Strive has surpassed Coinbase and Riot Platforms to become the seventh-largest publicly traded corporate Bitcoin holder after an $85.4 million purchase.
Strive has surpassed Coinbase and Riot Platforms to become the seventh-largest publicly traded corporate Bitcoin holder after an $85.4 million purchase.

Strive has surpassed Coinbase and Riot Platforms to become the seventh-largest publicly traded corporate Bitcoin holder after an $85.4 million purchase.
Strive bought 1,109 Bitcoin for about $85.4 million, bringing its total holdings to 16,500 and vaulting past Coinbase and Riot Platforms, according to the firm's CEO.
"The most interesting story in Bitcoin right now is the rising popularity of Strive's financial instruments," Michael Saylor, executive chairman of Strategy, said in a May 22 post on X. "The equity capital markets are embracing ASST, and the credit markets are embracing SATA."
Strive made its latest purchase at an average price of about $79,348 per Bitcoin, according to a regulatory filing. That is near the levels where other corporate buyers have been accumulating — DDC bought at $79,496 per Bitcoin and SWC at $77,687 per Bitcoin, both after the price fell below $80,000. The purchases came as Bitcoin traded around $77,000, down about 40 percent from its record high of $126,080 reached Oct. 6.
The acquisition extends a shift in corporate Bitcoin accumulation. Strategy, the largest corporate holder with 843,738 Bitcoin worth about $65 billion, has signaled it may sell some holdings to maximize Bitcoin-per-share over a seven-year horizon. With roughly 198 public companies now holding 1.24 million Bitcoin — about 5.9 percent of total supply — the race for corporate treasury allocation is intensifying as US lawmakers consider the American Reserve Modernization Act, which would authorize the government to acquire 1 million Bitcoin over five years.
Strive, co-founded by entrepreneur Vivek Ramaswamy, reported a loss of $393.6 million for the period from Sept. 12 to Dec. 31, 2025, which included a $194.5 million loss on its Bitcoin holdings. The firm's common stock, ASST, and its high-yield perpetual preferred stock, SATA, have gained traction in both equity and credit markets, according to Saylor.
The buying spree among corporate treasuries follows a sharp pullback in Bitcoin from its all-time high. Strategy acquired 24,869 Bitcoin for $2.01 billion between May 11 and May 17 at an average price of $80,985 per Bitcoin — its third-largest investment of 2026. The company reported a first-quarter loss of $12.54 billion, with $14.46 billion in unrealized losses on its Bitcoin position.
Saylor has suggested that selling some Bitcoin could be necessary to maximize per-share exposure over the next seven years. "Any model that we put together that's limited only to equity or only to credit or only to Bitcoin always underperforms," he said in a recent interview. Strategy Chief Executive Officer Phong Le said selling near the company's cost basis would avoid meaningful tax consequences for holders of its STRC preferred stock.
The broader push for Bitcoin as a reserve asset gained a potential policy catalyst this week as a bipartisan group of 16 US lawmakers introduced the American Reserve Modernization Act of 2026. The bill proposes that the Treasury acquire up to 1 million Bitcoin over five years and hold it for at least 20 years, with sales permitted only to reduce the national debt.
This article is for informational purposes only and does not constitute investment advice.