TL;DR
- Strive Purchase: Strive acquired 2,500 BTC for about $185.2 million at an average price of $74,092, lifting its total holdings to 19,000 BTC.
- Market Timing: The buy came during a Bitcoin pullback, giving the company a lower entry than its previous 1,109 BTC purchase at $76,989, while reporting strong quarter-to-date and year-to-date BTC yields.
- Analyst Rating: Benchmark initiated coverage with a Buy rating and a $32 target despite pre-market stock weakness, as Strategy’s BTC sale added pressure to the broader market.
Strive expanded its Bitcoin position with a fresh 2,500 BTC purchase valued at about $185.2 million, reinforcing its status as one of the largest publicly traded corporate holders of the asset. The acquisition, disclosed in an 8-K filing, came as Bitcoin’s price pulled back from recent highs and added further momentum to Strive’s aggressive treasury strategy.
Strive Buys Into Market Weakness
The latest purchase was executed at an average price of $74,092 per coin, a lower entry than the company’s previous buy of 1,109 BTC at $76,989 on May 22. The timing suggests Strive took advantage of Bitcoin’s slide from above $74,000 last week to roughly $70,800 by Tuesday morning. With this move, the company lifted its total holdings to 19,000 BTC, strengthening its position among top corporate Bitcoin treasuries. The firm also reported a quarter-to-date BTC yield of 23.0% and a year-to-date yield of 36.7%, supported by an amplification ratio of 57.0%. The company noted it increased cash reserves to maintain an 18‑month dividend buffer, underscoring its focus on long-term treasury stability.
Analyst Coverage and Market Context
Benchmark analyst Mark Palmer initiated coverage on Strive with a Buy rating and a $32 price target, implying about 93% upside from the company’s recent Class A share price. The rating arrived even as Strive’s stock traded down 3.59% to $16.58 in pre-market activity on Tuesday. The endorsement adds another layer of momentum to the company’s ongoing accumulation strategy. The filing also landed a day after Strategy, the largest corporate Bitcoin holder, disclosed its first publicized sale of 32 BTC for $2.5 million at an average price of $77,135. The sale contributed to broader market pressure and a pullback across major crypto assets.
Strive’s Position Strengthens
With its latest acquisition, the firm continues to scale its Bitcoin-focused treasury model. The company’s consistent accumulation, yield performance, and reinforced cash reserves highlight a strategy built around long-term exposure to Bitcoin’s market cycles. As volatility persists, Strive’s growing holdings and fresh analyst support position it as a notable player in the evolving landscape of corporate digital asset treasuries.
