Key Takeaways
Where Does Strive Stand Now Among Global Bitcoin Holders?
Strive ranks 14th globally, surpassing Galaxy Digital and following giants like MicroStrategy, Tesla and Coinbase, according to BitcoinTreasuries.net.
How did investors react to the announcement?
Strive’s SATA shares rose 1.26% to $92.15, while ASST shares rose 4.05% in after-hours trading.
Bitcoin’s accumulation trend has not slowed down regardless of market sentiment. Institutions continue to add to their positions regardless of whether prices rise or fall.
Strive’s Bitcoin Bet
The latest to make headlines is Strive, the Bitcoin [BTC] treasury and asset management company founded by Vivek Ramaswamy. The company announced a $162 million BTC purchase following the oversubscribed listing of its SATA preferred shares on Nasdaq.
According to a recent after on Strive’s official X account, the company added 1,567 BTC to its balance at an average purchase price of $103,315 per Bitcoin.
This latest acquisition pushes Strive’s total holdings to 7,525 BTC, worth nearly $800 million, solidifying its position among the top corporate Bitcoin holders in the world.
Where Does Strive Stand in Bitcoin Ownership?
Facts from BitcoinTreasuries.net ranks Strive 14th globally, surpassing Galaxy Digital’s 6,894 BTC. It followed top holders such as MicroStrategy, MARA Holdings, Metaplanet, Bullish, Riot Platforms, Coinbase, Hut 8, CleanSpark, Trump Media, Tesla and Block Inc.
The company too announced in its investor update, a new presentation for $ASST and $SATA investors has been released, highlighting that $SATA dividends are expected to be categorized as Return of Capital (ROC), a move aimed at increasing shareholder value.
Strive’s latest move echoes Michael Saylor’s ‘buy the dip’ strategy at MicroStrategy, which has become a benchmark for corporate Bitcoin treasury management.
The announcement came as Bitcoin was trading all around $105,829, recovering from a brief dip below $99,000.
Stock price action and more
Needless to say, the market reacted positively to the news.
Strive (SATA) ended the day at $92.15, up 1.26%, rising to $92.98 in after-hours trading, reflecting continued investor optimism, according to Google Finance.
Meanwhile, ASST, Strive’s merger partner and Nasdaq-listed entity, has traded at $1.48 after a 1.99% dip.
Well, Strive’s latest Bitcoin purchase aligned perfectly with its broader expansion strategy unveiled in May 2025, when the company announced plans to acquire 75,000 BTC worth more than $8 billion through discounted bankruptcy claims from Mount Gox.
The initiative, detailed in a recent SEC filing, was intended to boost Bitcoin per share and strengthen Strive’s long-term position in the digital asset market.