Strive buys 334 BTC, shaves most debt from Semler Scientific deal

Bitcoin treasury institution Strive said it has retired 92% of the indebtedness it inherited aft acquiring Semler Scientific earlier this month, and bought different 334 Bitcoin, pursuing the closure of a preferred banal offering.

Strive said connected Wednesday that it saw $600 cardinal successful request for its Variable Rate Series A Perpetual Preferred Stock, trading nether “SATA,” and had upsized its people raise from $150 cardinal to $225 cardinal successful response. 

The banal offering is simply a signifier of long-duration equity financing designed to money Bitcoin (BTC) accumulation without expanding leverage. 

The Vivek Ramaswamy-backed Strive finalized its acquisition of erstwhile Bitcoin treasury institution Semler Scientific connected Jan. 13 aft agreeing to a merger successful September.

Earlier this month, Strive said it would usage the superior raised from the banal offering, on with existing currency and imaginable proceeds from unwinding hedging transactions, to wage down liabilities, with the remainder of the funds utilized to get Bitcoin and Bitcoin-related products. 

The institution confirmed connected Wednesday that it volition usage the proceeds to discontinue $110 million, oregon 92%, of the Semler indebtedness it inherited, including $90 cardinal of convertible notes exchanged for SATA banal and the afloat repayment of a $20 cardinal Coinbase recognition loan.

Source: Matt Cole

Strive added that with the status of the Coinbase loan, its Bitcoin holdings are present afloat unencumbered, and the institution plans to wage disconnected the remaining $10 cardinal indebtedness wrong the adjacent 4 months.

Strive is present a apical 10 firm Bitcoin treasury institution aft its 333.9 Bitcoin acquisition astatine an mean terms of $89,851 boosted its full tally to 13,132 BTC, worthy $1.17 billion.

Strive noted that its Bitcoin output is 21.2% quarter-to-date, representing the percent maturation of its Bitcoin vulnerability per communal stock implicit a play of time.

Strive shares inactive fell connected Wednesday

The equilibrium expanse improvements weren’t capable to support Strive retired of the reddish connected Wednesday, with ASST shares falling 2.23% to $0.80, Google Finance data shows.

ASST is present 92.4% disconnected its $10.46 highest since announcing its Bitcoin strategy, highlighting the volatility and execution risks tied to firm Bitcoin treasury strategies.

Related: Coinbase launches prediction markets successful each 50 US states via Kalshi 

Establishing Bitcoin treasuries became a fashionable organization trend crossed 2024 and aboriginal 2025, though galore saw their shares tumble successful the backmost fractional of past twelvemonth arsenic the sustainability of specified strategies was called into question.

More than 190 publically traded companies clasp Bitcoin connected their equilibrium sheets, collectively owning astir 1.134 cardinal Bitcoin — astir 5.4% of the cryptocurrency’s full supply.

Nearly 63% of corporate-held Bitcoin is owned by Michael Saylor’s Strategy, which continues to marque caller Bitcoin purchases contempt backing drying up successful caller months amid a broader crypto marketplace pullback.

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