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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

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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 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.

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.