Strive has moved past CleanSpark in the top 10 corporate Bitcoin treasury rankings after purchasing 317 BTC, extending its push to become a major institutional BTC holder.
Strive, the asset management firm founded by Vivek Ramaswamy, has purchased 317 BTC and moved past CleanSpark into the top 10 corporate Bitcoin treasury holders. The acquisition marks another step in Strive’s aggressive push to accumulate Bitcoin as a core treasury asset.
Strive disclosed the addition of 317 BTC to its corporate treasury, a purchase that vaulted it ahead of CleanSpark in the top 10 public company Bitcoin holders. The acquisition was reported alongside the company’s Q4 results.
The quarterly earnings also revealed Bitcoin-driven losses on Strive’s books, according to The Block. Despite those paper losses, the company continued buying, signaling that short-term price volatility has not altered its long-term accumulation thesis.
CleanSpark, which accumulates Bitcoin primarily through mining rather than open-market purchases, now sits just below Strive in the rankings. The shift is notable because it shows a pure treasury-strategy firm outpacing an active miner in total holdings.
The corporate Bitcoin leaderboard remains dominated by Strategy (formerly MicroStrategy), which holds far more BTC than any other public company. Marathon Digital and Riot Platforms, both large-scale miners, also occupy top positions.
Strive’s entry into the top 10 places it among a mix of mining companies and corporate treasury adopters. The gap between Strive and the top holders remains substantial, but the ranking change underscores a broader trend of non-mining firms benefiting from a shifting regulatory landscape that increasingly accommodates corporate Bitcoin holdings.
Investors tracking these rankings often reference the live leaderboard of public companies sorted by total BTC held. Strive’s updated position confirms it has overtaken CleanSpark by a narrow margin.
Strive has positioned itself as a company built around Bitcoin exposure. The firm has made Bitcoin treasury accumulation a central part of its corporate identity, purchasing BTC on the open market rather than mining it.
This approach mirrors the playbook that Strategy pioneered under Michael Saylor, where a public company uses its balance sheet and capital markets access to accumulate Bitcoin at scale. The 317 BTC addition is the latest in a series of purchases that have steadily built Strive’s holdings.
The distinction between Strive and the miners it now outranks matters for readers tracking institutional Bitcoin adoption. CleanSpark earns BTC as a byproduct of its mining operations. Strive, by contrast, is deploying capital specifically to buy and hold Bitcoin, representing a different type of demand signal in the market.
This treasury-driven demand from non-mining firms comes at a time when institutional flows into crypto products have been mixed, with spot ETFs seeing both large inflows and notable outflow sessions. Strive’s continued buying suggests that some corporate treasurers remain committed to direct BTC holdings regardless of broader ETF flow trends.
Whether Strive continues climbing the leaderboard will depend on the pace of future purchases and how miners like CleanSpark and Marathon Digital expand their own holdings. With new crypto market activity picking up across the industry, competition for top treasury positions is likely to intensify in the months ahead.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
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