ChainThink report, March 19: According to The Block, Strive, the Bitcoin treasury firm (DAT) founded by Vivek Ramaswamy, increased its BTC holdings by 317 BTC over the past week. As of March 17, its total BTC position reached 13,627.9 BTC, ranking it tenth among publicly disclosed Bitcoin treasury holders—surpassing CleanSpark.

Since its listing in September 2025, Strive has accumulated Bitcoin through multiple channels: 5,886 BTC from its initial PIPE financing, 5,048 BTC acquired via the acquisition of Semler Scientific, and 2,694 BTC obtained through IPO, market issuance programs, and follow-on offerings. Strive funds its Bitcoin strategy primarily through structured financial instruments, with its core product being the variable-rate Series A perpetual preferred shares (SATA).

Despite continuous growth in its BTC holdings, Strive reported a GAAP net loss of $393.6 million for Q4 2025, and an adjusted non-GAAP net loss of $208.2 million, with approximately 93% ($194.5 million) attributed to the decline in fair value of its Bitcoin positions. As of March 17, Strive held $83.7 million in cash and equivalents, with a fair value of STRC positions at $50.4 million, and the market value of its BTC holdings estimated at around $944.3 million.