Strive retired $110M in Semler debt, bought 334 BTC, now holds 13,131.82 Bitcoin, and ranks as the 10th largest public corporate holder.
Strive Inc. has reduced legacy acquisition debt and expanded its Bitcoin treasury in a short period.
The company confirmed debt repayments, preferred stock issuance, and additional Bitcoin purchases. These moves place Strive among the top ten public corporate Bitcoin holders worldwide.
Debt Reduction After Semler Acquisition
Strive reported that it has retired $110 million of debt linked to the Semler Scientific acquisition.
The repayment followed an upsized and oversubscribed follow-on offering of SATA preferred stock. The company stated that investor demand exceeded initial expectations.
The firm exchanged about $90 million of Semler’s convertible senior notes for SATA stock. This exchange involved roughly 930,000 preferred shares. The transaction reduced outstanding note balances while avoiding additional cash obligations.
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
Strive also used offering proceeds to repay a $20 million loan from Coinbase Credit Inc. After this repayment, the company confirmed that all Bitcoin holdings are unencumbered. Management said the remaining $10 million in notes is expected to be retired by April 2026.
SATA Stock Offering and Capital Structure
The follow-on offering included 1,320,000 shares of Variable Rate Series A Perpetual Preferred Stock. Shares were priced at $90 each. Combined with note exchanges, total capital raised reached $225 million.
The company reported over $600 million in demand for the offering. This demand led to an increase from the initial $150 million target. The offering focused on preferred equity rather than common shares or new debt.
Chairman and CEO Matt Cole said, “We are returning to a preferred equity–only structure.” He added that long-duration financing aligns with long-term Bitcoin holdings. The company emphasized balance sheet discipline and reduced leverage.
Related Reading: Strive Unveils $500M Program to Boost Bitcoin Treasury
Bitcoin Purchases and Treasury Position
According to Matt Cole, Strive acquired 333.9 Bitcoin to become the 10th-largest corporate holder, bringing its total holdings to 13,131.82 BTC.
The company retired 92% of Semler’s debt and plans to complete full repayment by April. It also reported a 37% amplification ratio, with 98% coming from SATA, achieved a 21% Bitcoin yield in Q1 2026, and updated its dashboard.
STRIVE UPDATES
– Acquired an additional 333.9 Bitcoin
– Now the 10th largest corporate Bitcoin hodler
– 92% of Semler debt retired w/ plans for 100% by April
– 37% amplification ratio w/ 98% of amp from $SATA
– 21% Bitcoin yield in 1Q26
– Dashboard updated$ASST https://t.co/t1CMvcD46u pic.twitter.com/xnL5z0iqXo— Matt Cole (@ColeMacro) January 28, 2026
With this balance, Strive ranks as the tenth largest public corporate Bitcoin holder globally.
The company noted that it holds all Bitcoin directly and without liens. Holdings are reported as of January 28, 2026.
Chief Investment Officer Ben Werkman said the offering showed demand for digital credit products. He stated that Strive scaled its Bitcoin treasury within months. The company reported a quarter-to-date Bitcoin yield of 21.17 percent per share.
