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Get filing alertsStrive reports 24% BTC Yield in Q2, doubles preferred stock to $783M
Filed July 6, 2026 · Period ending July 6, 2026 · ~1 min read
Key Changes
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Q2 2026 BTC Yield reached 24.0% as bitcoin per diluted share rose from 18,931 to 23,465 satoshis; company acquired 6,236 bitcoin at average cost of $74,290 during the quarter.
Item 8.01 — Other Events verify on EDGAR → -
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Preferred stock (SATA) nearly doubled from $437M to $783M stated amount while debt was eliminated; amplification ratio increased from 47.1% to 67.2%, with annualized interest obligation rising to $102M.
Item 8.01 — Other Events verify on EDGAR → -
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Total bitcoin holdings reached 19,864 as of June 30 (average cost $94,761 per coin); company held $141.7 million.5M cash and $42.9M in STRC Stock, with total balance sheet growing from $1.07B to $1.35B.
Item 8.01 — Other Events verify on EDGAR → -
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Purchased 17.76 bitcoin at ~$59,850 each during June 29–July 2, bringing holdings to 19,882 bitcoin as of July 2.
Item 8.01 — Other Events verify on EDGAR → -
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Class A common stock increased by 1,081,004 shares from June 26 to July 2, reaching 72,945,813 shares outstanding.
Item 8.01 — Other Events verify on EDGAR →
Summary
Strive disclosed preliminary Q2 2026 results showing aggressive expansion of its bitcoin treasury strategy. The company achieved a 24% BTC Yield for the quarter, meaning its bitcoin holdings per diluted share grew substantially even as it issued equity and preferred stock. Total bitcoin holdings reached 19,864 coins with an average acquisition cost of $94,761, while the balance sheet expanded 26% to $1.35 billion.
The financing mix shifted dramatically: Strive eliminated its $10 million debt balance but nearly doubled its preferred stock from $437 million to $783 million stated amount. This leverage strategy drove the amplification ratio to 67.2%, though it also increased the annualized interest obligation to $102 million.
The company continues acquiring bitcoin opportunistically, adding 17.76 coins in early July at prices around $59,850. For holders, the key question is whether the 24% quarterly BTC Yield justifies the rising cost of preferred stock financing. The company is executing its stated strategy of accumulating bitcoin through dilutive capital raises, but the sustainability depends on bitcoin price appreciation exceeding the dilution and financing costs. Note that the filing's own metrics table shows bitcoin's market price at $58,631 as of the most recent period — below the company's $94,761 average cost — leaving its 19,864 BTC holdings underwater on a fair-value basis, with those unrealized losses flowing through net income under ASU 2023-08.
Section-by-Section Diff
Event · Item 8.01 — Other Events
Strive purchased 17.76 bitcoin at ~$59,850 each and disclosed Q2 2026 preliminary results showing 19,864 total bitcoin held, $141.7 million.5M cash, and 24.0% BTC Yield.
Added in current filing · verify on EDGAR →
As of June 30, 2026, Strive held $144.5 million of cash and cash equivalents, STRC Stock with a fair value of $42.9 million, and 19,864 bitcoin, which were acquired at an average cost of $94,761 per bitcoin. During the three-months ended June 30, 2026, the Company acquired 6,236 bitcoin at an average cost of $74,290 per bitcoin.
Strive disclosed preliminary Q2 2026 results showing $141.7 million.5 million in cash, 19,864 bitcoin (acquired at an average cost of $95.1 million,761 per bitcoin), and STRC Stock valued at $42.9 million. During Q2, the company acquired 6,236 bitcoin at an average cost of $74,290 per bitcoin. The company's total balance sheet grew from $42.9M at March 31, 2026 to $1,351,993 thousand at June 30, 2026.
Added in current filing · verify on EDGAR →
Bitcoin per assumed diluted share (SATs) 13,946 17,037 18,931 23,465 BTC Yield % (QTD) N/A 22.2 % 11.1 % 24.0 % BTC Gain (QTD) N/A 1,305 848 3,264 BTC $ Gain (QTD in thousands) N/A $ 114,341 $ 57,834 $ 191,347 Amplification ratio — % 30.1 % 47.1 % 67.2 %
Strive reported a 24.0% BTC Yield for Q2 2026, meaning bitcoin per assumed diluted share increased from 18,931 to 23,465 satoshis. The company's amplification ratio (measuring leverage in bitcoin acquisition strategy) increased from 47.1% at March 31, 2026 to 67.2% at June 30, 2026. The company's annualized interest obligation grew from $56,183 thousand to $101,784 thousand, reflecting increased use of preferred stock financing.
Added in current filing · verify on EDGAR →
Debt principal balance (in thousands) $ — $ — $ 10,000 $ — SATA at stated amount (in thousands) $ — $ 201,273 $ 437,319 $ 782,950
Strive eliminated its $10 million debt principal balance that existed at March 31, 2026, ending Q2 with zero debt. However, the company significantly increased its Variable Rate Series A Perpetual Preferred Stock (SATA) from a stated amount of $437,319 thousand at March 31, 2026 to $782,950 thousand at June 30, 2026, nearly doubling the preferred stock outstanding during the quarter.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 7, 2026 · How we verify