Strive Slaps Tesla Off the Bitcoin Throne: 13,311 BTC, 12.75% SATA Yield, and a $50M Yield Play

Vivek Ramaswamy’s Strive Asset Management didn’t just nudge Tesla off the Bitcoin throne—they gave it a gentle but very public kick in the pants while whispering, “nice try, El.” With 13,310.9 BTC (~$944M), Strive now holds 10th place, leaving Tesla’s 11,509 BTC to languish in the digital equivalent of a used Tesla Model S with 200,000 miles and a cracked screen. The market didn’t cheer—it just sighed, like a degens’ Discord channel when someone says “HODL” unironically.

Q4 2025 brought more than just BTC gains—it delivered a 12.75% dividend on SATA preferred stock, the kind of yield that makes bond traders cry into their Bloomberg terminals and DeFi wolves lick their lips. To fund this juicy payout, Strive tossed $50M into STRC preferred stock, a Bitcoin-backed instrument that’s basically a financial Rube Goldberg machine: buy BTC, securitize it, pay dividends, repeat until your CFO starts referring to Bitcoin as “the new dividends.” It’s not crypto—it’s crypto with a spreadsheet.

Here’s the laundry list of numbers, because apparently we still need to journal this like it’s 2021:

• Total BTC: 13,310.9 (~$944M)
• Accumulated as of 17 Mar 2026: 13,628 BTC (so they’re still buying, even when the whole world is “waiting for the dip”)
• BTC yield: 22.2% in Q4, 13.5% in Q1 (because even Bitcoin can’t keep pumping forever, but hey, they’re milking it like a crypto cow)
• BTC gains: 1,305 BTC ($114.3M) in Q4, 1,050 BTC ($78.2M) in Q1 (that’s not portfolio growth—that’s a Bitcoin ATMs run by a hedge fund)
• GAAP net loss: $393.6M (thanks, fair-value accounting, for pretending BTC is a liability instead of a divine asset)
• Cash on hand: $83M, with $500M shelf still open (aka, “we’re not done yet, and yes, we still have your money”)

Strive’s capital stack isn’t just engineered—it’s built like a DeFi vault designed by a Wall Street wizard who finally realized that “buying BTC” isn’t enough. The $50M STRC buy funds the SATA dividend, while the ATM offerings and PIPE cash keep the BTC faucet flowing. The latest tranche added 317 BTC—enough to make a Grayscale investor feel nostalgic for the days when “accumulation” meant buying one coin at a time.

CEO Matthew Cole says the buying spree isn’t slowing. With $83M in cash and a $500M shelf, Strive’s buy walls are thicker than a Satoshi whitepaper in a CFA exam prep class. They’re not just accumulating Bitcoin—they’re building a Bitcoin-powered central bank with an investor-facing dividend feature. If you thought Tesla was crypto’s corporate mascot, think again: Strive’s now the one handing out BTC lollipops to yield hunters.

Beyond the leaderboard drama, this is the quiet revolution: Strive turned its balance sheet from a crypto sideline into a yield-generating engine. Spot ETFs give you exposure