Rebecca Cruz Strive boosts its Bitcoin treasury to 13,132 BTC worth $1.17 billion while retiring 92% of Semler Scientific debt, marking a bold move in corporate Bitcoin accumulation.
Strive Expands Bitcoin Holdings and Reduces Debt Exposure
Bitcoin treasury company Strive has taken another significant step in expanding its Bitcoin position while improving its balance sheet. The company announced that it acquired 334 BTC following the completion of its preferred stock offering and simultaneously retired most of the debt inherited from its recent Semler Scientific acquisition.
With this purchase, Strive’s total Bitcoin holdings now stand at 13,132 BTC, placing it among the top ten corporate Bitcoin holders globally. The company’s total Bitcoin value has reached approximately $1.17 billion, further reinforcing its position as a leading institutional player in digital asset treasury management.
The company’s latest move comes after closing a preferred stock offering that saw immense investor demand. Strive revealed that its Variable Rate Series A Perpetual Preferred Stock offering, trading under the symbol SATA, attracted over $600 million in interest. Initially targeting $150 million, Strive increased the offering size to $225 million due to strong market appetite.
Strive Retires 92% of Debt from Semler Scientific Acquisition
Strive recently completed its merger with Semler Scientific, a former Bitcoin treasury company. After the acquisition, Strive inherited $120 million in outstanding debt. The firm confirmed that proceeds from the stock offering were used to retire $110 million, representing 92% of that total.
This debt reduction included the exchange of $90 million in convertible notes for SATA stock and full repayment of a $20 million loan from Coinbase. As a result, Strive now holds its Bitcoin entirely unencumbered, meaning there are no outstanding claims against its digital asset reserves.
The company also noted that it plans to eliminate the remaining $10 million debt within the next four months, completing a full balance sheet cleanup. This rapid deleveraging strategy underscores Strive’s commitment to maintaining a strong financial position while expanding its Bitcoin exposure.
Strategic Use of Capital to Fund Bitcoin Accumulation
Strive’s leadership team highlighted that the capital raised through the preferred stock offering, combined with existing cash reserves and proceeds from unwinding hedging transactions, has been strategically directed toward two primary objectives: paying off liabilities and accumulating more Bitcoin.
By focusing on long-duration equity financing rather than borrowing, Strive effectively increased its Bitcoin holdings without adding leverage risk. This approach aligns with the company’s broader goal of sustainable Bitcoin accumulation and treasury optimization.
The latest Bitcoin purchase, made at an average price of $89,851, demonstrates Strive’s confidence in Bitcoin’s long-term value potential despite short-term market volatility. The company also disclosed that its Bitcoin yield is currently 21.2% quarter-to-date, reflecting growth in Bitcoin exposure per common share since the beginning of the year.
Strive Shares Reflect Ongoing Market Volatility
Despite the fundamental improvements in its financial structure and Bitcoin position, Strive’s stock performance has continued to face headwinds. Shares of ASST fell 2.23% on Wednesday to $0.80, according to Google Finance data.
This decline highlights the persistent volatility associated with corporate Bitcoin strategies. ASST shares have fallen more than 92% from their all-time high of $10.46 reached after the initial announcement of its Bitcoin-focused strategy.
While the balance sheet improvements strengthen the company’s fundamentals, investors remain cautious amid broader concerns about the sustainability and timing of corporate Bitcoin accumulation. Many similar Bitcoin treasury stocks saw their valuations drop through the latter half of 2025 as market enthusiasm cooled.
Bitcoin Treasuries Gain Institutional Traction Despite Risks
The institutional adoption of Bitcoin treasury strategies has grown considerably since 2024. Over 190 publicly traded companies now hold Bitcoin on their balance sheets, collectively owning around 1.134 million BTC, or roughly 5.4% of the total Bitcoin supply.
Among these institutions, Strive has rapidly climbed into the top tier of holders, positioning itself alongside established corporate names that view Bitcoin as a strategic reserve asset.
Michael Saylor’s Strategy continues to dominate corporate Bitcoin ownership, controlling approximately 63% of all Bitcoin held by public companies. Despite facing tighter funding conditions and market corrections, Strategy remains committed to expanding its holdings, serving as a benchmark for others like Strive pursuing similar accumulation paths.
The Bigger Picture: Corporate Confidence in Bitcoin’s Long-Term Role
Strive’s aggressive Bitcoin acquisition and debt retirement mark a critical milestone in the evolution of institutional digital asset management. By reducing leverage while expanding its Bitcoin treasury, the company sends a clear signal about its conviction in Bitcoin as a core treasury asset.
The move also illustrates the growing sophistication of corporate Bitcoin strategies, where companies are now leveraging innovative financing mechanisms like preferred stock offerings to build sustainable long-term positions.
As global financial institutions continue integrating digital assets into their balance sheets, Strive’s strategic execution may serve as a template for other firms seeking exposure to Bitcoin without taking on excessive debt risk.
Whether the market rewards such moves in the short term remains uncertain, but Strive’s deliberate balance between fiscal discipline and Bitcoin accumulation demonstrates a maturing corporate approach to crypto finance one that could define the next phase of institutional adoption.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards.
