TLDR
- Strive acquired 317 Bitcoin and increased its total holdings to about 13,628 BTC.
- The purchase moved Strive into the top 10 corporate Bitcoin holders.
- CEO Matt Cole confirmed the updated Bitcoin holdings in the fourth quarter 2025 earnings report.
- Strive accumulated nearly 5,900 Bitcoin through private placements and stock exchange transactions.
- The acquisition of Semler Scientific added 5,048 Bitcoin to Strive’s treasury.
Strive expanded its Bitcoin treasury by acquiring 317 BTC, bringing total holdings to about 13,628 BTC. The purchase moved the company into the top 10 corporate Bitcoin holders. CEO Matt Cole confirmed the update while reporting fourth quarter 2025 financial results.
The company now ranks ahead of Tesla and CleanSpark in total Bitcoin holdings. However, Strive has previously appeared among the 10 largest corporate holders. The firm built its position within six months of going public.
Strive accumulated nearly 5,900 Bitcoin through private placement proceeds and a stock exchange transaction. It also gained 5,048 Bitcoin through its acquisition of Semler Scientific. The company secured another 2,694 Bitcoin through capital markets activity, including preferred stock-linked offerings.
Strive Expands Bitcoin Treasury to 13,628 BTC
Strive increased its holdings by 317 Bitcoin during the reported period. As a result, total reserves reached approximately 13,628 BTC. Cole confirmed the figures in an official statement.
He said the company’s early performance validated its corporate finance strategy. “Out of the numerous successes Strive had in our first six months as a public company, the most important was cementing our foundation as a structured finance company laser-focused on digital credit,” Cole said. He linked the treasury growth directly to structured capital strategies.
The company funded acquisitions through several channels and coordinated transactions within a short timeframe. Private placements and exchange deals delivered nearly 5,900 Bitcoin. The Semler Scientific acquisition contributed 5,048 Bitcoin to the balance sheet.
Capital markets activity supplied another 2,694 Bitcoin to reserves. These transactions included preferred stock-linked offerings. As a result, Strive strengthened its treasury position before year-end.
Financial Results and SATA Preferred Stock Strategy
Strive reported a net loss of $393.6 million from its listing date through year-end 2025. The company attributed most of the loss to non-cash items. Unrealized Bitcoin losses accounted for about $194.5 million of the total.
Bitcoin’s price declined from around $126,000 in October to roughly $72,000 by early 2026. This price movement drove the reported unrealized losses. Goodwill and intangible impairments from the Semler deal added $140.8 million.
Transaction costs contributed another $12.4 million to the deficit. On an adjusted basis, loss attributable to common shareholders reached $208.2 million. The figure equaled $4.73 per diluted share after a one-for-twenty reverse stock split.
Cole highlighted the company’s SATA perpetual preferred stock product during the earnings report. He described SATA as a variable-rate instrument designed to generate double-digit yields with reduced volatility. SATA trades on Nasdaq under its own ticker.
Strive raised about $148 million in net proceeds from its November 2025 SATA initial public offering. The company priced two million shares at $80 each. A follow-on offering in January raised another $109 million at $90 per share.
Management reported a 22.2% Bitcoin Yield in the fourth quarter. The company also recorded a 13.8% yield quarter-to-date through mid-March. These figures represented a Bitcoin Gain of 1,305 coins in Q4 2025 and 1,050 coins so far in 2026.
