Crypto Prices

Strive Rockets Past Coinbase in Bitcoin Holdings With $85 Million Purchase

23 hours ago
1 min read
4 views

Strive’s Bitcoin Accumulation and Market Position

Investment firm Strive, Inc. has solidified its position as one of the largest corporate holders of Bitcoin, recently acquiring 1,109 BTC worth approximately $85.4 million between May 19 and May 22. According to regulatory filings submitted on May 26, the purchase was executed at an average price of roughly $76,988 per coin, bringing the company’s total digital currency reserves to 16,500 BTC.

This latest accumulation now positions Strive ahead of cryptocurrency exchange Coinbase, which holds 16,492 BTC, and mining company Riot Platforms, currently holding 15,680 BTC. The acquisition represents the latest in a series of aggressive buying moves throughout May, following additional purchases of 382 BTC for $30 million on May 18 and 444 BTC for $33.9 million earlier in the month.

Strive’s rapid ascent in the corporate Bitcoin holder rankings has been remarkable. When the company completed its acquisition of Semler Scientific in January 2026, it entered the transaction with 12,798 BTC and ranked eleventh among public firms. In just months, the company has accumulated over 3,700 additional coins to reach its current seventh-place ranking.

Funding Strategy and Financial Performance

The firm funds its ongoing Bitcoin purchasing strategy through two primary mechanisms: at-the-market equity sales and its SATA preferred shares, which offer a 13% annual dividend. An oversubscribed January 2026 offering of SATA shares raised more than $225 million from demand exceeding $600 million, providing substantial financial resources for continued acquisitions.

Financial metrics demonstrate strong performance across multiple timeframes. Strive reported a year-to-date Bitcoin yield of 23.4%, quarter-to-date returns of 11.0%, and an amplification ratio of 45.2%. The company measures Bitcoin yield as the percentage increase in Bitcoin holdings per outstanding share, using this figure as its primary benchmark against digital currency performance.

The Broader Corporate Bitcoin Landscape

Despite Strive’s impressive accumulation, the corporate Bitcoin market remains heavily concentrated. Industry leader Strategy continues to dominate by a significant margin with 818,334 BTC—substantially ahead of all competitors. This concentration illustrates how a small number of corporations control the overwhelming majority of institutional Bitcoin holdings.

The diverging strategies among major holders are becoming increasingly apparent, with some companies like MARA Holdings divesting Bitcoin holdings worth $1.5 billion to fund alternative initiatives such as artificial intelligence infrastructure development.

Popular