Token Metrics data shows a neutral token-market signal as Strive just added 1,109 bitcoin to its balance sheet. This move makes it the seventh-largest public company holding BTC. Token Metrics token-market signal reads neutral right now.<\/p>\n
Corporate treasuries are getting interesting again. Strive is making moves that look a lot like Strategy. They just dropped a lot of cash on more bitcoin. This purchase happened over four days ending May 22. The average price was about $76,989 per coin. That puts them just under the current market price. The company filed the details with the SEC on Tuesday. This SEC filing<\/a> shows exactly how much they spent.<\/p>\n It is not just a small trade either. This latest buy adds serious weight to their balance sheet. Their total stash is now 16,500 BTC. That is a massive pile of digital gold. It pushes them up the rankings of public holders. They are now sitting in the number seven spot. This signals a strong belief in the asset long-term. Strive is not the only firm doing this. We are seeing a trend of companies hoarding BTC. They are treating it as a reserve asset. This creates a supply shock effect over time. Less bitcoin is available on the open market. That can drive prices up if demand stays high.<\/p>\n The firm also has cash on hand right now. Cash and equivalents rose to $93.3 million recently. That was up from $87.3 million in the prior report. They also hold some STRC preferred stock. That stock is worth over $50 million now. This gives them ammo for more buying later. It shows they are serious about this strategy. They are not just dipping a toe in the water. They are diving in headfirst.<\/p>\n The market has noticed this aggressive buying. Strive’s stock has performed very well lately. Shares of ASST are up 133% in three months. That is a huge run for any company. It beats most other crypto-related stocks. However, the stock is still down from its peak. It remains more than 90% below its 2025 high. That shows how volatile this sector can be. Investors are excited but still cautious. The stock is moving with the price of bitcoin. ASST was up about 3% in premarket trading. Bitcoin itself was hovering around $77,000. This correlation is key for shareholders. If BTC goes up, ASST usually follows. But the reverse is also true and risky.<\/p>\n\t\t