-
Strive added 179 BTC, raising its treasury to 13,311 Bitcoin valued near $930M at current prices.
-
The new total moves Strive ahead of Tesla’s 11,509 BTC, placing it among the largest corporate holders.
-
Company also raised SATA preferred dividend to 12.75% and bought $50M of Strategy STRC shares.
Strive Inc. expanded its corporate Bitcoin treasury after purchasing 179 additional BTC, bringing total holdings to 13,311 Bitcoin. The company disclosed the update Wednesday alongside several balance sheet changes. According to the announcement, the holdings now carry an estimated value of roughly $930 million at current market prices.
Bitcoin Treasury Continues To Grow
Strive confirmed the latest purchase in its corporate update. The transaction increased the firm’s Bitcoin reserves to about 13,311 BTC. At current market prices, the holdings approach $930 million. Notably, the purchase moves Strive ahead of Tesla in corporate Bitcoin ownership.
Tesla currently holds 11,509 BTC. The new total places Strive among the largest corporate Bitcoin holders. According to available rankings, the company now sits near the eleventh position globally. CleanSpark currently holds the position directly ahead of Strive.
Meanwhile, the company also reported balance sheet figures dated March 9, 2026. At that time, Strive held $143.4 million in cash and cash equivalents.
Preferred Stock Terms Receive Update
In addition to the Bitcoin purchase, Strive adjusted terms for its SATA perpetual preferred shares. The company increased the dividend rate by 25 basis points. The new dividend rate stands at 12.75 percent. Strive also declared a dividend of $1.0625 per SATA share.
The payment applies to shareholders recorded by April 1, 2026. The company scheduled the payout for April 15. Additionally, management narrowed the targeted SATA trading range. The updated band now sits between $99 and $101.
Previously, the expected range stretched from $95 to $105. Furthermore, Strive said it will avoid issuing new SATA shares below $100.
Strategy Preferred Stock Added To Reserves
Strive also deployed $50 million to acquire 500,000 shares of Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock. The instrument trades under the ticker STRC. Jeff Walton, Strive’s chief risk officer, addressed the purchase in the announcement.
He said the company views STRC as a high-quality credit instrument. Meanwhile, the acquisition expanded reserves supporting SATA dividend payments. The company increased the dividend reserve coverage to 18 months.
This reserve includes 12 months of cash and six additional months backed by STRC holdings. According to the company, combined reserves cover more than 19 years of SATA interest payments.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin's BIP-361 Quantum Fix Splits Community Over Address Freezing
A proposed Bitcoin improvement to address quantum vulnerability has divided the cryptocurrency community over whether to freeze legacy addresses, including those attributed to Satoshi Nakamoto. The BIP-361 proposal, which went live on April 14, has sparked debate between prominent figures including
CryptoFrontier1h ago
Zonda Exchange Discloses 4,500 BTC Cold Wallet as Private Keys Remain Untransferred
Zonda, a Polish crypto exchange, revealed a cold wallet with 4,503 BTC amid a withdrawal crisis. CEO Przemysław Kral addressed fund misappropriation allegations and promised legal action against false claims, emphasizing that private keys were never transferred due to the former CEO's disappearance.
GateNews1h ago
Ben McKenzie Slams Bitcoin on Jon Stewart Show
Actor Ben McKenzie appeared on The Weekly Show with Jon Stewart on Aug. 14 in a segment titled "The Other Side of Bitcoin: Crypto Corruption," where he delivered a sharp critique of Bitcoin and the broader cryptocurrency industry. McKenzie, known for his film and television work, has become a
CryptoFrontier1h ago
BTC edges up 0.46% in 15 minutes: institutional fund outflows and macro risk-off sentiment in sync drove the move
From 15:00 to 15:15 (UTC) on 2026-04-16, BTC logged a +0.46% return within 15 minutes. The price fluctuated in a range of 73,939.7 to 74,440.0 USDT, with an amplitude of 0.68%. During this time window, market attention increased, short-term volatility intensified, and fund-flow characteristics changed noticeably.
The main driver of this deviation is the continued outflow of large amounts of capital from exchanges. According to on-chain data, in the past 24 hours the net flow was -14,408.84 BTC, mainly concentrated in large transfer ranges of more than $1 million (especially>$10M net outflow -12,987.03 BTC). This shows that institutions and large holders actively reduced their BTC holdings on exchanges, and short-term selling pressure was significantly lowered. Against the backdrop of persistently weak liquidity, with order book depth remaining at a low level for a long time, the price has become more sensitive to medium-sized buy orders—amplifying the impact of even modest inflows on spot market price action.
In addition, macro conditions changed in parallel and produced a synchronized effect: easing geopolitical tensions in the Middle East boosted overall market sentiment. International gold prices rose, global equity markets hit new highs, and the market re-evaluated the probability of the Federal Reserve cutting rates within the year, further increasing investor attention to safe-haven assets (including BTC). At the same time, on-chain data indicates that the “whale” trading activity during this phase is at an annual low (>$1M transfers fell to 1,485 transactions). With heavy market wait-and-see sentiment and limited short-term supply, BTC’s responsiveness to sudden buy-side capital was further enhanced.
Investors should be reminded that current market liquidity is still fragile. Insufficient order book depth increases the market’s sensitivity to large capital movements, and short-term volatility may intensify. Going forward, focus on further shifts in on-chain large-fund flows, changes in price action as it breaks through support or resistance regions, and the risks and opportunities brought by related macro policies and geopolitical developments. Please continue to track key data and stay alert to any sudden shocks during the period of abnormal moves.
GateNews2h ago
Bitcoin Transactions Face 70-Page Tax Filing Burden Annually
According to Nicholas Anthony of the Cato Institute's Center for Monetary and Financial Alternatives, spending Bitcoin on everyday purchases creates an unexpected tax compliance nightmare. The IRS treats Bitcoin as property, not currency, meaning every transaction—even a $5 coffee
CryptoFrontier3h ago
Bitcoin, Ethereum and Solana ETFs Record Positive Net Inflows on April 16
Gate News message, according to the April 16 update, Bitcoin ETFs recorded a 1-day net inflow of +2,855 BTC (+$209.95M) and a 7-day net inflow of +11,849 BTC (+$871.52M). Ethereum ETFs showed a 1-day net inflow of +15,477 ETH (+$35.44M) and a 7-day net inflow of +90,366 ETH (+$206.94M). Solana ETFs
GateNews3h ago
