Strive, a Dallas-based Bitcoin treasury company, maintains a strategy centered on institutional custody and an 18-month cash reserve. This approach aims to ensure dividend payments to investors without requiring the sale of Bitcoin holdings during market downturns.
As of early November 2026, Strive held 43,153 BTC, valued at approximately $3 billion. The company currently ranks as the fourth-largest publicly traded corporate holder of Bitcoin and intends to reach the second position.
The company operates without traditional debt and funds itself through preferred stock. It offers two types of shares: SATA, with a variable dividend of approximately 13%, and SATS, which provides a fixed 15% dividend. These dividends are paid on a daily basis.
Strive maintains a reserve of cash and marketable securities sufficient to cover 18 months of dividend obligations. This buffer was established to protect the company's core Bitcoin position from being sold to meet financial commitments.
The company's treasury strategy began in 2025 following a reverse merger with Semler Scientific. Strive's average acquisition cost for its Bitcoin holdings ranges between $87,000 and $88,000 per BTC.
