As part of its ongoing bitcoin-focused treasury strategy, Strive (ASST) purchased 18 bitcoin for roughly $1.2 million over the past week. The acquisition lifts the company's total holdings to 19,900 BTC, edging it closer to the 20,000 mark. Alongside its expanding bitcoin position, Strive reported maintaining $154.1 million in cash reserves, signaling that the firm retains liquidity while accumulating the asset. The move reflects a broader trend of publicly traded companies adopting bitcoin as a core treasury reserve, following the model popularized by firms seeking exposure to the cryptocurrency on their balance sheets. Strive's continued purchases, even in relatively small increments, underscore its commitment to integrating bitcoin into its long-term financial approach. The company has positioned itself among corporate holders steadily building sizable bitcoin treasuries as part of their capital allocation and strategic planning.
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