Strive’s Bitcoin Buy Rivals Strategy

Bitcoin treasury firm Strive has accelerated its BTC accumulation, and it is now on track to rival none other than Michael Saylor’s Strategy. 

The company is adding 1% to its total Bitcoin treasury today. For context on the scale of such an increase within the corporate BTC sector, a 1% addition to Strategy’s holdings equates to approximately 8,180 BTC.

Strive, which includes such big-name backers as Peter Thiel and Cantor Fitzgerald, is currently the ninth-biggest BTC treasury firm with 15,009 coins. 

How it works 

Strive’s SATA fund has nine full trading days remaining before its next ex-dividend date.

The ex-dividend date is a cutoff point that determines which shareholders are eligible for payments. 

If an investor purchases shares on or after the ex-dividend date, they will not receive the current dividend. 

It is rather typical to have a boost in buying volume on the verge of the deadline, given that investors aim to secure their position. 

Strategy’s debt restructuring 

In the meantime, Strategy, the undisputed leader of the Bitcoin treasury race, has repurchased roughly $1.50 billion of its outstanding 0% Convertible Senior Notes due 2029.

The company will pay an estimated aggregate cash price of $1.38 billion for the repurchases. 

Strategy expects to fund the repurchase using available cash reserves, proceeds from its at-the-market (ATM) equity offering program, and even proceeds from the direct sale of Bitcoin.

Leading treasury holders 

Strategy currently ranks first globally with 818,869 BTC. The remainder of the top five public corporate treasuries includes Twenty One Capital (43,514 BTC), Metaplanet Inc (40,177 BTC), MARA Holdings, Inc (35,303 BTC), and Bitcoin Standard Treasury Company (30,021 BTC). 

As reported by U.Today, MARA Holdings has dramatically reduced its reserves. The firm has sold 3,386 BTC as part of its widely reported AI pivot.