Strive Enters Top 10 Corporate Bitcoin Holders After 334 BTC Buy

What Led To Strive Bitcoin Holdings

Strive financed the latest Bitcoin acquisition using proceeds from an upsized and oversubscribed follow-on offering of its Variable Rate Series A Perpetual Preferred Stock (SATA), raising $225 million. 

First, the firm used this capital to reduce liabilities inherited from its Semler Scientific acquisition by retiring $110 million, or 92%, of assumed debt. This included exchanging $90 million in convertible notes into SATA shares and fully repaying a $20 million loan from Coinbase Credit. Next, Strive used remaining funds to buy 333.89 BTC at an average price of $89,851 per Bitcoin. 

Strive has built its BTC treasury at a rapid pace since first holding Bitcoin on September 2, 2025. In just over four months, it scaled from holding no BTC to over 13,000 BTC, combining direct market buys with the strategic acquisition of Semler Scientific, which contributed 5,048 BTC. Earlier in January 2026, Strive also purchased around 123 BTC at an average price of $91,561, lifting treasury levels to roughly 7,750 BTC at that time. This pace highlights how aggressively Strive Bitcoin holdings have expanded in a short timeframe.

However, market reactions to Strive’s Bitcoin strategy have been mixed. In prior announcements, Strive’s stock often fell despite the long-term treasury narrative. For example, after shareholders approved the Semler merger on January 13, 2026. Both Strive (ASST) and Semler (SMLR) shares declined, reflecting investor caution around integration risk and crypto volatility. 

Strategic Implications

Strive’s jump into the top 10 corporate Bitcoin holders highlights a deliberate treasury approach built around preferred equity rather than heavy leverage. This matters because it can expand Bitcoin exposure while limiting debt-driven balance sheet stress. Strive reports an amplification ratio of 37.2%, with 97.7% driven by preferred equity, alongside a quarter-to-date Bitcoin yield of 21.17%. 

More broadly, Strive’s rise reflects institutional momentum. Public companies collectively hold roughly 1.134 million BTC, about 5.4% of total supply. Therefore, surpassing CleanSpark signals intensifying competition in corporate Bitcoin accumulation, as firms race to build BTC-heavy treasuries and position themselves alongside leaders like MicroStrategy.

Future Outlook For Strive Bitcoin holdings

Looking ahead, Strive aims to retire the remaining $10 million of Semler-related debt by April 2026, further strengthening its balance sheet. At the same time, CEO Matt Cole has emphasized continued execution in managing a Bitcoin-powered treasury, suggesting more accumulation could follow. Analysts also note demand for the preferred stock offering reportedly exceeded $600 million, meaning Strive may have room to raise additional capital and expand its BTC holdings further if market conditions remain supportive.