Strive Surpasses Tesla in Corporate Bitcoin Holdings, Adds BTC Via Capital Markets

Published: 2026-03-19 18:35:04 |

Strive Asset Management said its corporate Bitcoin holdings strategy has moved ahead of Tesla, with the latest disclosure showing 13,310.9 BTC (about $944M). The company is now positioned among the top 10 publicly listed treasuries by BTC reserves, and newer reporting estimates total holdings around 13,628 BTC. Strive is accelerating its BTC treasury via structured finance and equity issuance. Since going public in September 2025, it has added Bitcoin using PIPE proceeds and the Semler Scientific acquisition, including a recent tranche of roughly 317 BTC. The build is paired with capital-market actions: Strive raised its SATA preferred dividend to 12.75% and invested about $50M into Strategy’s STRC preferred shares to balance cash-flow support with continued BTC-related exposure. Financially, Q4 2025 highlighted a 22.2% BTC holdings yield, but Strive recorded a GAAP net accounting loss of $393.6M due to fair value declines. Management emphasized “BTC per share” growth as the key KPI and indicated ongoing accumulation plans, including expanded digital lending. For traders, this reinforces the trend of active corporate Bitcoin portfolio deployment rather than passive holding. It may support sentiment around large-cap BTC demand, especially if other issuers follow similar treasury financing models.

Bullish

Strive moving ahead of Tesla in corporate Bitcoin holdings, alongside disclosed incremental BTC purchases (including the latest ~317 BTC tranche) and ongoing accumulation plans, suggests persistent demand for large-cap BTC via institutional treasury management. The raised SATA preferred dividend and the STRC preferred investment indicate that the company is using capital markets to sustain cash-flow while keeping BTC-related exposure, which can make buy-side behavior more durable. In the short term, the news may lift BTC sentiment as traders interpret it as continued balance-sheet support from public companies. In the longer term, if this financing model scales across similar issuers, it can strengthen the narrative of active BTC deployment and potentially reduce supply over time. The main counterpoint is that Strive’s GAAP net losses from fair-value declines highlight volatility in accounting metrics, but the market impact is more likely to be driven by actual BTC reserve growth rather than GAAP noise.