Bitcoin treasury firm Strive has continued adding to its holdings, most recently acquiring 789 BTC for $61.43 million at an average cost of about $77,890 per bitcoin, according to CEO Matt Cole.
Ninth-largest corporate holder
The firm now holds 14,557 BTC, worth about $1.3 billion, placing it ninth among corporate bitcoin treasuries — ahead of miner Hut 8 and behind Coinbase.
Like Michael Saylor’s Strategy, Strive issues a preferred security called the Variable Rate Series A Perpetual Preferred Stock (SATA), designed to maintain a strike price between $99–$100 while offering a variable monthly dividend.
The firm raised about $160 million in SATA’s first offering and roughly $225 million in a follow-on offering.
Dividend boost and ETF plans
Strive recently tightened SATA’s trading range while boosting its dividend yield to 12.75%, and announced plans to work with Tuttle Capital Management to create an ETF tracking both SATA and Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock (STRC).
How the holdings were built
Strive first ramped up its bitcoin accumulation through capital markets activity, including purchasing 5,886 BTC after a PIPE investment and 5,048 BTC from its acquisition of Semler Scientific last year.
The company’s rapid accumulation has pushed it into the top ten corporate holders globally, a list that has grown considerably as more firms adopt bitcoin as a treasury asset.
