Strive becomes debt-free after building a 15,009-Bitcoin treasury

Strive (Nasdaq: $ASST) disclosed in its quarterly filing that it held 15,009 bitcoin:native as of May 12 and had no short- or long-term debt outstanding. After quarter-end, the company retired the remaining $10 million of Semler Scientific's 4.25% convertible notes. The Dallas-based firm purchased 1,381 BTC between April 1 and May 12 at an average price of $76,524 per coin. Its January merger with Semler added 5,048 BTC and folded the medical device maker into Strive as a subsidiary. Strategy remains the largest corporate holder with 818,869 bitcoin:native. Strive's holdings now rank 11th among public companies, and it has eliminated its debt. Corporate buy-the-dip activity shows no sign of easing.