Strive Expands Bitcoin Treasury as BTC Tests Key Support Near $76,000
Strive Asset Management expanded its Bitcoin treasury holdings after purchasing 381.61 BTC between May 13 and May 18, according to a newly released SEC filing, reinforcing the growing race among public companies to accumulate digital assets during market pullbacks.
Summary:
- Strive bought 381.61 BTC between May 13 and May 18.
- Average acquisition price totaled roughly $79,348 per Bitcoin.
- Corporate treasury now holds 15,391 BTC alongside $87.3M in cash.
The firm acquired the Bitcoin at an average price of $79,348 per coin, including fees and expenses, bringing Strive’s total treasury holdings to 15,391 BTC.
Bitcoin Momentum Weakens Below $77,000
At the time of writing Bitcoin trades at $76,339 on Tuesday after failing to reclaim resistance around the $77,200 – $77,500 zone, with short-term momentum indicators continuing to soften.
The hourly chart shows BTC extending its intraday decline after multiple failed breakout attempts, while RSI dropped toward 40, signaling weakening bullish momentum without yet entering oversold territory.
MACD structure also remained bearish, with momentum flattening after the recent rebound attempt stalled.
Traders are closely watching the $76,000 level as immediate support. A breakdown below that area could expose downside toward the $75,000–$74,800 range, while reclaiming $77,500 would likely reopen momentum toward $78,500.
Corporate Buyers Continue Accumulating Into Weakness
Strive’s latest purchase suggests corporate treasury buyers continue treating market corrections as accumulation opportunities rather than trend reversals.
Management reiterated that Bitcoin now functions as the company’s primary capital allocation benchmark, effectively replacing traditional fiat-based hurdle rates.
READ MORE: Large Bitcoin Holders Increased by 11.2% Over the Past Year
The strategy mirrors a broader shift across publicly traded crypto treasury firms increasingly positioning Bitcoin as a long-term reserve asset rather than a speculative holding.
Debt-Free Treasury Structure Strengthens Balance Sheet
Alongside the latest Bitcoin purchases, Strive disclosed it now operates with zero long-term debt after retiring its remaining liabilities, including its Coinbase Credit facility.
As of May 18, the company reported:
- 15,391 BTC in treasury reserves
- $87.3 million in cash and equivalents
- $49.8 million invested in Strategy preferred stock (STRC)
Executives also confirmed that none of the company’s Bitcoin holdings are encumbered.
SATA Dividend Model Moves to Daily Yield
The treasury expansion follows a broader restructuring of Strive’s SATA preferred equity instrument.
Beginning June 16, SATA’s current 13% APR dividend will transition from monthly distributions to daily business-day payouts.
Management said the company’s Bitcoin reserves and liquidity position provide enough runway to sustain the structure for roughly 20 years under current assumptions.
Public Companies Deepen Bitcoin Treasury Race
Strive’s latest move adds to the accelerating wave of public firms aggressively expanding Bitcoin treasury exposure during periods of market volatility.
Analysts said the trend reflects growing institutional confidence that Bitcoin is evolving into a strategic reserve asset increasingly integrated into corporate balance-sheet management and long-duration capital strategies.
The information presented in this article is intended for informational purposes only and should not be interpreted as financial, investment, or trading advice. Coinspress.com does not promote or advocate for any particular investment strategy, asset, or cryptocurrency project. Cryptocurrency markets are highly volatile and unpredictable – always perform your own research and seek guidance from a qualified financial professional before making any investment decisions.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
