive purchased 2,500 bitcoin between May 23 and June 1, 2026.
- The average purchase price was approximately $74,092 per bitcoin, inclusive of fees.
- Total bitcoin held by Strive increased to 19,000 as of June 1, 2026.
- Cash and cash equivalents increased by $44 million to $137.3 million as of June 1, 2026.
- The fair value of STRC Stock decreased by $600,000 to $49.5 million.
- Class A common stock outstanding increased by 3,190,618 shares to 69,089,145.
- SATA Stock outstanding increased by 1,754,188 shares to 7,513,907.
Price Impact
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