Strive Acquires 317 Bitcoin, Boosting Holdings to 13,628 BTC

Highlights:

• Strive has acquired 317 Bitcoin, pushing its total holdings to 13,628 BTC.
• Structured finance products facilitated the firm’s aggressive Bitcoin acquisition.
• Despite the Bitcoin growth, the firm has recorded a net loss of 393.6 million.

Vivek Ramaswamy’s Strive has moved into the global corporate Bitcoin race after adding 317 coins to its treasury. The purchase lifted total holdings to 13,627.9 BTC by March 17, 2026. As a result, the company entered the top 10 Bitcoin treasury holders worldwide, ahead of Tesla and CleanSpark.

Capital Deals and Acquisitions Formed Most of the Bitcoin Reserve

Since its September listing, Strive has built its reserve through several funding channels. First, private placement proceeds and a stock exchange transaction delivered 5,886 Bitcoin. Next, the Semler Scientific acquisition added 5,048 Bitcoin from an existing reserve. Then, capital markets activity supplied another 2,694 Bitcoin through offerings and at-the-market sales.

Management tied much of that growth to structured finance tools. In particular, the company leaned on its SATA perpetual preferred stock. That product trades on Nasdaq under its own ticker and targets a double-digit yield. In November, the initial SATA offering raised about $148 million in net proceeds.

Strive has acquired 317 BTC for $23 million at an average cost of ~$72,555 per bitcoin.

As of 3/18/2026 we hodl 13,627.9 $BTC.$ASST $SATA pic.twitter.com/oiSJ9FTeeC

— Matt Cole (@ColeMacro) March 19, 2026

Later, a follow-on deal in January added roughly $109 million. The company used part of that cash to support treasury growth and reshape debt. Earlier this month, it also bought $50 million of Strategy’s STRC preferred stock, increasing its exposure to Bitcoin-linked yield products.

Matthew Cole, the chairman and chief executive officer, noted that the company has proven its financing model early. According to him, the first six months have laid the foundation of a structured finance business focused on digital credit. He further added that SATA provides a liquid route to double-digit yield at reduced volatility.

Earnings Report Shows Loss Despite Bitcoin Gains

Despite the growth in holdings, the financial statements showed heavy pressure from market swings. Strive posted a GAAP net loss of $393.6 million for the period ending December. About $194.5 million came from unrealized Bitcoin losses as prices fell sharply. The cryptocurrency slid from an October high near $126,000 to about $72,000 by early 2026.

In addition, the Semler deal triggered $140.8 million in goodwill and intangible impairments. Transaction expenses added another $12.4 million to the final total. After those items, adjusted net loss attributable to common shareholders reached $208.2 million. That figure equaled $4.73 per diluted share after the reverse split.

Strive also highlighted a proprietary performance metric called “Bitcoin Yield.” This measure tracks the percentage change in Bitcoin per share. The company reported a 22.2% Bitcoin Yield in the fourth quarter. It also posted a 13.8% yield through mid-March 2026. Those figures translated into a Bitcoin gain of 1,305 coins in Q4 and 1,050 coins in 2026.

The company said its current Bitcoin holdings carry a market value near $944.3 million. It also holds $83.7 million in cash and equivalents. In addition, its STRC position carries a fair value of $50.4 million. Following the announcement of the earnings, the firm’s stock (ASST) has dropped by more than 2% to trade at $9.80 in early market trading. Furthermore, ASST has recorded a decline of 88% over the last 6 months.