Strive Inc. has significantly expanded its Bitcoin reserves, now holding 16,500 BTC after a recent purchase of 1,109 coins for $85.4 million. This move elevates the company above Coinbase and Riot Platforms in the ranking of publicly traded corporate Bitcoin holders, securing the seventh position. The acquisition, executed between May 19 and May 22 at an average price of $76,988 per Bitcoin, was disclosed in a Securities and Exchange Commission filing on May 26. CEO Matt Cole shared the update on social media, noting that the company now holds a total of 16,500 BTC, with a year-to-date Bitcoin yield of 23.4% and an amplification ratio of 45.2%.
The funding for these purchases comes primarily from at-the-market equity sales and the issuance of Variable Rate Series A Perpetual Preferred Stock, known as SATA shares, which carry a 13% annual dividend. The SATA offering raised over $225 million in January 2026, exceeding initial expectations with more than $600 million in demand, providing a robust capital base for ongoing Bitcoin accumulation. This strategy contrasts with other firms like MARA Holdings, which recently sold $1.5 billion in Bitcoin to pivot toward AI infrastructure.
Strive’s rise in the corporate Bitcoin landscape began with its acquisition of Semler Scientific in January 2026, which added 12,798 BTC to its treasury. Since then, the company has added over 3,700 BTC through multiple purchases, including earlier May transactions of 382 BTC for $30 million and 444 BTC for $33.9 million. Despite this growth, Strategy remains the dominant corporate holder with 818,334 BTC, highlighting the concentrated nature of public corporate Bitcoin accumulation.