Key Takeaways
Where does Strive now rank 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 stock rose 1.26% to $92.15, while ASST shares climbed 4.05% in after-hours trading.
Bitcoin’s accumulation trend has not slowed, regardless of market sentiment. Institutions continue adding to their holdings whether prices rally or retrace.
Strive’s Bitcoin bet
The latest to make headlines is Strive, the Bitcoin [BTC] treasury and asset management firm founded by Vivek Ramaswamy. The company announced a $162 million BTC purchase following the oversubscribed listing of its SATA preferred stock on Nasdaq.
According to a recent post on Strive’s official X account, the firm has added 1,567 BTC to its balance sheet at an average purchase price of $103,315 per Bitcoin.
This latest acquisition pushes Strive’s total holdings to 7,525 BTC, valued at nearly $800 million, cementing its position among the world’s top corporate Bitcoin holders.
Where is Strive standing in Bitcoin holdings?
Data from BitcoinTreasuries.net places Strive at 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 also announced in its investor update that 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 enhancing shareholder value.
Strive’s latest move mirrors Michael Saylor’s “buy the dip” strategy at MicroStrategy, which has become a benchmark for corporate Bitcoin treasury management.
The announcement came as Bitcoin traded around $105,829, recovering from a brief dip below $99,000.
Stock price action and more
Needless to say, the market responded favorably to the news.
Strive (SATA) closed the day at $92.15, up 1.26%, and edged higher 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, 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 firm announced plans to acquire 75,000 BTC worth over $8 billion through discounted Mt. Gox bankruptcy claims.
The initiative, detailed in a recent SEC filing, was designed to boost Bitcoin per share and strengthen Strive’s long-term position in the digital asset market.
Source: https://ambcrypto.com/how-strives-162m-bitcoin-bet-could-make-it-the-next-microstrategy/