Strive, Inc. (NASDAQ: ASST) has expanded its Bitcoin holdings by acquiring an additional 1,109 BTC, bringing its total to 16,500 BTC. The purchase, disclosed in an 8-K filing on May 26, cost approximately $85.4 million at an average price of $76,989 per Bitcoin. This acquisition positions Strive as the seventh-largest public corporate Bitcoin holder. The transactions occurred between May 19 and May 22, following earlier purchases in May of 382 BTC and 444 BTC. CEO Matt Cole confirmed the acquisition, emphasizing Bitcoin's role as a fundamental reserve asset for the company. Strive funds its Bitcoin purchases through a mix of preferred equity, common stock offerings, and strategic mergers. The company recently adjusted the dividend on its Variable Rate Series A Perpetual Preferred Stock (SATA) to 13%, aiming to attract investors to support its Bitcoin strategy. Strive plans to initiate new at-the-market programs for its Class A common stock and SATA preferred shares to maintain capital flow for future acquisitions.