Strive Raises Bitcoin Holdings to 19,921 BTC After 21-Coin Purchase

The small buy reinforces the company’s plan to keep accumulating bitcoin by selling Class A shares into the market and using perpetual preferred equity to fund purchases.

Overview

Strive disclosed Monday that it bought 21 bitcoin between July 13 and July 17 at an average price of about $63,221, raising its treasury from 19,900 BTC to 19,921 BTC.
The company’s cash and cash equivalents increased by $3.3 million to $157.4 million as it funded the purchase while continuing its at-the-market Class A share program.
Outstanding Class A shares rose by 443,797 to 73,869,961 during the reporting window as Strive converts equity proceeds into bitcoin rather than using convertible debt.
Strive reported a $393 million loss over its first six months as a public company tied to bitcoin accounting and share issuance, and the fair value of its 505,000 STRC preferred shares fell $1.1 million to $43.1 million.
The latest move kept Strive among the largest public corporate bitcoin holders, produced a roughly 4.3% stock pop, and underscored management’s stated $4.2 billion capital goal and the usual risks of digital-asset volatility and dilution.