DATA DROP: Strive Is Now Accumulating Bitcoin Faster Than Any Company

The BitcoinTreasuries.net May Corporate Adoption Report is now available.

This month’s standout development is Strive: the company grew its Bitcoin holdings by roughly 30% over about one month, generated $276 million in SATA proceeds in May, and has climbed to #7 on our public companies leaderboard.

Plus, starting in June, it’s the first equity to pay daily dividends to shareholders, paying out even more frequently than Strategy’s new semi-monthly schedule.

This comes alongside strong sector-wide public holdings growth, up 51,045 BTC gross and 43,557 BTC net in May. The last month’s growth is powered by purchases and disclosures from Strategy, SpaceX, and Strive, detailed in our buying recap.

Here are our key findings from the current report.

1. Strive’s digital credit proceeds are rising rapidly

Strive’s proceeds from SATA digital credit this month were considerable. Daily SATA ATM proceeds topped out at $87 million on May 29, more than twice the proceeds raised on the previous day and enough to buy approximately 1,180 BTC. 

We estimate that SATA brought in $276 million in proceeds, or 12.4% of digital credit ATM proceeds alongside STRC, over the course of May.

Track this growth live on our digital credit dashboard.

2. Strive holdings grew 30.5% over one month

Our key finding: Strive bought 4,443 BTC, equal to 30.5% of its previous holdings over approximately one month ending June 2. By contrast, Strategy bought 10% of its existing holdings over about one month ending May 18.

May 25 marked an exceptional week. We estimate that Strive may have purchased 2,649 Bitcoin, 16-17% of its existing balance, from SATA proceeds that week.

3. SpaceX among leaderboard shakers

We saw notable changes in our leaderboard of top public Bitcoin holders. Strive rose to #7 with its accelerated purchases, and American Bitcoin reached #15 at month-end. SpaceX is expected to enter the top ten public companies after its IPO.

4. STRC now the world’s largest preferred share 

New data from Strategy: its STRC digital credit is the world’s largest tradeable preferred share by market cap, boasting a $10.5 billion market cap. STRC also boasts 25x more liquidity than the next largest preferred shares on the list.

STRC also demonstrated strong trading volumes and ATM proceeds — on par with March and April and detailed elsewhere in our report.

5. Five holders have over $500 million in STRC

We continue to track companies and projects that are known to hold Strategy’s STRC — with BitcoinTreasuries.net partner Apyx holding $300 million as of early June.

Prevalon, Saturn, Strive, and Oranje holdings bring total known holdings above $500 million based on STRC’s $100 par value. Anchorage also holds an unknown amount of STRC, which we estimate at $20 million based on various contexts.

6. Five altcoin treasuries are in the top 20 

At month-end, altcoin treasuries held $20 billion in various cryptoassets, and Ethereum dominated with $13 billion in holdings.

Integrating altcoin treasuries with the Bitcoin treasury leaderboard, five altcoin treasuries rank among the top 20 companies by holdings value. Three hold Ethereum, one holds entirely Hyperliquid tokens, and one holds entirely Rain tokens.

For further analysis, or to discuss trends driving your investment or treasury strategy, reach out to our research team at office@bitcointreasuries.net.