U.S. financial services firm Strive Asset Management (NASDAQ: $ASST) has increased its Bitcoin (CRYPTO: $BTC) holdings to 16,500 tokens.
The company announced that it purchased 1,109 Bitcoin at an average price of $76,989 U.S. per coin in the four days ended May 22.
The latest acquisition brings the company’s total Bitcoin holdings to 16,500 BTC, up from 15,391 previously.
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Strive is now the seventh largest publicly traded company in terms of its Bitcoin holdings. Its BTC stack is worth $1.27 billion U.S. based on the cryptocurrency’s current price.
The new purchase by Strive is notable as few treasury companies have continued to acquire BTC as its price has struggled since last October.
The exception is Michael Saylor’s Strategy (NASDAQ: $MSTR), which has continued to accumulate Bitcoin as its price has fallen from a record high of $126,000 U.S. to $77,000 U.S.
ASST stock has surged 133% over the past three months to trade at $17.76 U.S. per share. However, the stock is down more than 90% from its 2025 peak.