Key Highlights
- Strive, Inc. now holds 13,628 BTC, making it one of the top 10 corporate Bitcoin holders globally.
- The company raised funds through private investments, acquisitions, and its SATA stock offerings to build its Bitcoin holdings.
- Despite a GAAP net loss of $393.6 million, Strive achieved a 22.2% Bitcoin Yield in Q4 2025 and continues to grow its Bitcoin portfolio.
Strive, Inc., a corporate treasury firm founded by Vivek Ramaswamy, has joined the top 10 largest corporate holders of Bitcoin (BTC) after reaching 13,628 BTC, worth roughly $968 million as of March 17, 2026.
The company was able to achieve this within about six months following its public listing in September 2025.
“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,” said CEO Matt Cole in an announcement.
How Strive built Its Bitcoin holdings
The company reported that most of its Bitcoin came from initial private investment and stock trades, which added 5,886 BTC. Strive also added 5,048 BTC when it acquired Semler Scientific, Inc., a company that already had Bitcoin saved.
Another 2,694 BTC came from capital market activities, including sales of Strive’s Variable Rate Series A Perpetual Preferred Stock, known as SATA, plus follow-on offerings. SATA is traded on Nasdaq and is designed to give investors steady returns with less risk.
The company also reported that it raised about $148.4 million from its first SATA sale in November 2025 at $80 per share, and another $109.2 million from a follow-up sale in January 2026 at $90 per share. These funds were used to buy more Bitcoin and pay off a $20 million loan from Coinbase Credit, which came with the Semler purchase.
$394 million in net loss
Despite the large accumulation, Strive reported a net loss of $393.6 million for the period ending December 31, 2025. Nearly half of this, about $194.5 million, came from unrealized declines in Bitcoin value as the asset fell from roughly $126,000 in October 2025 to around $72,000 in early 2026.
Impairment costs from Semler Scientific added $140.8 million, while transaction costs contributed $12.4 million. On a non-GAAP basis, the adjusted loss narrowed to $208.2 million, or $4.73 per diluted share after a reverse stock split.
Strive stock down 88% in 6 months
At the same time, Strive’s stock, ASST, is trading at $9.77, down about 88% over the past few months. However, the price started picking up recently, gaining over 20% in one month.
As a result, the company’s market cap has climbed to $652 million, with an average volume of $3.71 million, according to data from Robinhood.
Bitcoin yield and other ventures
Strive introduced a proprietary metric called “Bitcoin Yield” to track the performance of its holdings. With this measure, the firm reported a 22.2% yield in Q4 2025 and a 13.8% yield quarter-to-date through mid-March 2026.
This represents gains of 1,305 BTC in Q4 and 1,050 BTC so far in 2026, translating into roughly $114.3 million and $78.2 million, respectively.
Besides Bitcoin, Strive now owns Clinivanta, a healthcare business from the Semler deal. Michelle Fox became CEO in February 2026. As of March 17, 2026, Strive had $83.7 million in cash and $50.4 million in STRC preferred stock, showing the company is balancing Bitcoin investment with other financial assets.
Meanwhile, Bitcoin is currently trading at $69,195, down 3.03% today from an intraday high of $72,000, according to CoinMarketCap.
Also Read: Bitcoin’s Quantum-Resistant Future Gets Real as BIP-360 Goes Live on BTQ’s Testnet
