Strive has increased its Bitcoin position by 317 coins, taking its total holdings to approximately 13,628 BTC and entering the top 10 holdings, CEO Matt Cole said in a statement.
Strive received 317 BTC for $23 million at an average cost of ~$72,555 per bitcoin.
As of 3/18/2026 we have 13,627.9 $BTC.$ASST $SATA pic.twitter.com/oiSJ9FTeeC
— Matt Cole (@ColeMacro) March 19, 2026
This company is now ranked ahead of Tesla and CleanSpark in Bitcoin Holdings, although it is not the first time that it is ranked among the 10 largest holders.
The Bitcoin-focused treasury company, founded by Vivek Ramaswamy, on Thursday reported its financial results for the fourth quarter of 2025, explaining how the company has accumulated more than 13,600 Bitcoin in almost six months since it went public.
The company raised about 5,900 Bitcoin through an initial private placement and a stock exchange exercise, while 5,048 Bitcoin came from its acquisition of Semler Scientific, a firm that built a Bitcoin repository. An additional 2,694 Bitcoins were secured through capital markets activity, including stock-related preferred offerings.
Financial structure and SATA tool
Matthew Cole, chairman and CEO, described the results as validation of the business’s financial model.
“Of the many accomplishments Strive has had in our first six months as a public company, the most important was solidifying our foundation as a structured finance company focused on digital debt,” Cole said. He pointed to the company’s popular SATA equity product as a vehicle designed to deliver double-digit yields with reduced volatility.
SATA is a popular perpetual variable index that trades on the Nasdaq under its ticker.
Strive has raised about $148 million in proceeds from a public offering of SATA shares in November 2025, worth 2 million shares at $80 each. A follow-on offering in late January brought in another $109 million, with shares priced at $90.
GAAP income
Strive recorded a net loss of $393.6 million during its public listing year-to-date, driven largely by non-cash factors. About $194.5 million of that shortfall came from unrealized losses in Bitcoin as the asset’s price fell from its October high of about $126,000 to about $72,000 in early 2026.
Goodwill and intangible asset impairment related to the Semler acquisition added $140.8 million, and transaction costs contributed $12.4 million.
On an adjusted basis that excludes non-recurring and non-cash charges, the loss attributable to common shareholders decreased to $208.2 million, or $4.73 per diluted share after accounting for the one-for-20 stock dividend in early February.
Management emphasized a proprietary metric called “Bitcoin Yield,” which measures the percentage change in Bitcoin per share over a period of time. At that rate, Strive achieved a yield of 22.2 percent in the fourth quarter and 13.8 percent quarter-to-date in mid-March, which translates to what the company calls a “Bitcoin Profit” of 1,305 coins in Q4 2025 and 1,050 so far in 2026.
Strive began as an anti-ESG investment advisory in 2022. Its transformation into an accumulating Bitcoin cart represents a bet that the asset will continue to attract institutional capital and that structured financial instruments can generate returns on what was once considered mere speculation.
