- Strive purchased another 381 Bitcoin, bringing total holdings to 15,391 BTC
- The company still holds over $87 million in cash alongside large Strategy-linked investments
- Analysts continue raising price targets as Strive accelerates its Bitcoin accumulation strategy
Strive, Inc. continues aggressively expanding its Bitcoin treasury after purchasing another 381.61 BTC between May 13 and May 18 at an average price near $79,348 per coin. The latest acquisition pushes the company’s total Bitcoin holdings to 15,391 BTC, further strengthening its position among publicly traded corporate Bitcoin holders.
The purchase comes as more institutions continue adopting Bitcoin-focused treasury strategies despite recent market volatility and macroeconomic uncertainty.
Strive Still Has Significant Capital Available
Alongside its growing Bitcoin position, Strive disclosed roughly $87.3 million in cash and cash equivalents as of May 18. The company also maintains nearly $50 million in holdings tied to Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, giving it additional exposure to the broader Bitcoin treasury ecosystem built around Michael Saylor’s firm.
Strive’s capital structure includes multiple share classes and perpetual preferred stock products, which analysts believe are helping the company raise capital efficiently while continuing to scale its Bitcoin accumulation strategy.
Analysts Are Becoming Increasingly Bullish
Several Wall Street firms have recently raised price targets on Strive following stronger-than-expected Bitcoin accumulation during the first quarter of 2026. Analysts at TD Cowen pointed to the company’s updated preferred share structure and daily dividend adjustments as improving overall capital efficiency.
Meanwhile, H.C. Wainwright increased its own price target after previously initiating coverage with a Buy rating, citing confidence in Strive’s rapidly expanding Bitcoin treasury and its ability to maintain favorable market-to-net-asset-value dynamics.
The company’s Bitcoin strategy has also benefited from strong demand surrounding SATA, its perpetual preferred stock offering tied closely to treasury expansion efforts.
Corporate Bitcoin Competition Keeps Growing
Strive’s continued accumulation reflects a much larger trend across public markets as companies increasingly position Bitcoin as a long-term treasury reserve asset. While firms like Strategy still dominate total BTC holdings, newer entrants are rapidly building sizable positions using similar financing structures tied to equity issuance and preferred shares.
As Bitcoin adoption among corporations expands, investors are increasingly viewing treasury-heavy firms not just as operating businesses, but also as leveraged vehicles for institutional Bitcoin exposure.
For now, Strive appears committed to accelerating its BTC strategy while analysts continue betting that institutional demand for Bitcoin-linked corporate vehicles still has room to grow.
