TLDR
- Strive retired $110M debt from Semler including a $20M Coinbase loan.
- Strive acquired 333.89 BTC at an average price of $89,851 per coin.
- The company now holds 13,132 BTC worth over $1.1 billion.
- Despite progress, Strive shares fell 2.23 percent to $0.80 on Wednesday.
Strive has retired $110 million in inherited debt and purchased 334 Bitcoin using proceeds from a successful $225 million stock offering. The company now holds over 13,132 BTC, placing it among the top 10 corporate Bitcoin holders worldwide.
Debt Reduction Strategy Nearly Complete
Strive has retired $110 million of the $120 million debt inherited from Semler Scientific. This includes $90 million in convertible notes and a $20 million loan from Coinbase Credit Inc. The remaining $10 million is expected to be repaid by April 2026.
Strive Announces Closing of Upsized & Oversubscribed Follow-On Offering of SATA Stock and Concurrent Exchange of Semler Notes
– The Company used a portion of the cash proceeds from the offering of SATA Stock to retire the legacy Semler Scientific $20 million loan with Coinbase… pic.twitter.com/HO55uXOIeq
— Strive (@strive) January 28, 2026
The company exchanged 930,000 shares of SATA preferred stock to settle the convertible notes. It used proceeds from its recent fundraising effort to support the debt elimination process. Matt Cole, Strive’s chairman and CEO, confirmed the reduction, stating the firm has cleared 92% of Semler’s liabilities.
$225 Million Raised Through SATA Offering
The SATA preferred stock offering was oversubscribed, attracting $600 million in interest. As a result, Strive increased the offering size from $150 million to $225 million. The funds were used to reduce debt and grow the company’s Bitcoin holdings. The offering aligns with Strive’s shift to a “perpetual-preferred only amplification model.”
The preferred shares provide long-term capital without adding new debt. This approach enables the company to focus on Bitcoin accumulation while maintaining a cleaner balance sheet. Strive also mentioned that remaining funds, along with existing cash and hedge proceeds, will be used for further investments into Bitcoin-related financial products.
Bitcoin Treasury Now Exceeds 13,000 Coins
Strive purchased 333.89 Bitcoin at an average price of $89,851. This brings the company’s total Bitcoin holdings to approximately 13,132 BTC. At current market prices, the treasury is worth about $1.17 billion.
The company confirmed that its Bitcoin is now fully unencumbered after repaying the Coinbase loan. Strive has now become one of the top 10 corporate holders of Bitcoin, surpassing CleanSpark in total coin ownership. Strive reported a 21.2% Bitcoin yield quarter-to-date. This yield is calculated by measuring the growth in Bitcoin exposure per common share during the reporting period.
Market Response Remains Cautious
Despite the debt repayment and Bitcoin expansion, Strive’s stock dropped 2.23% on Wednesday to $0.80. The share price is now down over 92% from its peak of $10.46, recorded after it adopted its Bitcoin treasury strategy.
The decline reflects broader concerns about corporate Bitcoin holdings. Nearly 200 public companies now collectively hold 1.134 million BTC, about 5.4% of the total supply. Strategy, led by Michael Saylor, controls almost 63% of corporate holdings and continues to buy amid market volatility.
Strive’s move comes during a time of renewed institutional Bitcoin activity. CryptoQuant reports increased accumulation by large holders, even as retail investors exit. Strive’s approach mirrors this trend, focusing on structural accumulation through equity financing.
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