[Digital Today reporter Yoonseo Lee] Asset manager Strive bought an additional 1,109 bitcoin for $85.4 million (about 128.6 billion won), increasing its total holdings to 16,500 BTC.

On May 26 (local time), blockchain media outlet Cryptopolitan reported that the purchase put Strive seventh among listed companies by bitcoin holdings, ahead of Coinbase and Riot Platforms.

The purchase came in a week when Strategy halted weekly bitcoin buying and shifted resources to repaying $1.5 billion in convertible bonds due in 2029. As Strategy, which led the corporate bitcoin accumulation trend, temporarily slowed down, Strive effectively filled the buying gap. Strategy still holds more than 843,000 BTC, leaving a wide gap.

Matt Cole (맷 콜), Strive's chief executive officer, said on X, formerly Twitter, that the average purchase price for this batch was about $76,989 per coin. Strive has bought bitcoin 17 times since it held 69 BTC in September 2025. The total value of its holdings is about $1.64 billion (about 2.47 trillion won), and its overall average purchase price is $99,617 per coin.

A turning point in expanding its holdings was the acquisition of Semler Scientific in January. Strive took over about 12,798 BTC at the time, rising to 11th in the listed-company holdings ranking. It later increased its bitcoin purchases through an at-the-market financing method using Class A common shares and Series A perpetual preferred stock with a floating rate traded under the SATA ticker.

In BitcoinTreasuries tallies, Strive narrowly leads Coinbase's 16,492 BTC. Coinbase could eliminate the gap by buying just 8 more BTC, but Riot Platforms sold 3,778 BTC, citing higher power costs in the first quarter of 2026, reducing its holdings to 15,680 BTC as of end-March.

Strive's funding structure for purchases is also in the market spotlight. The company is supporting bitcoin buying through SATA. The preferred stock pays an annualised dividend of 13 percent and has no maturity date. In a recent U.S. Securities and Exchange Commission filing, Strive said it could restart at-the-market sale programmes for its Class A shares and SATA. It said this would secure flexibility for future fundraising and purchases.

Its financial condition was also disclosed. Cash and cash equivalents rose to $93.3 million (about 140.5 billion won) from $87.3 million (about 131.5 billion won), and it also holds more than $50 million (about 75.3 billion won) of Strategy's STRC preferred stock. Cole has previously said that in May the company eliminated all outstanding debt, including short- and long-term obligations.

Profitability pressure remains. Strive's overall average purchase price of $99,617 is well above the spot price of about $77,000. As a result, its overall position is showing an unrealised loss of about $373 million.

Strive also signalled it would begin paying SATA dividends daily from June 16. Cole said the measure would make Strive the first listed company to offer a "daily dividend payment" model. Whether Strive can maintain the pace of bitcoin buying while pursuing additional fundraising and a dividend structure is expected to be the next point of focus.

Strive acquired an additional 1,109 $BTC for ~$85.4 million at an average cost of ~$76,988 per bitcoin. STRIVE SNAPSHOT Bitcoin holdings: 16,500 QTD BTC Yield: 11.0% YTD BTC Yield: 23.4% Amplification ratio: 45.2%$ASST $SATA pic.twitter.com/dxuee6jdRy