Strive, Inc. (NASDAQ: ASST) filed an 8-K with the SEC on June 29, 2026, disclosing its latest balance sheet snapshot: 19,864 in Bitcoin, $141.7 million in cash, and a $37.7 million fair-value position in Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock (STRC). The company made no Bitcoin purchases in the most recent reporting week.
The filing, signed by CEO Matthew Cole, covers the period ending June 26, 2026. Cash declined $2.8 million from $144.5 million on June 18, while the STRC position shed $7.1 million in fair value despite the share count holding at 505,000.
Bitcoin held remained flat at 19,864 BTC — the seventh-largest corporate Bitcoin holding in the world, a position Strive built from zero in under a year.
On X, Cole described the balance sheet as “built to move aggressively or wait patiently with deep reserves, no debt, no margin & no encumbered Bitcoin.” That structure, patient accumulation without leverage, has defined the company’s approach since it completed its merger with Semler Scientific in January 2026.
The most recent purchase came the week prior: 759 BTC acquired between June 15 and June 21 at an average cost of $65,850 per coin. That transaction, disclosed in a separate 8-K, cost $50 million.
Strive sits on a paper bitcoin loss
With Bitcoin trading near $59,000 today, the position sits below that acquisition price by about $6,000 per coin — a paper loss that Strive’s cash-heavy, debt-free structure is designed to absorb.
Cole has built the company around a single thesis: Bitcoin should serve as the hurdle rate for all capital allocation. Every investment Strive makes is benchmarked against Bitcoin’s performance. The company reported a Q1 2026 Bitcoin yield — a metric tracking per-share growth in BTC holdings — of over 15%, a figure that reflects the pace of its acquisition campaign.
Strive’s preferred stock instrument, SATA, began paying cash dividends on each business day starting June 16, 2026. The company bills it as the first listed security in U.S. capital markets history to distribute cash on every trading day.
To backstop that obligation through a potential downturn, Strive has extended its cash reserve runway to 18 months — calibrated against the depth of the 2022–2023 Bitcoin bear market.
The pause in accumulation this week leaves the treasury at 19,864 BTC. At current prices, that stack carries a market value near $1.19 billion. With $141.7 million in unencumbered cash and no margin exposure, the company sits in a position to scale or hold — both outcomes built into the structure from the start.
Leave a comment