Strive adds 2,500 bitcoin to hit 19,000 BTC a day after Strategy turns seller

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Strive adds 2,500 bitcoin to hit 19,000 BTC a day after Strategy turns seller Benchmark's Mark Palmer initiated coverage with a Buy rating and $32 price target as ASST shares fell 3.59% pre-market. By Shaurya Malwa Jun 2, 2026, 12:23 p.m. 1 min read Make preferred on What to know : Strive acquired 2,500 bitcoin for about $185.2 million at an average price of $74,092 per coin, bringing its total holdings to 19,000 BTC. The purchase, made amid a pullback in bitcoin’s price, follows Strive’s earlier buy at a higher average cost and comes as it reports a quarter-to-date BTC yield of 23.0 percent and year-to-date yield of 36.7 percent. Benchmark initiated coverage of Strive with a Buy rating and a $32 price target, implying roughly 93 percent upside from the company’s recent Class A share price despite a pre-market decline. Strive (ASST) has acquired 2,500 bitcoin for roughly $185.2 million at an average price of $74,092 per coin, the company reported in an 8-K filing. It was completed at a lower average price than Strive's last disclosed acquisition of 1,109 BTC at $76,989 on May 22, suggesting the company bought into the slide that has taken bitcoin from above $74,000 last week to roughly $70,800 by Tuesday morning, per CoinDesk data. Strive disclosed its quarter-to-date BTC yield at 23.0% and year-to-date yield at 36.7%, with an amplification ratio of 57.0%. The company said it also raised cash reserves to maintain an 18-month dividend reserve. Strive acquired an additional 2,500 $BTC for ~$185.2M at an average cost of ~$74,092 per bitcoin. STRIVE SNAPSHOT Bitcoin holdings: 19,000 QTD BTC Yield: 23.0% YTD BTC Yield: 36.7% Amplification ratio: 57.0% Cash was increased to maintain 18-month dividend reserve. $ASST $SATA pic.twitter.com/eTPHmMHBh1 — Matt Cole (@ColeMacro) June 2, 2026 The purchase lifts its total holdings to 19,000 BTC, data shows , and pushes the bitcoin treasury company further into the top 10 of publicly traded corporate holders. The filing comes as Strategy (MSTR), the largest corporate bitcoin holder, disclosed its first publicized sale of 32 bitcoin for $2.5 million at an average price of $77,135 on Monday, sparking a sell-off in BTC and the broader crypto market since. Meanwhile, Benchmark analyst Mark Palmer initiated coverage on Strive with a Buy rating and a $32 price target on Tuesday, implying roughly 93% upside even after the company's Class A common stock fell 3.59% to $16.58 in pre-market trading. More For You Bitcoin derivatives markets flashing warning signs as price plunges below $70,000 By James Van Straten , AI Boost | Edited by Stephen Alpher 12 minutes ago Open interest has risen to 773,000 BTC, one of the highest readings on record, while funding rates remain elevated despite weak spot demand and growing market fear. What to know : Bitcoin fell below $70,000 even as open interest climbed to 773,000 BTC and funding rates rose to 10% annualized, indicating leveraged traders are betting on a rebound, rather than reducing risk. The Coinbase Premium Index remains deeply negative near -100, highlighting a disconnect between leveraged bullish positioning and weak spot-market... Read full story Latest Crypto News Bitcoin ETF outflows are noise as Wall Street doubles down on crypto, says analyst 9 minutes ago Bitcoin derivatives markets flashing warning signs as price plunges below $70,000 12 minutes ago Tom Lee calls Strategy's bitcoin sale classic bottom behavior 19 minutes ago Symbiotic aims to make tokenized assets easier to cash out with new liquidity network 24 minutes ago Ripple’s dollar stablecoin expands to Turkey through three local platforms 34 minutes ago Bitcoin's slide may have more to do with AI than Strategy 1 hour ago Top Stories Bitcoin drops below $70,000 as stocks pause and Strategy's BTC sale weighs on crypto 7 hours ago Strategy sold bitcoin in late May, and told the market in June. Here's how Polymarket bettors are fighting over when it counts. 7 hours ago Mt. Gox moves 10,422 bitcoin worth $739 million to a new wallet as deadline nears 6 hours ago Bitcoin's biggest ETF selloff yet hits $3.4 billion as AI stocks keep climbing 5 hours ago MoneyGram launches stablecoin on Stellar, joining rush toward digital dollar payments 3 hours ago XRP falls 4% below $1.30 as bitcoin-led market weakness pulls down majors 5 hours ago