Strive acquired 759 BTC for $50 million at an average price of $65,850 per coin

Bitcoin-focused treasury firm Strive made headlines this week with a major acquisition, purchasing 759 BTC between June 15 and June 21. According to a recent filing with the US Securities and Exchange Commission (SEC), the total value of this purchase was approximately $50 million. The company completed the transactions at an average price of $65,850 per Bitcoin, pushing Strive’s total Bitcoin holdings to 19,864 BTC.Largest weekly BTC accumulation in recent monthsStrive surpassed Strategy in weekly BTC purchasesCash position and shares on the rise Largest weekly BTC accumulation in recent monthsThis latest acquisition stands as Strive’s largest weekly Bitcoin accumulation in recent months. For comparison, the company had only acquired 32 BTC and 73 BTC during the previous two reporting periods combined, totaling around $6.8 million. The sharp increase highlights a significant acceleration in Strive’s Bitcoin accumulation strategy.The Dallas-based company is rapidly strengthening its position as an institutional player holding Bitcoin directly on its balance sheet. This approach, known as a “Bitcoin treasury” strategy, refers to corporations holding a portion of cash reserves as Bitcoin for long-term value retention or capital management.Glossary: A Bitcoin treasury is a strategy in which a company holds Bitcoin as a reserve asset on its balance sheet, allocating some of its cash-like resources to Bitcoin for long-term value preservation or capital management. According to the disclosure filed with the SEC, Strive purchased 759 BTC between June 15 and June 21, at an average price of $65,850 per Bitcoin, inclusive of fees and related costs.Strive surpassed Strategy in weekly BTC purchasesWhile Strategy retains its position as the world’s largest institutional Bitcoin holder, Strive eclipsed it in terms of weekly Bitcoin purchases during this period. Strategy reported purchasing 520 BTC in the same timeframe, meaning that Strive, despite its smaller size, executed a rarer occurrence in the market—outbuying the sector leader in weekly BTC volume.Beyond its direct Bitcoin holdings, Strive’s balance sheet also includes 505,000 shares of Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock (ticker STRC). The fair value of these shares dipped slightly during the reporting period, settling at approximately $44.7 million.Strive’s SEC filing also revealed a strengthening financial profile. The company’s cash and cash equivalents rose from $141.4 million to $144.5 million. During this period, its outstanding Class A common shares increased by roughly 1.9 million, bringing the total up to 71.8 million.Strive entered the ranks of publicly traded Bitcoin treasury companies following a merger with Semler Scientific in January 2026. This deal added 5,048 BTC to its balance sheet and laid the groundwork for its treasury-driven business model. Since then, Strive has steadily grown its Bitcoin reserves, surpassing the 15,000 BTC mark at the start of May.Following its most recent acquisitions, Strive’s Bitcoin holdings are now approaching the 20,000 BTC threshold. The company’s aggressive accumulation in recent weeks points to its emergence as one of the fastest-growing institutional Bitcoin holders.Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.