Strive has expanded its Bitcoin treasury with another major purchase, pushing its total holdings to 16,500 BTC as the company deepens its long term crypto accumulation strategy.
Key Takeaways
- Strive purchased 1,109 BTC between May 19 and May 22.
- The company’s total Bitcoin holdings have now reached 16,500 BTC.
- Strive’s SATA stock program reportedly bought more Bitcoin in one day than miners produced across the network.
- ASST shares have surged 133% over the past three months amid the company’s Bitcoin treasury expansion.
What Happened?
Strive has continued its aggressive Bitcoin buying strategy with the purchase of 1,109 BTC, according to a recent SEC filing. The acquisition lifted the company’s total Bitcoin holdings to 16,500 BTC, making it one of the largest publicly traded corporate holders of the digital asset.
The company’s latest buying activity also drew attention after estimates showed its SATA preferred stock program may have purchased more Bitcoin in a single day than the network’s daily mining output.
LATEST: 💰 Vivek Ramaswamy’s Strive acquired 1,109 BTC to bring its total holdings to 16,500 coins, making it the seventh-largest publicly traded corporate Bitcoin holder. pic.twitter.com/ivp50ayvn9
— CoinMarketCap (@CoinMarketCap) May 26, 2026
Strive Expands Bitcoin Treasury Strategy
According to the filing, Strive acquired the 1,109 Bitcoin between May 19 and May 22 at an average purchase price of about $76,989 per BTC. The company now ranks seventh among publicly traded firms holding Bitcoin on their balance sheets.
Strive has increasingly tied its corporate strategy to Bitcoin accumulation. Investors have responded positively to the move, with the company’s ASST shares climbing 133% over the past three months.
The company also reported holding $93.3 million in cash and cash equivalents, up from $87.3 million previously. In addition, Strive disclosed that its holdings in Strategy Inc.’s STRC preferred stock are now worth more than $50 million.
Strive said it is reviewing updates to its at the market capital raising programs tied to both its Class A common stock and SATA preferred stock. The company plans to use these tools to support future Bitcoin purchases and treasury expansion.
SATA Program Crosses Bitcoin Supply Milestone
Data from the Bitcoin for Corporations SATA Tracker dashboard showed that Strive’s SATA preferred stock program generated an estimated $35.3 million in proceeds during a single trading session last week.
Based on Bitcoin prices near $74,956 during that period, the tracker estimated that the proceeds could have funded the purchase of around 490 BTC in one day.
That figure stands out because Bitcoin miners currently produce about 450 new BTC every 24 hours following the April 2024 halving event. Miners now earn 3.125 BTC per block, with the network producing roughly 144 blocks daily.
The estimated 490 BTC purchase means Strive’s buying activity may have exceeded the Bitcoin network’s average daily issuance during that session.
Tracker data also showed SATA recorded around 794 BTC in purchases for the week ending May 24. During the filing period between May 18 and May 26, the SATA program reportedly generated $50 million in proceeds and added approximately 650 BTC to Strive’s treasury.
Strive Chooses Preferred Equity Over Debt
Rather than relying heavily on traditional debt financing, Strive has focused on raising capital through its Variable Rate Series A Perpetual Preferred Stock, known as SATA.
The preferred stock offers a stated annual dividend rate of 13%, with cash dividends scheduled to be paid every business day beginning June 16. Due to the frequent compounding structure, the effective annual yield rises to approximately 13.88%.
Strive said the product is designed for investors seeking consistent income and improved liquidity. The company is positioning SATA as an alternative to money market funds and other short duration income products.
The company also noted that it has eliminated outstanding debt while removing leverage, margin exposure, and encumbered Bitcoin from its balance sheet.
According to company disclosures, proceeds from SATA offerings are being used for Bitcoin purchases, repayment of a Coinbase Credit loan, and retirement of convertible notes connected to its Semler Scientific acquisition.
CoinLaw’s Takeaway
I think Strive is quickly becoming one of the most aggressive corporate Bitcoin accumulators in the market today. What stands out to me is not just the size of the purchases, but the company’s funding approach. Instead of leaning heavily on debt, Strive is using preferred equity structures to keep buying Bitcoin while trying to reduce balance sheet pressure.
I also found the daily Bitcoin absorption data especially important. A company buying more Bitcoin in a day than miners produce highlights how quickly institutional demand can tighten available supply. If more public companies follow this model, Bitcoin treasury competition could become much more intense over the next cycle.
