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Strive Surpasses Coinbase to Become Seventh-Largest Corporate Bitcoin Holder

Strive Surpasses Coinbase to Become Seventh-Largest Corporate Bitcoin Holder

According to a May 26 filing, Strive bought 1,109 BTC at an average $76,989, lifting its treasury to 16,500 BTC and overtaking Coinbase as it reviews funding options for further purchases.

BTC

Fact Check
The Bitcoin Magazine X post dated 2026-05-26 explicitly states Strive bought 1,109 BTC and now holds 16,500 BTC worth $1.25B, matching the claim verbatim. The bitcointreasuries.net Strive tracker page corroborates a 16,500 BTC holdings figure as of May 26, 2026. The prior 8-K filing referenced Strive at 15,391 BTC, and 15,391 + 1,109 = 16,500, providing internal arithmetic consistency. No primary Strive 8-K for this specific 1,109 BTC purchase was located in this run, but multiple aligned sources support the claim.
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Summary

According to a May 26 filing, Strive added 1,109 Bitcoin between May 19 and May 22 at an average price of $76,989 per coin, increasing its total holdings to 16,500 BTC and becoming the seventh-largest listed corporate Bitcoin treasury holder after surpassing Coinbase. The company said cash and cash equivalents rose to $93.3 million from $87.3 million, while its holdings of Strategy Inc.’s STRC preferred stock were valued at more than $50 million. Strive is evaluating refreshed at-the-market programs for its Class A common stock and SATA preferred stock to preserve flexibility for additional Bitcoin purchases. ASST shares have risen 133% over the past three months, and the company said SATA preferred stock is scheduled to begin daily cash distributions on June 16 with a stated 13% annual rate and an effective yield of about 13.88% through frequent compounding. The newer report adds that Strive’s rapid accumulation highlights broader corporate balance-sheet adoption of Bitcoin and the market attention paid to company treasury activity.

Terms & Concepts
  • BTC: The ticker symbol for Bitcoin, the largest cryptocurrency by market value.
  • Bitcoin treasury: A corporate strategy of holding Bitcoin directly on the balance sheet as a reserve or investment asset.
  • at-the-market programs: Equity issuance programs that let a company sell shares into the open market over time, typically to raise capital with added flexibility.