TheBlock
Strive disclosed Tuesday that it purchased 1,109 BTC for roughly $85.4 million between May 19 and May 22 at an average price of just under $77,000 per coin, pushing the Vivek Ramaswamy-founded treasury company to 16,500 BTC total. The buy vaults Strive past Coinbase Global (16,492 BTC) and Riot Platforms into seventh place among public corporate bitcoin holders, according to a new 8-K filing. Shares of Strive (NASDAQ: ASST) jumped more than 4% on the news, hovering near $19 and just below a year-to-date high.
Why it matters
The Strive stack is now structurally different from the MicroStrategy template. The company has fully repaid all outstanding debt — zero encumbered bitcoin on the balance sheet — and is layering its SATA preferred shares, set to begin paying cash dividends every US business day at a 13% annual rate starting in mid-June, on top of the BTC reserve. CEO Matt Cole posted a quarter-to-date BTC yield of 11% and a year-to-date BTC yield of 23.4% alongside the disclosure. The filing also flagged that Strive is "evaluating a near-term refresh" of its at-the-market offerings on ASST and SATA, language that reads as a signal for additional equity issuance aimed at further BTC accumulation.
Market impact
The leapfrog lands as a counterpoint to peers trimming exposure: Riot Platforms has sold portions of its BTC this year to fund an expanding AI and data-center buildout anchored by a growing AMD partnership. Strive is doing the opposite — issuing and buying, with no debt and a yield instrument attached. The differential is now visible in the rankings, with Coinbase, Riot, and the next several slots bunched closely enough that one more purchase from Strive — or a continued sell-down by a neighbour — could reshuffle the top of the public-treasury table again. The Tuesday print is the cleanest datapoint yet on the divide between treasury companies that treat BTC as a yield-bearing reserve and those treating it as a financing source.
Frequently asked questions
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How much bitcoin did Strive buy and at what price?
Strive disclosed on May 26 that it purchased 1,109 BTC for roughly $85.4 million between May 19 and May 22, at an average price of just under $77,000 per coin, bringing total holdings to 16,500 BTC.
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Where does Strive now rank among public corporate bitcoin holders?
The purchase moved Strive into seventh place among public corporate bitcoin holders, ahead of Coinbase Global at 16,492 BTC and ahead of Riot Platforms, which has sold portions of its holdings this year.
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Is Strive's bitcoin stash debt-free?
Yes. The Tuesday 8-K filing stated that Strive has fully repaid all outstanding debt and holds 'zero encumbered bitcoin' on its balance sheet.
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What are Strive's SATA preferred shares and when do dividends start?
SATA is Strive's preferred-share instrument set to become the first US-listed security paying cash dividends every US business day at a 13% annual rate, with the daily-dividend structure beginning in mid-June 2026.
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What BTC yield has Strive reported year-to-date?
CEO Matt Cole posted quarter-to-date BTC yield of 11% and year-to-date BTC yield of 23.4% alongside the May 26 disclosure, alongside a note that the company is 'evaluating a near-term refresh' of its ATM offerings on ASST and SATA.
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