Bitcoin News
By James Thorp
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What Happened. Based in Dallas, Strive now holds nearly two billion dollars in bitcoin.
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Historical Context. Strive's choice is reminiscent of something. During the Internet bubble of the 2000s, some…
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Why It Matters. The absence of leverage protects Strive from a specific scenario: forced liquidation.
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What to Watch. Three things deserve attention in the coming months.
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Twenty-five thousand bitcoins. That's what Strive, a Nasdaq-listed company, now holds after its latest purchase of 469 bitcoins at an average price of $77,954 each. No debt.
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Based in Dallas, Strive now holds nearly two billion dollars in bitcoin. Its latest purchase was entirely financed through the sale of SATA — its perpetual preferred stock —…
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No debt on the balance sheet. It seems simple, but it's rare.
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Strive's choice is reminiscent of something. During the Internet bubble of the 2000s, some companies refused to finance their growth through debt. Slower growth, yes.
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Strive is making a different bet. The company seems to want to show that a solid bitcoin treasury can be built without playing with the fire of leverage.
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And then there's the acquisition of Semler Scientific in January 2026 — a move that has little precedent in the world of publicly traded bitcoin treasuries.
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See also: BTW climbs 36.8%, highlighting the strength of altcoins against Bitcoin's dominance
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The absence of leverage protects Strive from a specific scenario: forced liquidation. When the price of bitcoin crashes quickly, indebted companies sometimes have to sell their…
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Related: BTW Soars 36.8%, Spotlighting Altcoin Strength Amid Bitcoins Dominance
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For investors who want bitcoin exposure without the risk of seeing their company disappear in three weeks of a bear market, it's probably a different proposition.
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Financing via SATA is also an interesting point. A perpetual preferred stock gives priority rights to holders without creating a repayment obligation like traditional debt.
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