Strive (ASST) Continues Bitcoin Accumulation as Analysts Raise Price Targets

TLDR

• Between May 13 and 18, Strive acquired 382 BTC at an average of $79,348 per coin, totaling about $30.3 million.
• The company’s total Bitcoin reserves are now 15,391 BTC, worth around $1.2 billion.
• Strive holds the ninth spot among public companies disclosing Bitcoin holdings, trailing Hut 8 by about 300 BTC.
• The Bitcoin Yield for the year so far is 18.4%, with cash reserves of $87.3 million.
• Analysts at TD Cowen increased their price target for ASST to $30, while H.C. Wainwright lifted theirs to $38.

---

(SeaPRwire) –   Backed by Vivek Ramaswamy, Strive, Inc. expanded its treasury by 382 Bitcoin from May 13 to 18, investing approximately $30.3 million. An SEC 8-K filing dated May 19 reveals the coins were bought at an average price of $79,348.

Strive, Inc., ASST

With this acquisition, Strive’s total Bitcoin stash reaches 15,391 BTC, valued at about $1.2 billion based on current rates. Analysts are increasingly focusing on ASST stock as the firm executes one of the market’s boldest corporate Bitcoin strategies.

Instead of incurring traditional debt, Strive has financed these acquisitions by issuing its Variable Rate Series A Perpetual Preferred Stock (SATA). Consequently, the company’s balance sheet is free of conventional debt.

Strive reported holding $87.3 million in cash and equivalents as of the filing date. Additionally, it maintains a $49.8 million investment in Strategy’s STRC preferred stock.

The Dallas-based enterprise reports a year-to-date Bitcoin Yield of 18.4%. Its amplification ratio, which gauges Bitcoin exposure versus market value via SATA issuances, is currently 44.3%.

Strive’s Position in the Corporate Bitcoin Landscape

Holding 15,391 BTC, Strive is ranked ninth among public companies with disclosed Bitcoin holdings. Positioned between Hut 8 and Riot Platforms, it is about 300 BTC away from surpassing Hut 8.

Strategy continues to dominate the sector by a significant margin with 843,738 Bitcoin. Recently, Strategy also acquired another $2 billion in Bitcoin.

Since the start of 2026, Strive has accumulated over 2,200 BTC. This recent purchase of 382 Bitcoin was made at a slight premium to the current spot price of approximately $77,000, resulting in a minor unrealized loss for this specific lot. Nevertheless, Strive’s average cost basis for its entire position is still lower than current market prices.

Updates to Analyst Price Targets

Wall Street is paying attention to Strive’s rapid Bitcoin accumulation. Citing enhanced capital efficiency due to adjustments in preferred share dividend payments, TD Cowen increased its ASST price target to $30.

After initially lowering its valuation estimate, H.C. Wainwright revised it upward to $38, referencing steady valuation metrics and the expansion of Strive’s Bitcoin reserves.

In a separate announcement, Strive revealed that SATA will start distributing daily cash dividends on June 16 at a 13% annualized rate. The company touts this as the first security in U.S. capital market history to offer daily business day cash dividends.

CEO Matthew Cole stated: “SATA marks the first listed security in U.S. capital markets history to provide cash dividends every single Business Day.”

Strive recently ended a debt agreement and modified the terms of its preferred equity. Previously, the company began the buyback and cancellation of 2030-due convertible senior notes, which were originally held by a Semler Scientific subsidiary.

As of May 18, the company had 63.66 million Class A common shares and roughly 9.87 million Class B shares outstanding. Additionally, Strive disclosed the sale of 5.24 million shares of its SATA preferred stock.