Strive Vaults Into Bitcoin Big Leagues With Billion‑Dollar Treasury Bet

After buying 333.89 BTC at an average price of USD 89,851, Strive Asset Management has moved among the top ten publicly traded corporate Bitcoin holders. This most recent purchase raises its total holdings to 13,131.82 BTC, now worth over USD 1.1 billion, and brings its expected Bitcoin return for Q1 2026 to around 21.2%. With this move, Strive now ranks ahead of peers such as CleanSpark in corporate BTC league tables.

Strive's Bitcoin treasury growth is supported by a large balance sheet cleansing. Through an upsized preferred stock (SATA) offering, the company raised USD 109.2 million net and used the funds to pay off USD 90 million in Semler Scientific convertible notes and USD 20 million in Coinbase loan debt—thereby eliminating around 92% of inherited liabilities. Strive wants to completely pay off the remaining USD 10 million of debt by April 2026, therefore releasing its Bitcoin assets.

Strategically, Strive has adopted and expanded the Bitcoin treasury method it inherited from its purchase of Semler Scientific but with a major modification in its capital structure. The company is depending on constant preferred equity to offer leverage instead of depending on conventional debt, which produces a 37.2% amplifying ratio on its Bitcoin exposure. Although these milestones and the larger digital asset presence, ASST shares dropped somewhat following the announcement, implying investors are still processing the risks and benefits of Strive's aggressive Bitcoin-centric approach.