Strive Adds 79 BTC, Lifts Bitcoin Treasury to 20,000

Strive boosted its Bitcoin treasury to 20,000 BTC after purchasing 79 BTC between July 20 and July 24. The company spent about $5.2 million, paying an average of $65,723 per coin plus fees. Strive began treating Bitcoin as a treasury asset in September 2025 and now holds roughly $1.3 billion worth. Among other major corporate holders, Strategy has more than 843,000 BTC, Twenty One Capital holds over 43,500 BTC, and Metaplanet holds about 43,000 BTC. The latest buy follows Strive's January 2026 merger with Semler Scientific, which brought in more than 5,000 BTC held on Semler's balance sheet. The transaction was settled in Strive shares with no cash paid, leaving Strive with cash capacity to continue accumulating crypto. The company also raised liquidity by selling ASST and SATA stock, giving it two sources of cash to support the new acquisition approach. Strive has authorized a capital-raising program of up to $4.2 billion and says it intends to convert proceeds into Bitcoin as funds are raised. As of July, cash reserves stood at $157.4 million, up from $154.1 million, even as the company reported a quarterly net loss of $393.6 million. Management says the priority is to increase "BTC per share" faster than spot BTC, a playbook similar to Strategy's, as more public companies continue to place bets on crypto. Strive became public in 2025 via a reverse merger through Asset Entities, with Matt Cole taking the CEO role. The NASDAQ-listed firm has kept buying Bitcoin while several peers have slowed purchases or reduced exposure. Satsuma Technology sold 579 BTC in December and voted this month to sell its remaining 668 BTC, exiting crypto entirely. Metaplanet has paused buying, and Smarter Web Company, Nakamoto, and other firms have also sold portions of their reserves. Strategy also recently paused its BTC purchases, with that update arriving on the same day as Strive's latest treasury buy. The report was first published by CryptoPotato.