Strive Enters the Top 10 Corporate Bitcoin Holders and Surpassed Tesla

Strive, Inc., the asset management firm founded by Vivek Ramaswamy and listed on Nasdaq as ASST, has entered the top ten public corporate Bitcoin holders globally after acquiring an additional 317 BTC, bringing its total treasury to 13,628 BTC valued at approximately $954 million at current prices.

The Holdings and the Ranking

The 317 BTC purchase was reported by Business Insider, alongside Strive’s Q4 2025 financial results. The addition pushed the company’s total above Tesla’s static holdings of 11,509 BTC, which have not changed in years. Strive now sits tenth among public corporate Bitcoin holders globally.

The Tesla comparison is the more telling benchmark. Tesla accumulated its Bitcoin position in early 2021 and has not meaningfully added to it since. A company that acquired its holdings over a compressed recent window surpassing a position that has sat unchanged for years reflects how rapidly the corporate Bitcoin accumulation landscape has shifted in the current cycle. Static holders are being passed by active accumulators.

At approximately $70,000 per BTC, Strive’s 13,628 BTC treasury is worth roughly $954 million. The company is approaching a billion-dollar Bitcoin position built through structured accumulation rather than a single large purchase.

The Strategy Investment

The Bitcoin treasury is not Strive’s only Bitcoin-adjacent move this week. On March 16, the company allocated $50 million to purchase perpetual preferred shares of Strategy, formerly known as MicroStrategy. That $50 million figure represents more than one third of Strive’s corporate treasury deployed into a single position outside its direct Bitcoin holdings.

The preferred shares are structured to generate a double-digit yield. Strive is effectively earning a return on Strategy’s Bitcoin premium while maintaining its own direct BTC exposure simultaneously. That layered approach, holding Bitcoin directly while also earning yield on a Bitcoin-correlated equity instrument, is a more complex treasury strategy than simple accumulation.

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How Strive Is Funding the Accumulation

Strive uses a preferred stock offering branded as SATA to fund its Bitcoin purchases. That structure allows the company to raise capital for BTC acquisition without taking on traditional debt leverage. The distinction matters for balance sheet risk. Debt-funded Bitcoin accumulation introduces liquidation risk if prices decline sharply. Preferred equity funding does not carry the same forced-sale mechanism.

The company reported a Bitcoin Yield of 22.2% for Q4 2025 and 13.8% quarter-to-date for Q1 2026 as of mid-March. Bitcoin Yield is a metric that measures the percentage change in BTC holdings per diluted share, reflecting how effectively the company is growing its per-share Bitcoin exposure relative to share dilution from capital raises. Both figures are strong by any comparable benchmark in the corporate treasury space.

Where Strive Sits in the Broader Picture

The top ten corporate Bitcoin holder list now includes two Trump-affiliated entities, American Bitcoin and Trump Media, as covered in earlier reporting this week, alongside established names like MicroStrategy and Marathon Digital. Strive’s entry adds a third politically prominent figure’s company to that tier.

Whether Ramaswamy’s involvement is a material factor in Strive’s accumulation strategy or a coincidence of timing is not answerable from the disclosed data. What the numbers show is a company accumulating aggressively, structuring its capital raises carefully, and deploying treasury capital into Bitcoin-correlated instruments beyond direct holdings. That is a more sophisticated operation than most new entrants to the corporate treasury space have demonstrated.

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