Vivek Ramaswamyโfounded Strive, has added over 333 Bitcoin to its corporate treasury, making it the 10th largest corporate holder of the bellwether cryptocurrency. Simultaneously, Strive announced it had retired 92% of the debt it inherited through its recent acquisition of Semler Scientific.
Summary
- Strive added 333.89 Bitcoin at an average price of $89,851, lifting its total holdings to 13,131.82 BTC.
- The company retired $110 million, or 92%, of the debt inherited from Semler Scientific using proceeds from its upsized SATA preferred stock offering.
According to a Jan. 28 press release, the latest acquisition for 333.89 Bitcoin was executed at an average price of $89,851 that brought the companyโs total holdings to 13,131.82 Bitcoin. As per current pricing, the total treasury is valued at upwards of $1.17 billion, with a reported Bitcoin yield of approximately 21.2% quarter-to-date.
Meanwhile, Strive has completed a significantly upsized Variable Rate Series A Perpetual Preferred Stock offering, branded as SATA, where it saw investor demand exceed $600 million across institutional channels.
Strive will use the proceeds to retire $110 million of the total $120 million in debt it inherited from Semler Scientific earlier this month. This includes $90 million of convertible notes exchanged for SATA stock and the full repayment of a $20 million Coinbase credit loan, the announcement noted.
As for the remainder of the debt, the company hopes to pay off the outstanding $10 million within the next four months.
Strive finalized its all-stock deal to acquire Semler Scientific on Jan. 13 after shareholders overwhelmingly approved the transaction, as a result of which it was able to consolidate Semler Scientificโs 5,048.1 Bitcoin. The firm also disclosed plans to monetize Semler Scientificโs operating healthcare business and said it would primarily rely on preferred equity rather than traditional debt to advance its Bitcoin-focused capital strategy.
Nevertheless, the recent developments were not enough to reassure investors, and ASST shares fell by over 2.2% on Wednesday.
Bitcoin, in the meantime, is down roughly 30% from its October all-time high of $126,080, as various macro forces have taken a toll on the marketโs risk appetite.
As a result, a number of publicly traded companies that have added Bitcoin to their balance sheets have seen their stocks slide in the latter half of 2025, a trend that has continued through 2026.
Data from Bitcoin Treasuries shows that over 190 publicly listed companies now collectively hold about 1.134 million Bitcoin, accounting for nearly 5.4% of the total circulating supply.
