Strive, Inc. has crossed into rarefied air. The Bitcoin treasury company’s stock climbed to approximately $27.70 per share, pushing its market capitalization into the $2.5B to $3B range and cementing its status as one of the fastest-growing corporate Bitcoin holders on the planet.
Less than a year after going public through a reverse merger, the NASDAQ-listed company (ticker: ASST) now sits on roughly 24,531 BTC valued at nearly $1.9B. That makes Strive the fifth-largest public corporate holder of Bitcoin, a ranking that CEO Matt Cole apparently considers a waypoint rather than a destination.
The accumulation machine
Strive has been executing weekly Bitcoin purchases exceeding 1,000 BTC. In the week ending September 4, 2026, Strive scooped up 1,375 BTC for around $109M.
The funding engine behind all this buying is SATA, a perpetual preferred stock instrument that yields a 13% annualized dividend. SATA currently has roughly $1B in notional outstanding, giving Strive a deep well of capital to draw from without diluting common shareholders the way a traditional equity raise would.
From asset manager to Bitcoin vault
Strive went public via reverse merger on September 12, 2025, transforming from an asset management firm into a full-blown Bitcoin treasury company. In less than twelve months, it accumulated a BTC position large enough to place it among the top five publicly traded corporate holders.
Cole has indicated that reaching the second-largest public corporate holder position by year-end 2026 is feasible. By layering high-yielding preferred stock on top of common equity, Strive has created a financing framework that channels outside capital directly into Bitcoin purchases. Investors who buy SATA get a 13% yield. Strive gets cash to buy more BTC.
Punching above its weight
Strive has already surpassed Metaplanet in market cap despite holding significantly fewer Bitcoin, a premium that suggests the market is pricing in Strive’s accumulation trajectory and its capital-raising machinery, not just the coins already on the balance sheet.
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