Strive moved into the top 10 corporate holders of Bitcoin after acquiring an additional 317 BTC, bringing its total reserves to approximately 13,628 BTC as of March 18, 2026. Founded as a structured finance firm with a focus on digital credit, Strive went public just six months ago and has used several capital strategies to quickly build one of the largest corporate Bitcoin treasuries worldwide.
Strive’s Rapid Bitcoin Accumulation
The company secured nearly 5,900 Bitcoin through private placements and exchange transactions, accumulating significant reserves in a brief period after its public debut. A notable portion of its recent growth also followed the acquisition of Semler Scientific, a healthcare technology company. This merger added 5,048 Bitcoin to Strive’s balance sheet, strengthening its position relative to other major corporate holders such as Tesla and CleanSpark.
Financial Performance and Strategic Funding Moves
According to the latest quarterly earnings report, Strive’s CEO Matt Cole confirmed the latest Bitcoin count and described the progress as central to the company’s mission. Although the company posted a net loss of $393.6 million from its listing to the end of 2025, most of this was due to non-cash items. Unrealized losses from the drop in Bitcoin value during the period accounted for about $194.5 million, while impairments linked to the Semler acquisition contributed another $140.8 million. Transaction costs added $12.4 million to the overall deficit, and the adjusted loss for common shareholders reached $208.2 million, or $4.73 per diluted share, factoring in a recent reverse stock split.
In a statement addressing recent developments, Cole outlined the company’s focus. He explained that early results justified the strategy of tying structured capital initiatives directly to digital asset exposure, remarking:
Out of the numerous successes Strive had in our first six months as a public company, the most important was cementing our foundation as a structured finance company laser-focused on digital credit.
Strive’s funding channels included private placements, stock transactions, and capital markets activity. Beyond the Semler acquisition, these maneuvers resulted in another 2,694 Bitcoin being added to the corporate treasury. The use of diverse funding streams highlighted a sophisticated approach to scaling asset reserves efficiently.
The latest quarter also put a spotlight on Strive’s SATA perpetual preferred stock strategy. SATA is a variable-rate product with the goal of generating double-digit yields but with reduced volatility and trades independently on Nasdaq. Strive launched SATA with an initial public offering in November 2025, selling two million shares at $80 each and raising approximately $148 million in net proceeds. A subsequent January offering added another $109 million at a higher price point.
The company’s Bitcoin yield stood at 22.2% for the fourth quarter, with management noting a 13.8% yield in the period through mid-March. This translated to a gain of 1,305 Bitcoin in Q4 2025 and an additional 1,050 so far in 2026, according to official disclosures.
Strive, established as a digital asset-focused finance firm, has focused its capital markets and treasury strategy on increasing Bitcoin reserves. The institution’s rapid capital deployment and merger activity have materially transformed its balance sheet, marking it as a rising player in the evolving landscape of corporate Bitcoin investment.
