Bitcoin-focused treasury firm Strive Inc. has secured an additional $30.8 million through preferred stock offerings, reinforcing its aggressive accumulation strategy for Bitcoin. The latest fundraising comes as the company continues expanding its BTC reserves, while competitor Strategy’s STRC stock struggles to maintain momentum.
Strive Expands Bitcoin Treasury With New Capital Raise
Strive reportedly used its latest at-the-market (ATM) offering on May 26, generating approximately $30.78 million in net proceeds from the sale of around 315,700 shares. Based on treasury estimates, the company may have acquired roughly 402 BTC from the latest fundraising activity.
Data indicates Bitcoin purchases were calculated using an estimated average acquisition price near $76,544 per BTC. Meanwhile, daily trading volume for Strive’s SATA preferred stock exceeded $58 million.
The company recently disclosed another major Bitcoin purchase, revealing it acquired 1,109 BTC in a single week for nearly $85.4 million. Regulatory filings suggest an average buying price close to $76,988 per Bitcoin.
Bitcoin Holdings Grow Beyond 16,000 BTC
Following recent purchases, Strive’s total Bitcoin reserves have climbed to approximately 16,500 BTC. At current market prices, those holdings are valued near $1.27 billion.
Only weeks earlier, the company reported holdings of roughly 15,391 BTC, highlighting the rapid pace of accumulation. The continued buying activity has positioned Strive among the fastest-growing publicly traded Bitcoin treasury firms.
Recent treasury expansion has reportedly pushed Strive’s Bitcoin reserves above those held by major firms such as Coinbase and Riot Platforms.
Performance Metrics Show Strong BTC Strategy Results
Strive also released updated internal metrics tied to its Bitcoin treasury performance. According to the company, Bitcoin yield reached 11% quarter-to-date and 23.4% year-to-date.
Additionally, Strive reported a 45.2% amplification ratio — a metric closely monitored by investors evaluating capital efficiency and treasury performance.
Strategy Slows Bitcoin Buying Activity
At the same time, Strategy, led by Michael Saylor, appears to be reducing the pace of Bitcoin purchases while focusing on balance sheet restructuring.
The company recently allocated approximately $1.38 billion in cash to repurchase $1.5 billion in convertible senior notes due in 2029, completing the transaction at an estimated 8% discount.
Earlier this year, Strategy raised more than $2 billion through STRC share sales to fund purchases of nearly 24,869 BTC. However, STRC stock recently traded below its preferred $100 target price, closing around $99.47.
Despite ongoing support for a Bitcoin-centric treasury model, recent market performance suggests investor sentiment toward STRC remains cautious.
