Strive Buys $85.4M in Bitcoin to Surpass Coinbase — Now the 7th Largest Corporate BTC Holder

 


Strive Buys $85.4M in Bitcoin to Surpass Coinbase — Now the 7th Largest Corporate BTC Holder

The race to accumulate corporate Bitcoin is intensifying — and one company just made a significant leap up the rankings.

Strive, Inc. (NASDAQ: ASST) disclosed on May 26 that it purchased 1,109 Bitcoin between May 19 and May 22, spending approximately $85.4 million at an average price of $76,988 per coin. The move pushes Strive's total Bitcoin holdings to 16,500 BTC, placing it ahead of both Coinbase (16,492 BTC) and Riot Platforms (15,680 BTC) to become the seventh-largest public corporate Bitcoin holder in the world.

How Strive Got Here So Fast

Strive's climb up the rankings has been rapid. The company completed its acquisition of Semler Scientific in January 2026, entering that deal with 12,798 BTC ranked eleventh among public corporate holders. Since then it has added more than 3,700 Bitcoin through a series of aggressive purchases — including 444 BTC in early May, 382 BTC for $30 million on May 18, and now 1,109 BTC in the latest round.

The funding mechanism behind these purchases is a combination of at-the-market equity sales and a preferred stock instrument called SATA shares, which carry a 13% annual dividend. The SATA offering raised more than $225 million in January 2026 from an oversubscribed round that attracted over $600 million in investor demand — giving Strive a sustained capital base for continued Bitcoin accumulation.

The Numbers Behind the Strategy

Strive CEO Matt Cole shared the company's internal performance snapshot alongside the purchase announcement. Key metrics include a year-to-date Bitcoin yield of 23.4%, a quarter-to-date yield of 11.0%, and an amplification ratio of 45.2%.

Strive defines Bitcoin yield as the percentage change in Bitcoin held per share outstanding — a metric popularised by MicroStrategy (now Strategy) that allows investors to track how efficiently a company is growing its BTC position relative to dilution.

Where Strive Sits in the Bigger Picture

With 16,500 BTC, Strive is now firmly in the top ten public corporate Bitcoin holders globally. Strategy remains the dominant force by an enormous margin with 818,334 BTC, but the gap between Strive and the next tier of holders — including Coinbase and Riot — is now meaningful.

The broader corporate Bitcoin accumulation story continues to diversify. MARA Holdings has taken a different approach, selling $1.5 billion in Bitcoin to fund an AI infrastructure pivot. Strategy CEO Michael Saylor has indicated a Bitcoin sale is "not unlikely" before year-end. And the Smarter Web Company has been quietly building its treasury using a Coinbase credit facility.

Each company is running a distinct version of the corporate Bitcoin playbook — but Strive's aggressive accumulation model is currently the most newsworthy, having leapfrogged two major exchanges to claim seventh place globally in under five months.

Source: crypto.news

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