Bitcoin treasury firm Strive has bought an additional 789 BTC for about $61.43 million, lifting its total holdings to 14,557 BTC and making it the ninth-largest corporate holder of the asset, according to company disclosures.
Strive’s bitcoin position and ranking
At current market prices, Strive’s 14,557 BTC are worth roughly $1.3 billion. Data shows Strive now sits just ahead of mining firm Hut 8 and just behind Coinbase in terms of corporate bitcoin reserves.
Chief executive Cole said on Monday the latest purchase was made at an average price of about $77,890 per bitcoin.
Funding structure and preferred stock strategy
Strive is financing its bitcoin accumulation through capital market instruments built around its Variable Rate Series A Perpetual Preferred Stock, known as SATA.
The company recently reset SATA’s trading band to keep the share price between $99 and $100 and raised the dividend yield to 12.75%, according to corporate filings. Earlier, Strive had already increased the preferred payout on its stock to 13.00%, underscoring its attempt to attract capital seeking high income.
The firm initially raised $160 million in its first SATA offering last year, then followed with a $225 million expansion via a follow-on sale. Proceeds from these issues have helped fund major bitcoin purchases, including:
- 5,886 BTC acquired after a PIPE (private investment in public equity) transaction
- 5,048 BTC obtained through the takeover of Semler Scientific
Planned etf to package the strategy
Strive plans to partner with Tuttle Capital Management on an exchange-traded fund that will track both SATA and the firm’s STRC preferred stock series. The proposed ETF, with the intended ticker DGCR, is designed to wrap the company’s “digital credit” approach into a listed product.
The ETF would aim to deliver monthly income payments funded by these yield-focused preferred shares, effectively turning Strive’s bitcoin-backed treasury strategy into a tradable income product for a broader market of traders.
Part of a wider corporate bitcoin accumulation trend
Strive’s expansion adds to a broader corporate pattern in which public companies collectively hold more than 1.15 million BTC on their balance sheets.
The model goes beyond direct asset purchase: firms are raising capital through preferred stock and similar instruments, then using those proceeds to build bitcoin treasuries while offering double-digit dividend yields to those providing the capital.
This approach converts bitcoin exposure into structured, yield-generating securities, tying corporate treasury management more tightly to digital assets.
Market backdrop: mixed signals but strong institutional base
Strive’s latest move comes as the bitcoin market sends conflicting signals. April delivered a 13.71% gain, reversing a tough first quarter marked by a 23% slide over three straight months of losses.
Any further upside must contend with a challenging macro backdrop:
- Geopolitical tensions have pushed oil prices higher
- Persistent inflation pressures are complicating the Federal Reserve’s ability to cut interest rates
Despite these headwinds, institutional products have built a solid base of demand. Spot bitcoin exchange-traded funds have collectively absorbed more than 1.28 million BTC from circulation. BlackRock’s iShares Bitcoin Trust alone now manages an estimated $54 billion to $64 billion in assets.
Supply dynamics and institutional accumulation
Flows from large corporate and institutional players are tightening supply. Early 2026 data indicates institutions were accumulating bitcoin at 2.8 times the rate of new coins issued through mining, significantly reducing the amount of bitcoin available on exchanges.
Against that backdrop, Strive’s combination of aggressive treasury accumulation and high-yield preferred stock offerings underlines how rapidly capital market structures are evolving around bitcoin as an asset class.
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