Breaking: Bitcoin Treasury Firm Strive Buys $34M BTC As Strategy Pauses Buying Spree
Highlights
- Strive just bought another $34 million worth of Bitcoin.
- This acquisition rivals Strategy as it paused its Bitcoin acquisition spree this week.
- The ASST stock increased slightly after the latest purchase.
Vivek Ramaswamy’s Strive Asset Management (NASDAQ:ASST) announced another large Bitcoin buy at the beginning of the week. The company has doubled down on its consistent accumulation plan despite Michael Saylor-backed Strategy announcing no Bitcoin buys this week.
Strive Buys More Bitcoin This Week
On Monday, May 4, CEO Matt Cole announced the company has bought 444 BTC. The stash was acquired for a total cost of approximately $33.9 million at an average price of about $76,307 per coin.
The recent purchase increases the total amount of Bitcoin Strive has to around 15,000 BTC. According to on-chain crypto tools, the firm ranks number 9 in the world in terms of publicly disclosed holdings of Bitcoin treasury. The latest acquisition placed Strive just behind Coinbase and ahead of Hut 8.
Earlier, Strive announced an even bigger purchase last week. On April 27, the company announced that it had acquired 789 BTC for slightly over $61 million. at an average price of nearly $77,890. These two transactions are in line with the current policy of the company that focuses on Bitcoin treasury accumulation.
After the announcement, Strive’s ASST stock gained modestly by 0.87%, trading at 16.45 at the time of writing.
BTC Yield Data & SATA Issuance
Strive has been actively working to increase exposure to Bitcoin via a “buy and hold” strategy, similar to that of Strategy. Meanwhile, the company announced a quarter-to-quarter Bitcoin yield of 4.3, and a year-to-year performance of 18.7%.
Further disclosures indicate that in April 2026, Strive issued 584,730 SATA shares that are pegged to its accumulation of Bitcoin. The company also revealed an amplification ratio of 43%. For context, it is a metric to indicate how well the deployment of capital can be translated into exposure to Bitcoin.
However, it’s worth noting that Saylor recently announced that Strategy didn’t buy any BTC this week. This paused the company’s four-week long Bitcoin acquisition streak. Nonetheless, he hinted that the company would start buying Bitcoin as early as next week.
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