Key Highlights
- The firm acquired 317 BTC at approximately $72,555 per coin
- Bitcoin treasury now stands at approximately 13,628 BTC as of March 18, 2026
- Company posted $393.6 million net loss attributed to Bitcoin valuation decline
- More than 5,000 BTC obtained through Semler Scientific merger
- SATA preferred stock programs generated over $250 million in total capital
The asset management company established by Vivek Ramaswamy has bolstered its cryptocurrency holdings through a recent acquisition of 317 Bitcoin. With approximately 13,628 BTC in its treasury, the organization now ranks among the world’s ten largest corporate Bitcoin holders. CEO Matt Cole announced the development through an official communication.
The acquisition represented roughly $23 million in value, averaging around $72,555 for each Bitcoin unit. This strategic move positions the company above notable entities such as Tesla and CleanSpark in aggregate Bitcoin ownership. After previously featuring among top-tier holders, the firm has successfully reclaimed its position in this elite category.
JUST IN: @Strive ($ASST) reports 13,628 BTC held as of March 17, built since its 2025 public listing.
🟠13,628 BTC total holdings
📈 22.2% BTC Yield (Q4) | 13.8% QTD
âš¡ 2,355 BTC gained since launch pic.twitter.com/tyw7bHB39G— Bitcoin For Corporations (@BitcoinForCorps) March 19, 2026
Accelerated Bitcoin treasury expansion
The company assembled its substantial Bitcoin reserve in under six months following its public market debut. Multiple funding mechanisms facilitated this aggressive accumulation strategy. Approximately 5,900 BTC originated from private placement transactions and stock market operations.
An additional 5,048 BTC entered the treasury via the Semler Scientific transaction. The acquired entity maintained a substantial Bitcoin position prior to the merger. Strive supplemented its reserves with 2,694 BTC obtained through equity market initiatives, including specialized preferred share programs.
This diversified acquisition approach enabled rapid expansion of the firm’s cryptocurrency exposure. The strategy demonstrates commitment to establishing Bitcoin as a core treasury reserve asset. The organization maintains its identity as a digitally-focused financial services provider.
CEO Matt Cole emphasized the approach validates their business framework. He commented, “The most important was cementing our foundation as a structured finance company laser-focused on digital credit.”
SATA instrument drives fundraising success
Central to the firm’s expansion plan is its SATA perpetual preferred equity instrument. This financial product provides adjustable returns and maintains Nasdaq listing with dedicated ticker symbol. The structure targets double-digit yields while minimizing volatility exposure.
Initial SATA issuance in November 2025 generated approximately $148 million in proceeds. The offering distributed two million units at $80 per share. A subsequent issuance during January 2026 produced another $109 million, with pricing established at $90 per unit.
Capital raised through these programs funded Bitcoin acquisitions and general operational requirements. The framework also attracts investors pursuing returns connected to cryptocurrency assets. Management continues developing this approach as a cornerstone of corporate expansion.
The organization monitors “Bitcoin Yield” as a performance indicator. This calculation reflects Bitcoin-per-share evolution across reporting periods. Fourth quarter 2025 results showed a 22.2 percent yield measurement.
Cryptocurrency market volatility impacts financial performance
The company disclosed a $393.6 million net deficit for the post-IPO period. Non-cash accounting adjustments comprised the majority of reported losses. Unrealized Bitcoin valuation declines accounted for roughly $194.5 million.
Cryptocurrency valuations dropped from approximately $126,000 in October 2025 to near $72,000 by early 2026. This market correction impacted treasury asset valuations significantly. Additional write-downs totaling $140.8 million affected goodwill and intangible assets.
Deal-related expenses contributed another $12.4 million to aggregate losses. Adjusted net loss to common equity holders reached $208.2 million. This translates to $4.73 per diluted share following reverse split adjustments.
Notwithstanding financial losses, the firm achieved Bitcoin accumulation targets. “Bitcoin Gain” metrics showed 1,305 coin additions during Q4 2025. Year-to-date 2026 accumulation reached 1,050 additional coins.
