Strive has increased its bitcoin treasury to 14,557 BTC after acquiring 789 BTC for $61.43 million, reinforcing its position among the top corporate holders globally. The accumulation reflects continued institutional conviction in bitcoin as a balance sheet asset.
The purchase was executed at an average price of დაახლოებით $77,890 per bitcoin, according to CEO Matt Cole. Based on current market levels, the firm’s holdings are valued near $1.3 billion. The latest acquisition places Strive as the ninth-largest corporate bitcoin holder, ahead of Hut 8 and behind Coinbase, per Bitcoin Treasuries data.
Are Corporate Bitcoin Treasuries Expanding Beyond Early Adopters?
Strive’s strategy mirrors a broader trend among public companies adopting bitcoin treasury models. Data from Bitcoin Treasuries shows corporate holdings have steadily increased over the past two years, though they remain concentrated among a small group of firms. Compared to early movers like Strategy, newer entrants are experimenting with financing structures to sustain accumulation.
The firm has funded purchases through capital markets activity, including a preferred equity instrument known as Variable Rate Series A Perpetual Preferred Stock (SATA). The security is structured to maintain a strike price between $99 and $100 while offering a variable monthly dividend. Analysts view such instruments as a way to attract yield-focused investors while indirectly increasing bitcoin exposure.
Strive has raised approximately $385 million through SATA offerings, including an initial $160 million issuance and a $225 million follow-on round. The company recently increased the dividend yield to 12.75% and tightened its trading range. It also announced plans with Tuttle Capital Management to launch an exchange-traded fund tracking SATA and a similar instrument issued by Strategy.
Earlier accumulation efforts included 5,886 BTC purchased through a PIPE investment and 5,048 BTC acquired via the Semler Scientific deal. The next catalyst will be whether capital markets demand for bitcoin-linked preferred securities can sustain further treasury expansion as market conditions evolve.
