Strive just went debt-free with 15,009 Bitcoin

@Strive (Nasdaq: $ASST) has cleared its balance sheet of all debt while growing its Bitcoin treasury to 15,009 $BTC, according to a quarterly SEC filing covering activity through May 12, 2026.

How Strive Got Here

The Dallas-based firm's Bitcoin stack grew through a combination of open-market purchases and the January 2026 all-stock acquisition of Semler Scientific. The transaction included the transfer of Semler's 5,048 BTC to Strive's balance sheet. On top of that, Strive bought 1,381 Bitcoin between April 1 and May 12 at an average price of about $76,524 per coin.

Retiring the debt inherited from the Semler deal was the other key piece. Strive had assumed $100 million of Semler Scientific's 4.25% convertible senior notes due 2030 during the merger, later exchanging $90 million into SATA preferred stock before repurchasing the remaining $10 million balance after quarter-end. As of May 12, 2026, Strive had no short- or long-term debt outstanding.

The clean-up of legacy Semler liabilities had been a stated priority. Strive had previously planned to retire the remaining $10 million of debt by April 2026, ahead of its original 12-month timeline.

Where Strive Stands in the Corporate Bitcoin Rankings

Strive's 15,009 BTC holding carries a NAV of approximately $1.2 billion, as of May 12, 2026. That puts the company at the 11th largest public corporate Bitcoin position in the world, now entirely unencumbered by debt.

Strategy remains in a different league. The Virginia-based firm led by Executive Chairman Michael Saylor held 818,334 BTC as of late April 2026, acquired at a cumulative cost of roughly $61.8 billion, making it the largest corporate Bitcoin holder in the world.

Strive describes itself as a structured finance company and institutional asset manager. With Bitcoin as its hurdle rate for capital deployment, the company aims to increase Bitcoin per share over time and manages more than $2.7 billion in assets through its SEC-registered subsidiary, Strive Asset Management, LLC.

The Q1 filing also showed the company raising $58.4 million in gross proceeds from Class A shares and $58.6 million from SATA shares between April 1 and May 12 through at-the-market issuances, signalling that accumulation is not slowing down.

Sources:
Bitcoin.com News: Strive Reports 15,009 Bitcoin, Zero Debt After Semler Merger
Bitcoin Magazine: Strive's Bitcoin Treasury Crosses 15,000 BTC
CoinDesk: Strive Clears Semler Debt, Buys More Bitcoin