Charles Schwab, the country’s largest custodian for registered investment advisors, is on track to roll out spot cryptocurrency trading, transfers, and custody services for its advisor channel by mid-2027 — a move that could reshape how trillions of dollars flow into digital assets through professional wealth management.

The disclosure came at Schwab’s Advisor Services Midyear Media Roundtable on May 28, where Jalina Kerr, Managing Director and Head of Advisor Experience, confirmed the timeline. 

The advisor product is distinct from what Schwab rolled out to retail clients this spring. In April 2026, the bank announced Schwab Crypto™, a spot Bitcoin trading service for…

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Strive, a public company (NASDAQ: ASST), has acquired an additional 2,500 Bitcoin. The purchase totaled approximately $185.2 million at an average price of $74,092 per Bitcoin between May 23 and June 1, 2026. This brings the company’s total Bitcoin holdings to exactly 19,000 BTC.

The acquisition was funded primarily through Strive’s Variable Rate Series A Perpetual Preferred Stock (SATA). The company issued new SATA shares raising about $175.41 million, covering roughly 95% of the cost, with the remainder from Class A common stock sales. This marks another step in Strive’s strategy as a Bitcoin treasury-focused asset management firm.

The move was disclosed in an SEC 8-K filing and announced publicly. It positions Strive among the notable public companies holding significant Bitcoin reserves. The purchase occurred amid fluctuating Bitcoin prices during that week.

Bitcoin price has fallen below $68,000 on Tuesday, its lowest level since early April, battered by a multitude of forces. Some of them include Strategy’s first Bitcoin sale in three and a half years, a record ETF outflow streak, and fresh on-chain movement from the long-dormant Mt. Gox estate.

The catalyst that some think rattled markets was a disclosure from Strategy filed with the SEC on Monday. The company sold 32 Bitcoin between May 26 and May 31, fetching an average bitcoin price of $77,135 per coin for total proceeds of roughly $2.5 million. 

The sale is intended to fund distributions on STRC, Strategy’s perpetual preferred stock carrying an 11.5% annual variable dividend.

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Mt. Gox has moved 10,422 bitcoin worth about $739 million, marking its largest transfer in months as the deadline for creditor repayments approaches in October 2026.

Blockchain data from Arkham Intelligence shows the transfer took place in Bitcoin block 952,072 at 04:47 UTC on June 2. Of the total, 10,306 BTC was sent to a new address with no prior transaction history, while 116 BTC was routed to a known Mt. Gox hot wallet. 

A later transaction moved another 116 BTC to a separate address, along with a small test transfer to a Bitstamp cold wallet.

The structure of the transfer mirrors earlier movements tied to administrative preparation for creditor payouts. In past cases, similar…

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Strive, Inc. moved on weakness in bitcoin’s price, acquiring 2,500 BTC for roughly $185.2 million at an average of $74,092 per coin. The purchase, disclosed via an SEC Form 8-K filing on June 2, lifts the Dallas-based treasury company’s total bitcoin holdings to 19,000 BTC — planting it among the top ten publicly traded corporate holders of the asset.

Strive launched in 2022 as an anti-ESG asset manager, founded by entrepreneur Vivek Ramaswamy with a focus on shareholder-first capital allocation. In September 2025, shareholders of Asset Entities Inc. approved a merger with Strive Enterprises to form a combined, publicly listed entity under the ASST ticker. 

The transaction gave…

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