Jeff Walton, Strive’s chief risk officer, announced that the company was raising $8.1 million in capital per day for its Bitcoin treasury. According to Walton, if this pace is maintained, the company can raise up to $15.5 billion through the issuance of preferred shares and purchase approximately 175 thousand BTC more at current market prices.
The company’s Bitcoin purchases accelerated
The assessment shared by Walton on June 3 coincided with Strive’s Bitcoin purchases, which reached record levels in recent weeks. The company, which is traded on Nasdaq under the code ASST, continues to grow its Bitcoin accumulation with the resources it collects through the privileged share program called SATA. Strive is among the publicly traded companies that have made holding Bitcoin on their balance sheet one of their core strategies.
The company currently has 19 thousand BTC in its Bitcoin treasury. Between May 23 and June 1, 2,500 BTC were purchased for approximately $185.2 million. The purchases were almost entirely funded by SATA sales, with the average cost being $74,092 per coin.
Jeff Walton noted that last week was the largest single-week non-IPO buying period in the company’s history, surpassing the previous record set just two weeks ago.
According to BitcoinTreasuries.net data, Strive is the seventh company that holds the most Bitcoin among publicly traded companies. In this area, the company is ahead of Coinbase, which holds 16,492 BTC, and Riot Platforms, which holds 15,680 BTC. It was reported that Strive, which had only 69 BTC in September 2025, has made 17 separate purchases since then.
| Company | Bitcoin existence |
|---|---|
| Strive | 19,000 BTC |
| coinbase | 16,492 BTC |
| Riot Platforms | 15,680 BTC |
| Strategy | 843,706 BTC |
He also touched upon the Strategy debate
Walton also defended Strategy, the largest institutional holder of Bitcoin. The company’s sale of 32 BTC worth approximately $2.5 million to cover preferred stock dividends last week created question marks in the market. Walton said that this transaction should be evaluated within a broader balance sheet management framework.
Walton emphasized that selling a small amount of Bitcoin allowed Strategy to increase its cash reserves by up to $29 million at the same time, which represents a 3.3% increase on a weekly basis.
Walton also stated that while Bitcoin price has decreased by 10% in the last 34 trading days, Strategy’s market value has remained relatively flat. Accordingly, the company fell only five places in the market capitalization ranking among publicly traded companies in the United States, falling to 233rd place.
Regulatory conditions stand out in the 175 thousand BTC account
However, Walton’s calculation for purchasing 175 thousand additional BTC is based on a number of assumptions. This projection requires the company to continue raising capital every day at the current pace and direct all of the resulting funds to purchase at today’s Bitcoin price.
In practice, this goal appears to be more complex. Additional regulatory steps are required for the $15.5 billion SATA export in question. These include updated SEC filings that will allow Strive to expand its previously announced in-market sales programs by $4.2 billion.
Mini glossary: SEC is the U.S. Securities and Exchange Commission. Issuance processes, notifications and in-market sales programs regarding shares and similar capital instruments of public companies are subject to the supervision of this institution.
According to Google Finance data, ASST stock traded at $15.43 today, bringing the company’s market value to approximately $1.19 billion. Although the stock is up more than 100% in the last three months, it remains significantly below its 2025 peak.
