Strive, Inc. filed an 8-K with the SEC on June 29 disclosing no Bitcoin purchases in the week ending June 26. The company's balance sheet held steady at 19,864 BTC, $141.7 million in cash, and a $37.7 million position in preferred stock issued by Strategy (STRC). Cash declined $2.8 million from the prior week's $144.5 million.
The accumulation pause came after Strive deployed $50 million in the preceding week, acquiring 759 BTC at an average price of $65,850 per coin between June 15 and June 21. With Bitcoin trading near the $61,500 mark at publication, the position sits at a paper loss of roughly $6,000 per coin against that recent purchase price.
CEO Matthew Cole designed the company's structure around absorbing such fluctuations without leverage. In a post on X, Cole described the balance sheet as built to "move aggressively or wait patiently with deep reserves, no debt, no margin & no encumbered Bitcoin." The capital allocation thesis is explicit: every investment Strive makes is benchmarked against Bitcoin's performance. In the first quarter of 2026, the company reported a per-share Bitcoin yield of over 15 percent, reflecting the pace of its acquisition campaign.
Strive completed its merger with Semler Scientific in January 2026 and has built its Bitcoin position from zero in under a year, reaching the seventh-largest corporate Bitcoin holding in the world. The company's cash runway has been extended to 18 months, calibrated against the severity of the 2022–2023 bear market to backstop cash dividend obligations on its preferred security, SATA, which began paying cash distributions on every business day starting June 16.
At current market prices, Strive's Bitcoin stack carries a market value near $1.2 billion. With no margin exposure and cash unencumbered, the company's structure allows it to resume accumulation or hold through volatility without force-liquidating assets or tapping borrowed funds.