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Strive buys 1,109 BTC for $85.4M, surpassing Coinbase as a top public bitcoin holder.

Market News
26 May 2026
Blockonomi
View Source
Bullish
pluang ai news

Strive purchased 1,109 bitcoins between May 19 and May 22 for about $85.4 million, raising its total holdings to 16,500 BTC and surpassing Coinbase and Riot Platforms among public corporate bitcoin holders. The company also reported repaying all outstanding debt and holding zero encumbered bitcoin, with cash reserves increasing to $93.3 million. Strive's stock rose over 4% following the announcement, trading near its year-to-date high. Additionally, Strive plans to start paying daily dividends on its SATA preferred shares and is considering refreshing its equity sale programs to raise more capital, signaling ongoing growth and treasury strategy expansion.

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