Strive Asset Management has acquired 1,109 BTC for approximately $85.4 million, pushing its total holdings to 16,500 BTC and vaulting the firm past both Coinbase and Riot Platforms to become
Strive Asset Management has acquired 1,109 BTC for approximately $85.4 million, pushing its total holdings to 16,500 BTC and vaulting the firm past both Coinbase and Riot Platforms to become the 7th-largest publicly listed corporate Bitcoin treasury holder.
Strive, Inc. (Nasdaq: ASST) disclosed the purchase in a Form 8-K filed with the SEC on May 26, 2026. The company bought the Bitcoin between May 18 and May 22 at an average cost of roughly $76,988 per coin, inclusive of fees.
The acquisition lifted Strive's treasury from 15,391 BTC to 16,500 BTC, edging past Coinbase's 16,492 BTC and Riot Platforms' 15,680 BTC. Strive now sits 7th on the corporate Bitcoin treasury leaderboard.
Strive (Nasdaq: ASST) — Total Bitcoin Holdings
16,500 BTC
7th-largest public company Bitcoin treasury — surpassing Coinbase & Riot Platforms
Source: SEC Form 8-K, May 26, 2026
The distinction matters: Coinbase holds Bitcoin as a byproduct of its exchange operations, not as a deliberate treasury strategy. Riot Platforms, a Bitcoin miner, actually sold 3,778 BTC in Q1 2026 for $289.5 million to fund its pivot toward AI and data center infrastructure. Strive is an asset manager making an intentional, aggressive accumulation bet.
ASST shares rose more than 6% on the news, trading near $19.30. The move echoes the market's appetite for corporate Bitcoin treasury plays, a theme that has also driven interest in firms like BitMine and Strategy navigating crypto treasury decisions this quarter.
Strive financed the purchase through at-the-market equity sales and issuances of its SATA preferred shares, which carry a 13% annual dividend. The SEC filing shows Class A shares outstanding increased to 65,898,527 and SATA shares to 5,759,719 during the purchase period.
The company carries no short-term or long-term debt as of the filing date, a clean balance sheet that differentiates it from more leveraged treasury strategies. CEO Matt Cole noted that Strive acquired the additional 1,109 BTC at an average cost of roughly $76,988 per bitcoin.
"Strive acquired an additional 1,109 $BTC for ~$85.4 million at an average cost of ~$76,988 per bitcoin."
— Matt Cole, CEO of Strive Inc. (via crypto.news)
Cole also reported a 23.4% year-to-date BTC Yield, an 11.0% quarter-to-date BTC Yield, and a 45.2% amplification ratio as of May 26. These metrics track how effectively the company is growing its per-share Bitcoin exposure, a framework popularized by Strategy (formerly MicroStrategy), which remains the largest corporate holder with 818,334 BTC.
Bitcoin was trading at roughly $75,998 at press time, down 1.79% over 24 hours. Strive's average purchase price of $76,988 sits slightly above the current spot rate, putting the newest tranche marginally underwater.
Bitcoin trading near $75,925 at the time of Strive's 1,109 BTC acquisition at ~$76,988 avg. Source: CoinGecko Strategy remains the undisputed leader among corporate Bitcoin holders with 818,334 BTC. The gap between Strategy and the rest of the field is enormous, but competition among the next tier of holders is intensifying.
Strive's rise is particularly notable given the speed of its accumulation. The company has built a 16,500 BTC position through a deliberate equity-funded strategy, not through mining operations or exchange custody. That puts it in a fundamentally different category than the companies it just surpassed.
Riot Platforms' decision to liquidate nearly 3,800 BTC to fund AI infrastructure represents a strategic divergence from the pure accumulation model. Three companies with radically different Bitcoin philosophies, aggressive accumulation, passive holding, and active liquidation, now sit in adjacent spots on the leaderboard.
At current prices, Strive's position is worth approximately $1.25 billion. The broader crypto market sits in "Fear" territory with a Fear & Greed Index score of 34, making Strive's aggressive buying a contrarian signal. The broader push by financial firms into digital asset strategies continues to accelerate across sectors.
The next companies above Strive on the leaderboard hold between 20,000 and 30,000 BTC, suggesting another acquisition round of similar scale could push the firm further up the rankings. With no debt on the books and an established equity-issuance pipeline, Strive has the financial infrastructure to continue climbing, though increasing share dilution will remain the key trade-off investors weigh against per-share BTC growth.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
Read original article on marketbit.net
