Strive in position to buy 10x BTC holdings at current fundraising pace, exec says

The chief risk officer of Strive, Jeff Walton, just shared that the Bitcoin treasury firm is raising $8.1 million in capital per day. At this pace, he claims Strive could generate enough capital to issue up to $15.5 billion in preferred stock and use those funds to purchase approximately 175,000 more Bitcoins at current market prices.

He made those comments today, June 3, as Strive (NASDAQ: ASST) continues its trend of record-breaking weekly Bitcoin purchases.

Walton claims that if the firm sustains its current fundraising pace through its SATA preferred stock program, it would be able to increase its total Bitcoin holdings by almost ten times.

Strive breaking records each week

Strive’s Bitcoin treasury currently holds 19,000 BTC, after an aggressive acquisition of 2,500 coins between May 23 and June 1 for roughly $185.2 million, according to Cryptopolitan’s previous reports. The purchase was funded almost entirely through SATA sales, at an average cost of about $74,092 per coin.

Walton also stated yesterday, June 2, that last week was “the largest non-IPO single week buy in company history,” beating the record the company had set just two weeks earlier. “Strive team hit the BTC order book hard last week,” Walton said. “19,000 total BTC and picking up steam.”

As the seventh-largest public corporate Bitcoin holder according to BitcoinTreasuries.net, Strive sits ahead of Coinbase at 16,492 BTC and Riot Platforms at 15,680 BTC. According to Cryptopolitan, the company made 17 separate purchases since September 2025, when it held just 69 BTC.

Walton pushes back on Strategy skeptics

Walton also used the opportunity to defend Strategy (NASDAQ: MSTR), which is currently the largest corporate Bitcoin holder with 843,706 BTC, as Strategy recently faced questions following the decision to sell 32 Bitcoins last week for roughly $2.5 million, which it used to cover dividends for its preferred stock. 

Walton argued that most observers missed the bigger picture: selling a small amount of Bitcoin allowed Strategy to simultaneously boost its cash reserves by up to $29 million (a 3.3% weekly increase). He also projected that if the company maintains this trajectory, its cash position will grow to $2.25 billion by December, demonstrating a focus on overall liquidity alongside its Bitcoin accumulation.

Speaking on Strategy’s stock performance, Walton also noted that its market capitalization had stayed “relatively flat” over the past 34 trading days, even while the price of Bitcoin declined by 10% during that same period.

As such, the stability reduced the impact on Strategy’s market standing, with the company dropping only five positions in the market cap rankings to 233rd among all U.S. public companies.

“Yes composite stock markets are at ATH’s but middle of the pack is relatively flat,” Walton stated.

He also compared Strategy’s balance sheet to eBay’s, which sits just above MSTR at 232nd by market cap, highlighting the contrast between a traditional e-commerce company and one built around a Bitcoin treasury.

Does Strive’s math add up?

Walton’s projection that Strive could acquire 175,000 additional BTC depends on various factors, one of them being that the firm maintains its current daily fundraising rate indefinitely and invests every dollar into Bitcoin at today’s market price.

In reality, however, achieving this goal is more complex, as the $15.5 billion in proposed SATA issuance would require significant regulatory steps, including amended SEC filings that would allow Strive to officially expand its “at-the-market” programs by $4.2 billion as it previously announced.

According to Google Finance data, ASST shares are trading at $15.43 as of today, updating the company’s market cap to approximately $1.19 billion. The stock remains down sharply from its 2025 highs despite gaining over 100% in the past three months.

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