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Get filing alertsStrive buys 1,109 bitcoin for $85M, issues 2.2M shares and 515K preferred stock
Filed May 26, 2026 · Period ending May 26, 2026 · ~1 min read
Key Changes
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high
Purchased 1,109 bitcoin at ~$77K each ($85.4M total) between May 19-22, bringing total holdings to 16,500 bitcoin. Company funded purchase through equity sales while maintaining cash position.
Item 8.01 verify on EDGAR → -
high
Issued 2.2M Class A shares (3.5% dilution) and 515K preferred shares during the period. Outstanding common shares increased from 63.7M to 65.9M as company raises capital for bitcoin strategy.
Item 8.01 verify on EDGAR → -
medium
Evaluating refresh of at-the-market equity programs for both common and preferred stock, signaling potential additional share issuance and dilution ahead to fund ongoing bitcoin purchases.
Item 8.01 verify on EDGAR → -
medium
Cash position increased $6M to $93.3M despite $85M bitcoin purchase, indicating company raised approximately $91M through equity sales to fund acquisition and maintain liquidity buffer.
Item 8.01 verify on EDGAR →
Summary
4 million purchase of 1,109 bitcoin over four days in late May, bringing total holdings to 16,500 coins. The company funded this acquisition by issuing 2.2 million common shares and 515,000 preferred shares, diluting existing shareholders by 3.5% while maintaining a healthy cash position of $93.3 million.
Retail investors should understand this represents Strive's core business model: raising equity capital to accumulate bitcoin. The 3.5% dilution in a single week is significant, and management's disclosure that it's evaluating a refresh of at-the-market programs signals more dilution is likely coming.
Shareholders are essentially betting that bitcoin appreciation will outpace the dilutive impact of continuous equity issuance. Watch for the ATM program refresh announcement and subsequent share issuance rates. The key metric is whether bitcoin's price gains exceed the pace of dilution—if Strive issues shares at this rate regularly, the dilution could materially erode per-share bitcoin holdings even as total holdings grow.
Section-by-Section Diff
Event · Item 8.01 — Other Events
Strive purchased 1,109 bitcoin for ~$77k each and issued 2.2M Class A shares and 515k preferred shares, evaluating ATM program refresh.
Added in current filing · verify on EDGAR →
during the period from May 19, 2026 through May 22, 2026, Strive purchased 1,109 bitcoin at an average price of approximately $76,989 per bitcoin, inclusive of fees and expenses
The company acquired 1,109 bitcoin at an average cost of approximately $76,989 per coin (including fees), increasing total bitcoin holdings from 15,391 to 16,500. This represents approximately $85.4 million in capital deployed to bitcoin during this four-day period.
Added in current filing · verify on EDGAR →
Strive is evaluating a near-term refresh of the at-the-market ("ATM") programs on its Class A common stock and SATA Stock.
The company is considering updating its at-the-market equity offering programs for both Class A common stock and preferred stock.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
Fair value of STRC Stock (in thousands) $49,800 $50,100 $300
The fair value of Strive's holdings in Strategy Inc. Variable Rate Series A Perpetual Stretch Preferred Stock increased modestly by $300,000 from $49.8 million to $50.1 million during the period.
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Figures/quotes linked to EDGAR · Narrative written by AI · May 28, 2026 · How we verify