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Strive (ASST) buys 18 bitcoin, treasury rises to 19,900 BTC

The Dallas-based company paid about $1.2 million for the latest 18 BTC, while reporting $154.1 million in cash and cash equivalents as of July 10.

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Strive, Inc. (Nasdaq: ASST) increased its bitcoin holdings by purchasing 18 bitcoin, a move disclosed in an 8-K filed with the Securities and Exchange Commission on Monday, according to Bitcoin Magazine.

The purchase, completed July 6 through July 10, totaled about $1.2 million including fees and expenses, lifting its bitcoin treasury to 19,900 BTC. Strive reported an average price of about $64,028 per bitcoin for the buys.

Bitcoin Magazine also said Strive maintained cash and cash equivalents of $154.1 million as of July 10, up $700,000 from July 2. The company continues to hold 505,000 shares of Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, STRC, with a fair value of $44.2 million.

The outlet added that Strive’s Variable Rate Series A Perpetual Preferred Stock, SATA, remained at 7.83 million shares outstanding as it continues integrating its bitcoin-focused treasury strategy.

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