Strive Acquires 2,500 Bitcoin as Institutional Strategies Diverge

Strive adds 2,500 BTC to its reserves, reaching 19,000 Bitcoin total, while other major corporate holders like Strategy Inc begin minor sell-offs.

The company paid an average of $74,092 per token between May 23 and June 1, according to documents filed with the U.S. Securities and Exchange Commission (SEC).

This acquisition follows a previous transaction just days earlier where Strive acquired 1,109 BTC at an average price of nearly $77,000. The lower entry price of this latest purchase suggests the firm deliberately capitalized on the market dip to expand its exposure to the largest cryptocurrency.

Strive Accumulates While Peers Reduce Exposure

The company’s aggressive move stands in contrast to recent actions by some of the world’s largest corporate Bitcoin holders. Just one day prior, Strategy Inc, the globe’s leading corporate BTC owner, revealed its first publicly disclosed sale of reserves in years.

Strategy Inc sold 32 BTC for approximately $2.5 million to fund dividend payments. While the transaction size is negligible compared to its holdings of over 843,000 tokens, the news sparked significant debate among investors. For years, founder Michael Saylor has championed a “never sell” strategy of continuous accumulation.

Market participants viewed the sale as a symbolic signal, adding downward pressure to the asset’s price. Strive took advantage of this environment to ramp up its buying, positioning itself as one of the few public companies strictly adhering to an accumulation-only strategy.

This approach also differs from other miners and corporate holders like MARA Holdings and Riot Platforms. Earlier this year, both firms sold portions of their reserves to optimize balance sheets and reduce outstanding debt.

Strengthening Reserves Despite Massive Outlay

Following this latest deal, Strive’s total Bitcoin reserves have reached 19,000 BTC, up from approximately 16,500 tokens at the end of May. The company reports that its Bitcoin strategy has generated a 23% yield for the current quarter and a 36.7% return year-to-date.

Notably, despite spending over $185 million on the new purchase, the firm’s cash and cash equivalents grew to $137.3 million, up from $93.3 million just a week earlier. Management stated this is part of a broader liquidity policy designed to maintain financial resilience during potential deep market corrections.

The company added that it has built a sufficient cash buffer to fund dividend payments for at least 18 months, even under adverse market conditions.

Strive’s strategy highlights a growing divide among public companies using Bitcoin as a reserve asset. While some early corporate adopters are beginning to use their reserves for liquidity management, others view every correction as an opportunity to stack more sats. For now, Strive remains firmly in the latter camp, betting that the long-term potential of BTC remains intact despite short-term volatility.