Strive Boosts Bitcoin Holdings After Oversubscribed Stock Offering

• Strive retired $110M of Semler debt, freeing its Bitcoin and strengthening its treasury strategy.

• The company bought 334 Bitcoin at $89.8K each, now holding 13,132 coins as of Jan 28, 2026.

• Oversubscribed SATA stock offering shows strong investor demand for digital credit and crypto exposure.

Strive, Inc. has made a decisive move in corporate Bitcoin investment following a highly successful follow-on offering of its SATA stock. The Nasdaq-listed company (ASST; SATA) closed an upsized offering of 1.32 million shares at $90 each, raising substantial capital. The offering attracted over $600 million in demand, far exceeding the company’s initial $150 million target. Consequently, Strive used part of the proceeds to retire legacy debt and expand its Bitcoin treasury.

As per announcement, the company retired $90 million of its $100 million Semler Convertible Notes in exchange for roughly 930,000 shares of SATA stock. Additionally, Strive plans to retire the remaining $10 million by April 2026. Besides, the company fully paid off a $20 million loan with Coinbase Credit Inc., leaving all Bitcoin holdings unencumbered. Matt Cole, CEO, emphasized, “Strive continues to demonstrate leading execution in managing a world-class, Bitcoin-powered treasury.” This rapid debt retirement highlights Strive’s strategy to rely primarily on preferred equity for funding.

Strive Strengthens Bitcoin Position

Moreover, Strive acquired 333.89 Bitcoin at an average price of $89,851, bringing total holdings to 13,131.82 Bitcoin as of January 28, 2026. This makes Strive the tenth-largest corporate holder of Bitcoin globally. Additionally, the company’s amplification ratio sits at 37.2%, with 97.7% sourced from preferred equity. The amplification ratio measures the total sum of debt and notional preferred stock relative to Bitcoin’s market value. Consequently, Strive maintains disciplined risk management while scaling its digital asset exposure.

Ben Werkman, Chief Investment Officer, noted, “The successful completion of this oversubscribed SATA follow-on offering reflects robust and growing investor demand for digital credit.” Furthermore, the company’s quarter-to-date Bitcoin yield stands at 21.17%, demonstrating notable returns on its digital treasury. Hence, Strive’s strategic approach combines rapid debt reduction, preferred equity financing, and Bitcoin accumulation.