Purchased by Strive, Inc. 17.76 bitcoins last week and now owns 19,882 coins, the company said in a Form 8-K filed earlier today.
The company purchased the coins between June 29 and July 2 at an average price of approximately $59,850. CEO Matt Cole It has been detected Update in a post on X.
The purchase is seen as a deliberate nod to the 4th of July holiday. The number 17.76 refers to the year 1776, the year in which the United States declared its independence. Purchases fell days before the 250th anniversary of the announcement in the country.
The weekly purchase was small. A quarter behind it was not. He works hard acquired 6,236 Bitcoin during the three months ending June 30, at an average cost of $74,290 per coin. This amount increased its treasury from 13,628 coins at the end of March to 19,864 at the close of the quarter.
The company reported a 24.0% Bitcoin return for the second quarter, which is its own measure of the change in Bitcoin per share. It recorded a Bitcoin gain of 3,264 coins and an inflation rate of 67.2%.
Strive uses these metrics to judge whether its capital increase adds bitcoin per share. The company cautions that these are not traditional financial measures and excludes its preferred debt and claims.
Strive to buy through sharp price drops. Bitcoin Traded Nearly $114,332 in September 2025. The second quarter closed near $58,631. The decline reduced the market value of Strive holdings and the cost of new coins. The company’s blended cost basis was $94,761 per coin as of June 30, higher than recent purchase prices.
The balance sheet grew during the quarter. Strive had $144.5 million in cash as of June 30, up from $95.1 million in March. It also owns 505,000 shares of strategy stock STRC Preferred stock valued at $42.9 million. Total balance sheet assets amounted to approximately $1.35 billion.
We are striving to transition to a Bitcoin-first company
This growth carries an increasing monetary cost. Fund the purchases in part through its floating-rate Class A perpetual preferred stock, which trades as sata. The preferred pays cumulative monthly cash dividends at an annual rate of approximately 12.25%.
The reported amount of SATA owed rose to $783 million by June 30. The company’s annual dividend commitment rose to $101.8 million, compared to $56.2 million in March.
Strive is one of the new entrants to the Bitcoin vault space. Founded in 2022 by Vivek Ramaswamy, an asset manager Fired Its accumulation strategy in September 2025 through merger with asset entities.
Later Agreed To buy bitcoin holder Semler Scientific in an all-stock deal, which added nearly 5,000 coins and received approval this year. Cole, the former CalPERS executive, runs the combined company.
The recording carried standard warnings. Strife said its quarterly closing procedures are not complete and that the numbers are preliminary and unaudited. She noted that its stock price could differ from the value of its bitcoin. She said past returns do not predict future results.
Earlier today, the MSTR strategy was introduced. He said They sold a record 3,588 Bitcoin for $216 million to fund a dividend on its preferred securities, marking the largest Bitcoin sale ever.
