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Following
BTC Strive increased its holdings of Bitcoin to 25,000 BTC, with a total position value of nearly US$2 billion.
Strive, a Nasdaq-listed bitcoin holding company, has increased its Bitcoin reserves in its treasury to 25,000 BTC. After completing the latest round of acquisitions, the total value of its Bitcoin holdings is close to $2 billion.
Latest acquisitions and industry rankings
On Monday, Strive announced that it had purchased 469 bitcoins at an average price of approximately US$77,954 per bitcoin, further expanding its reserves. Through this operation, Strive continues to maintain its status as the fifth largest listed bitcoin holding company, second only to Strategy, Twenty One, Metaplane and MARA in terms of total bitcoin assets.
According to data compiled by BitcoinTreasures, institutions including Strategy and MARA have adopted different financing strategies and methods to maintain their large positions. Strive's recent acquisition consolidates its position as an industry leader.
Financing Strategy and Market Reaction
Strive CEO Matt Cole said that all the funds raised by the company for this latest Bitcoin purchase were obtained through the sale of its permanent preferred stock SATA. He confirmed on Platform X (formerly Twitter) that the transaction did not use any external borrowing or debt instruments.
Strive shares (symbol: ASST) traded on Nasdaq rose more than 6% after learning of the news of additional Bitcoin purchases. Market participants have responded positively to the increase in this asset and Strive's continued commitment to maintain a debt-free balance sheet.
Cole highlighted Strive's unique approach: "No debt, zero margin requirements, zero collateral Bitcoin."
Background and Leadership
Dallas, Texas-based Strive entered the market in 2025 as an official Bitcoin treasury company. The company was founded by Vivek Ramaswamy, a former Ohio gubernatorial candidate and entrepreneur in technology.
In January 2026, Strive completed its acquisition of Semler Scientific through an all-stock transaction, the first case in which a listed Bitcoin Treasury company acquired a peer company through such a transaction.
Noun explanation:
Strive: A Nasdaq-listed Bitcoin Treasury company that focuses on acquiring and holding Bitcoin for its investors.
Semler Scientific：The former independently listed company was fully acquired by Strive through an all-stock merger, making it the first inter-bank acquisition in the Bitcoin treasury.
Unique positioning in the public Bitcoin treasury
Unlike several major Bitcoin treasury companies that use leverage or debt to expand their Bitcoin positions, Strive relies entirely on equity sales to fund its purchases. The company does not hold traditional bonds, does not maintain credit lines, and avoids using leveraged trading positions, thereby reducing the risk of being forced to liquidate during market downturns.
Analysts point out that Strive's debt-free approach sets it apart from competitors seeking more aggressive, leveraged expansion. This positioning may appeal to investors who want to gain access to Bitcoin exposure through an unsecured equity mechanism.
Strive's model allows investors to obtain amplified Bitcoin returns without involving leverage or credit risk associated with treasury operations.
