Bitcoin News
By Sydney TheCMO
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Acquisition Cost Well Below Previous Round. Between May 23 and June 1, 2026, Strive acquired 2,500 bitcoins at an average price of $74,092 each.
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Balance Sheet Shifts on Multiple Fronts. The market value of Strive's position in Strategy Inc.
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Strive, Inc. (Nasdaq: ASST) acquired 32 bitcoins between June 2 and June 7, 2026. The average price was $63,911 per unit, including fees. The total transaction amounted to $2.
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Thirty-two bitcoins may not be significant in gross value, but the number is intriguing: it's exactly the same amount that Strategy sold two weeks ago, marking its first bitcoin…
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The 8-K does not provide details on the exact market conditions that allowed this price. There is also no comment from CEO Matt Cole on this specific purchase.
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What also changes in the balance sheet is the cash position. It increased from approximately $137.3 million on June 1 to about $139.2 million on June 5, a rise of $1.9 million.
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The market value of Strive's position in Strategy Inc.'s Series A variable-rate preferred shares — ticker STRC — slipped from $49.5 million to $47.2 million over the same period.
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Regarding equity, the outstanding Class A common shares increased from 69,089,145 to 69,410,645 — an issuance of 321,500 new shares.
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Related Reading: Standard Chartered Plans to Buy 3,200 Bitcoins After a Surprise Sale of 32 BTC
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This Class A issuance is the usual engine. Strive uses its at-the-market financing program — a mechanism for continuous share issuance — to fuel its bitcoin purchases throughout…
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At the end of May, CEO Matt Cole announced plans to increase the at-the-market financing programs for ASST and SATA shares by $2.1 billion each.
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In early June 2026, the company ranked seventh globally among public corporate bitcoin holders.
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ASST shares jumped 7% in pre-market trading following the announcement. The market clearly received the 8-K well, even though the purchase volume is modest compared to the…
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Investors likely see the consistency of the signal: Strive buys, documents, repeats. Week after week. With or without a big ticket.
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Related: Strategy Buys 1,550 Bitcoin After Raising $181 Million in Stock Sales
The Currency Analytics
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