Asset manager Strive bought an additional 32 bitcoins this month, increasing its total holdings to 19,032 BTC.
On June 8, blockchain outlet Bitcoin Magazine reported that Strive bought 32 BTC from June 2 to 7 at an average of $63,911 per coin. It said the total outlay, including fees and expenses, was about $2.1 million.
The purchase raised Strive's bitcoin holdings to 19,032 BTC from 19,000 BTC. An 8-K filing submitted to the U.S. Securities and Exchange Commission said the average purchase price included fees and related costs.
The market is focusing on the change in the purchase price rather than the size of this deal. Strive previously bought 2,500 bitcoins from May 23 to June 1 at an average of $74,092 per coin. That transaction totalled $185.2 million, and most of the funding was raised from issuing floating-rate Series A perpetual preferred stock traded under the Nasdaq ticker "SATA". The average price for this 32-BTC purchase was about 14 percent lower than the prior large-scale purchase.
The filing also included changes in financial metrics beyond bitcoin. Cash and cash equivalents rose by $1.9 million to about $139.2 million on June 5 from about $137.3 million on June 1. The fair value of Strategy's floating-rate Series A perpetual stretch preferred stock, STRC, fell to about $47.2 million from about $49.5 million over the same period. The number of shares held was unchanged at 505,000 shares.
Share issuance continued. Shares outstanding of Class A common stock rose by 321,500 to 69,410,645 from 69,089,145. The number of Class B common shares and SATA preferred shares stayed at 9,780,018 and 7,513,907, respectively. The increase in Class A shares shows Strive is continuing its at-the-market equity sale program, which it has used throughout 2026 as a source of funds for bitcoin purchases.
Strive has been classified as an aggressive bitcoin accumulator among listed companies through consecutive transactions in recent months. As of early June, it ranked seventh globally among listed companies by bitcoin holdings.
Its push to expand fundraising is also continuing. Strive Chief Executive Matt Cole (맷 콜) said in late May that it would expand the size of the ASST and SATA at-the-market programs by $2.1 billion each. The company described the move as a response to continued demand for listed securities.
The filing shows Strive is maintaining its push to expand bitcoin holdings even during a period of short-term price correction. It also shows the company is continuing to fund bitcoin purchases by combining share issuance with preferred stock financing.
This purchase carries more meaning in direction than in size. As Strive kept its strategy of increasing bitcoin holdings even during a correction, the market is expected to watch further fundraising, the pace of purchases and the impact on shareholder value.
Strive acquired an additional 32 $BTC for ~$2.1M at an average cost of ~$63,911 per bitcoin.$ASST $SATA pic.twitter.com/IrTRabfG8l