Strive Pauses Bitcoin Buying, Holds 19,864 BTC Worth $1.19 Billion

A company called Strive (stock ticker: ASST) is making big bets on Bitcoin — but this week, it hit pause.

Strive is a publicly traded company (meaning anyone can buy its shares on the stock market). It has been buying Bitcoin aggressively, and recently filed an official report with U.S. regulators (called an 8-K, a document companies use to share important news) to update everyone on its finances.

Here's the latest snapshot:

• 19,864 Bitcoin held (worth about $1.19 billion at current prices)
• $141.7 million in cash (down $2.8 million from the prior week)
• No new Bitcoin purchases this week

The company is sitting on a paper loss. A "paper loss" means the value has dropped on paper, but they haven't actually sold or lost real money yet. Strive's most recent purchase (759 Bitcoin) cost around $65,850 per coin. But Bitcoin now trades near $59,000 — so each coin is worth about $6,000 less than they paid.

Why isn't the company worried? Because of how it's built. CEO Matthew Cole says Strive has no debt, no margin (borrowed money to invest), and no Bitcoin tied up as collateral. This means it can survive a downturn without being forced to sell.

Strive also offers a special type of stock (called preferred stock, which pays regular cash to its owners) that uniquely pays out every single trading day — a first in U.S. history. To make sure it can keep paying, Strive has stocked up enough cash to last 18 months, even if Bitcoin's price crashes.

The big picture: Strive's strategy is patient. It buys Bitcoin steadily, avoids risky borrowing, and keeps plenty of cash on hand. This week's pause doesn't signal trouble — it simply means the company is waiting for the right moment to either buy more or hold steady.

This is an AI-generated summary. Read the original article at: https://bitcoinmagazine.com/news/strive-asst-holds-19864-btc-no-new