Strive Raises $8.1M Daily to Fuel Aggressive Bitcoin Acquisition, Reaching Seventh-Largest Corporate Holder

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Strive Raises $8.1M Daily to Fuel Aggressive Bitcoin Acquisition, Reaching Seventh-Largest Corporate Holder — Image source: Unblock Media

Company amasses 19,000 BTC amid record daily fundraising for preferred stock.
Rapid capital raising targets $15.5 billion, prompting debate on large-scale corporate Bitcoin strategies.

Strive (NASDAQ: ASST) has become the seventh-largest public corporate holder of Bitcoin, rapidly acquiring 19,000 BTC through daily capital raises of $8.1 million via its SATA preferred stock issuance, as announced by Chief Risk Officer Jeff Walton. This record fundraising and Bitcoin acquisition have accelerated discussions on corporate treasury strategies and market impact.

On June 3, 2026, Cryptopolitan reported Strive’s pace of $8.1 million per day from preferred stock sales. Walton confirmed that maintaining this speed could enable the company to raise $15.5 billion in capital and purchase up to 175,000 additional Bitcoins at current prices.

Between May 23 and June 1, Strive bought 2,500 BTC for about $185.2 million, exclusively funded through preferred stock. According to BitcoinTreasuries.net, the average purchase price for these coins was $74,092. In less than a year, Strive increased its holdings from just 69 BTC in September 2025 to 19,000 BTC after 17 separate acquisitions.

Walton responded to market concern following peer company Strategy’s (MSTR) recent sale of 32 BTC. He emphasized that both companies manage capital to prioritize liquidity, sometimes selling Bitcoin to fund preferred stock dividends rather than adhering strictly to accumulation. Strategy remains the largest corporate Bitcoin holder globally, with 843,706 BTC as of May 31, 2026.

Strive’s rapid capital raising and Bitcoin buying have intensified investor and regulator debate over sustainability and the possible market effects of large-scale corporate Bitcoin treasuries. Walton noted that any expansion of the preferred stock program to reach $15.5 billion would require additional SEC approvals and amended regulatory filings.

As of June 3, ASST shares traded at $15.43 with a market capitalization of roughly $1.19 billion, more than double over the last quarter but still below 2025 highs, according to Google Finance.

As of June 3, 2026, 16:09 UTC, Bitcoin was trading at $65,996.60, with a -2.10% change in 24-hour trading volume, according to Market Survey.