Bitcoin Magazine
Strive (ASST) Adds 113 Bitcoin at an Average Price of $68,584 per BTC
Strive has expanded its Bitcoin treasury with a new acquisition of 113 BTC, reinforcing a steady accumulation strategy among publicly traded firms increasingly treating Bitcoin as a core balance-sheet asset.
According to a recent filing, the company purchased the Bitcoin for approximately $7.75 million, implying an average price near $68,584 per BTC. The latest addition brings Strive’s total holdings to 13,741 BTC.
The move comes during a period of elevated volatility across digital asset markets, with Bitcoin trading around the $70,000 level. Despite price fluctuations, corporate demand continues to provide a structural bid, particularly from firms pursuing long-term treasury diversification strategies.
Strive’s accumulation pattern reflects a disciplined, incremental approach rather than large one-off purchases.
Bitcoin as a strategic reserve asset for Strive
Corporate Bitcoin adoption, once a niche strategy, has expanded significantly since 2020. Early adopters framed Bitcoin as a hedge against currency debasement and a non-sovereign store of value. That narrative has since evolved into a broader institutional thesis, positioning Bitcoin as a “digital reserve asset” alongside cash and fixed-income instruments.
Firms such as Strategy pioneered the model of converting significant portions of corporate treasuries into Bitcoin, setting a precedent that has influenced a growing number of public companies. Strive’s latest purchase reflects continued adherence to that framework, albeit at a smaller scale.
The company’s total holdings of 13,741 BTC now place it among a cohort of corporate treasuries that collectively control a meaningful share of Bitcoin’s circulating supply.
While still far below industry leaders, the accumulation trend underscores a broader shift in corporate finance, where digital assets are increasingly integrated into capital allocation strategies.
Earlier today, Strategy said they acquired 4,871 BTC for about $329.9 million between April 1–5, bringing its total holdings to roughly 766,970 BTC valued at around $58 billion. The purchases were funded through at-the-market equity programs, including preferred stock (STRC) and common share sales, as the company continues using capital markets to expand its Bitcoin treasury strategy despite ongoing unrealized losses of about $14.46 billion in Q1.
Despite reporting a significant paper loss on its Bitcoin holdings, both Strive and Strategy remains committed to its aggressive accumulation approach, with management reaffirming Bitcoin as its primary treasury reserve asset and investors continuing to treat the company as a leveraged proxy for Bitcoin exposure.
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This post Strive (ASST) Adds 113 Bitcoin at an Average Price of $68,584 per BTC first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
