Strive piles into Bitcoin

Strive disclosed the provenance of its recent BTC accumulation: 5,886 BTC were sourced from its initial PIPE, 5,048 BTC were acquired via the all‑stock purchase of Semler Scientific, 351 BTC came from an exchange trade, and 2,694 BTC arrived through other capital‑markets activity including the SATA IPO and ATMs. (investors.strive.com) The company reported a 22.2% BTC yield for Q4 2025 and a 13.8% quarter‑to‑date BTC yield as of March 17, 2026, with realized BTC gains of 1,305 BTC in Q4 2025 and 1,050 BTC QTD that translated to $114.3M and $78.2M respectively. (investors.strive.com) Strive completed a registered offering of 2,000,000 SATA shares at $80 on November 10, 2025 (net proceeds ≈ $148.4M) and a follow‑on sale of 1,320,000 SATA shares at $90 on January 27, 2026 (net proceeds ≈ $109.2M), using those capital markets taps to fund treasury activity. (investors.strive.com) Proceeds and cash were applied to corporate housekeeping: Strive retired a $20M loan with Coinbase Credit Inc. that it assumed in the Semler deal and converted Semler’s operating business into a Clinivanta subsidiary, appointing former Teleflex CMO Michelle Fox as Clinivanta CEO. (investors.strive.com) The purchased security is Strategy’s variable‑rate Series A perpetual preferred (ticker STRC), a yield‑oriented instrument Strategy positions as liquidity for Bitcoin‑treasury companies; Strategy leadership publicly framed the transaction as part of a forming “Bitcoin capital stack.” (businesswire.com) (stocktwits.com) Strive raised SATA’s dividend by 25 basis points to 12.75%, declared a $1.0625 per‑share SATA dividend for holders of record April 1, 2026, and expanded the SATA dividend reserve from a 12‑month cash cover to an 18‑month reserve composed of 12 months cash plus 6 months equivalent in STRC‑based coverage. (investors.strive.com)