Strive, Inc. (ASST) has acquired 6,182 bitcoin for $511.4 million. The purchase took place between October 17 and October 23, with an average price of $82,732 per bitcoin. This transaction brings the company's total bitcoin treasury to 43,000 BTC.
The acquisition follows the company's recent initial public offering of SATS, a 15% Perpetual Series A Preferred Stock. Strive sold 7 million shares at $90 each, generating $630 million in gross proceeds. The company has established a dividend reserve of $157.5 million to cover 18 months of payments.
The company has launched an at-the-market program allowing for the sale of up to $1 billion in SATS shares. Sales agents for this program include Cantor Fitzgerald, Barclays, Clear Street, StoneX, B. Riley Securities, Maxim Group, and H.C. Wainwright. Proceeds may be used for bitcoin purchases, acquisitions, or working capital.
Strive operates as a bitcoin treasury company with no debt, bonds, or credit lines. Since December 2025, when holdings were approximately 7,525 BTC, the company has increased its bitcoin reserves by more than five times. The firm previously acquired Semler Scientific in January 2025.
