Strive added 17.76 bitcoin last week, lifting total holdings to 19,882 BTC, according to a Form 8-K filing. The purchase put ASST back in focus by linking accumulation with July 4 symbolism and treasury expansion. The filing also showed lower recent purchase costs and higher preferred dividends. It also gave fresh preliminary quarter-end figures for Strive.
Strive adds Bitcoin as ASST seeks attention
Strive bought 17.76 Bitcoin between June 29 and July 2, the company said in the filing. It paid an average price near $59,850 per coin during the short purchase window. Chief Executive Matt Cole also disclosed the update in a post on X.
The purchase referenced 1776, the year the United States declared independence from Britain. It also came days before the nation marked 250 years from that declaration. However, the filing placed the move inside a broader bitcoin treasury strategy.
Strive ended the period with 19,882 bitcoin after the latest addition to its balance sheet. That total places ASST among larger public corporate holders of bitcoin. It also gives the stock a direct link to corporate bitcoin demand.
Bitcoin holdings grew sharply in the quarter
Strive acquired 6,236 bitcoin during the three months ended June 30. The company paid an average cost of $74,290 per bitcoin across those purchases. Its holdings rose from 13,628 coins in March to 19,864 at quarter close.
The company reported a 24.0% “bitcoin yield” for the second quarter. It also recorded a bitcoin gain of 3,264 coins during the same period. Its amplification ratio stood at 67.2%, according to the filing.
Strive uses these figures to track bitcoin held per common share. The company said the metrics help assess whether capital raises increase bitcoin exposure. The model centers on bitcoin per share. Still, the measures exclude debt, preferred claims, and other balance sheet obligations.
Funding costs shape the ASST spotlight test
Bitcoin traded near $114,332 in September 2025, based on company context, before closing June near $58,631. Therefore, the lower market price reduced Strive’s cost for recent purchases. Yet its blended cost basis still stood at $94,761 per bitcoin on June 30. The company held $144.5 million in cash, up from $95.1 million in March. It also held 505,000 Strategy STRC preferred shares, valued near $42.9 million. Total balance sheet assets reached about $1.35 billion, based on preliminary company figures.
The firm funds part of its bitcoin strategy through SATA preferred stock. The security pays cumulative monthly cash dividends at an annualized rate near 12.25%. Meanwhile, annualized dividend obligations rose to $101.8 million from $56.2 million in March. SATA outstanding reached $783 million by June 30, raising the cash cost of the strategy. Strive entered the bitcoin treasury market after launching its accumulation strategy in September 2025. Cole, a former CalPERS executive, now leads the combined public company.
The company also agreed to buy Semler Scientific in an all-stock transaction. That deal added roughly 5,000 bitcoin and expanded its treasury base. As a result, ASST moved further toward a bitcoin-first market identity. The latest purchase may keep ASST in the spotlight because it links symbolism with accumulation. However, the stock still depends on Bitcoin price, funding costs, and market confidence. Strive said its quarterly figures remain preliminary and unaudited.
