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Vivek Ramaswamy Strive Beats Tesla in Bitcoin Holdings, Hikes SATA Dividend to 12.75%

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Vivek Ramaswamy Strive Beats Tesla in Bitcoin Holdings, Hikes SATA Dividend to 12.75%

Vivek Ramaswamy Strive Asset Management just passed Tesla on the corporate Bitcoin leaderboard.

The firm now holds 13,310.9 BTC worth roughly $944 million, claiming the 10th spot among public treasury holders. Tesla’s 11,509 BTC is now behind them.

The update came alongside Q4 results that also confirmed a dividend hike for SATA preferred stock to 12.75% and a $50 million investment in Strategy’s STRC preferred stock.

Strive is not just talking about Bitcoin. It is building a treasury to match.

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Key Takeaways
  • BTC Holdings: Strive now holds 13,310.9 BTC (~$944M), surpassing Tesla to enter the top 10 public treasuries.
  • SATA Dividend: The board hiked the dividend on SATA preferred stock to 12.75% to attract yield-focused capital.
  • STRC Investment: The firm deployed $50 million into Strategy’s STRC preferred stock to generate yield on its balance sheet.

Ramaswamy Strive’s Bitcoin Capital Stack: Funding the Buy

Strive is scaling its Bitcoin treasury fast using a mix of at-the-market offerings and structured finance instruments.

Since going public in September 2025, the firm has accumulated BTC through PIPE proceeds and its acquisition of Semler Scientific. The latest tranche added roughly 317 BTC.

The capital stack is deliberate. Strive purchased $50 million of Strategy’s STRC preferred stock to fund its SATA dividend program. Holding high-yield Bitcoin-backed instruments like STRC generates the cash flow needed to support the 12.75% payout while maintaining direct BTC exposure at the same time.

The numbers back the approach. Strive reported a Bitcoin Yield of 22.2% in Q4 2025. GAAP net loss came in at $393.6 million driven by fair value declines. But GAAP is not the metric investors in this playbook are watching. BTC per share accretion is. And that number is moving in the right direction.

What It Means for Corporate Adoption: A New Leaderboard

Passing Tesla is more than a leaderboard moment. Tesla has held a static position since its initial buys and partial sales. Strive represents something different entirely. A financial firm actively re-engineering its balance sheet around Bitcoin as a core strategy.

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The shift is broader than one company. Institutional crypto is moving from passive holding to active treasury management. Evernorth built a SPAC around XRP reserves.

Strive is proving public markets will award a premium to companies that successfully securitize Bitcoin holdings. The model gives shareholders Bitcoin volatility plus a yield component through the 12.75% SATA dividend. Spot ETFs cannot offer that combination.

CEO Matthew Cole has signaled the accumulation is not slowing down. Over $83 million in cash remains on hand with a $500 million shelf offering still available. The buy walls are staying active.

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The infrastructure is built. The capital is deployed. The race for balance sheet supremacy is accelerating and Strive just moved into the top 10.

Discover: The best new crypto in the world

The post Vivek Ramaswamy Strive Beats Tesla in Bitcoin Holdings, Hikes SATA Dividend to 12.75% appeared first on Cryptonews.

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Singapore’s Ryde Bets on Crypto Reserves for Corporate Treasury

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Crypto Breaking News

Ryde Group, a Singapore-based ride-hailing and carpool platform listed on the NYSE American, said on Wednesday that it will formalize a crypto treasury strategy for its corporate reserves. The plan contemplates allocating a portion of Ryde’s treasury to Bitcoin (BTC), Ether (ETH), and Solana (SOL), with exact allocations and timing to be determined by a governance team within the company, per its announcement.

The company argues that the evolving macroeconomic environment warrants a more flexible approach to treasury management, and says holding digital assets could offer additional options for optimizing capital and liquidity. Ryde emphasized that its crypto holdings will be stored with a third-party custodian, and that it has established an investment committee to oversee portfolio decisions and a separate risk management committee to ensure safety and regulatory compliance. These governance layers are designed to balance potential upside with prudent oversight.

Ryde’s stock, which trades on the NYSE American, traded down roughly 13% in early Thursday afternoon trading, trimming a year-to-date gain of more than 122% per Yahoo Finance. The company did not immediately respond to a request for comment by publication time.

Historically, Ryde began accepting Bitcoin as an in-app payment method in 2020 and later broadened support to include some altcoins. It remains unclear whether the platform currently accepts cryptocurrency for payments, but RydePay historically allowed users to convert supported cryptocurrencies into Ryde tokens to pay for services on the platform.

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The move to crypto treasuries is noteworthy as the broader sector faces mounting headwinds. Industry data cited by Cointelegraph shows that digital-asset treasury firms have struggled with a challenging environment, including a September 2025 multi-asset net asset value (mNAV) collapse that left many treasuries trading below the value of their crypto holdings. In February 2026, monthly inflows into crypto treasury firms slowed to their lowest levels since October 2024, reaching about $555 million for the month. The sector’s fragility is also reflected in corporate actions like GD Culture Group (GDC) authorizing the sale of portions of its Bitcoin reserve to finance a share buyback, and in the challenges faced by Ether-backed treasuries such as BitMine Immersion Technologies, which reported substantial paper losses as Ether prices remained far from its average acquisition price.

Key takeaways

  • Ryde Group plans a formal crypto treasury, allocating reserves to BTC, ETH, and SOL, with allocations and timing set by an internal governance team.
  • Assets would be held with a third-party custodian, supported by an investment committee and a separate risk management committee to oversee compliance and risk.
  • The development follows Ryde’s prior crypto usage for payments (BTC in-app payments started in 2020), though current acceptance for payments is not clearly stated.
  • Ryde’s stock fell about 13% in Thursday trading, after a strong year-to-date rally, highlighting the market’s sensitivity to treasury-related disclosures and crypto volatility.
  • Industry-wide data show a difficult environment for corporate digital-asset treasuries, with an mNAV collapse in 2025 and subdued inflows in early 2026, alongside corporate strategies to rebalance holdings (e.g., GD Culture Group and Ether treasuries).

Ryde’s treasury pivot and the path forward for corporate crypto strategies

Ryde’s announcement positions the company within a growing, albeit cautious, cohort of corporate treasuries embracing digital assets as part of their capital management playbooks. By formalizing a governance-driven framework, Ryde aims to navigate crypto volatility while seeking potential upside from long-hold assets like BTC, ETH, and SOL. The use of a custodian and dedicated governance structures points to a desire for regulatory compliance and risk containment, two features that have separated blue-chip treasuries from opportunistic trades in the sector.

Analysts and investors will want to watch several developments in the coming quarters. First, the allocation mix and the size of the crypto position will indicate how aggressively Ryde leans into digital assets relative to traditional cash holdings. Second, governance and risk-management processes will be tested as crypto markets move through cycles of volatility and regulatory inquiry. Finally, the company’s broader treasury strategy could influence investor sentiment around Ryde’s balance sheet resilience and capital allocation priorities in a sector where market dynamics and macro factors can trigger rapid revisions in corporate crypto plans.

Industry backdrop: what the broader market is telling treasuries

The trajectory of corporate digital-asset treasuries in 2025–2026 has been a study in contrasts. After a period of rapid expansion, the sector experienced a notable mNAV collapse in September 2025, with several treasuries trading below the net value of their crypto holdings. In February 2026, monthly inflows into crypto-treasury products slowed to about $555 million—the lowest since October 2024—signaling tighter appetite among corporate treasuries despite renewed interest in blockchain-enabled treasury solutions. This environment has also seen firms take measured actions, such as GD Culture Group authorizing the sale of Bitcoin reserves to finance a share-repurchase program, while others grapple with unrealized losses tied to ether prices in the market.

Observers emphasize that these conditions complicate the decision to deploy capital into crypto while underscoring the importance of robust governance, transparent reporting, and clear regulatory alignment for corporate treasuries. The Ryde move, if executed with discipline, could serve as a case study in how mid-cap, non-crypto-specific companies approach digital assets as part of a broader treasury strategy rather than as a speculative bet.

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For readers, the next milestones to monitor include the specific asset allocations Ryde approves, the cadence of rebalancing, and the outcomes of its risk-management oversight. The evolving regulatory framework around corporate crypto holdings and the development of custodian standards will also shape how aggressively other non-crypto firms contemplate digital-asset treasuries in the future.

Sources linked in coverage and sector data provide a broader context for Ryde’s move: the company’s own announcement on the crypto-treasury shift, public stock-trading records such as Yahoo Finance for Ryde’s share movement, and sector analysis detailing mNAV developments and inflows data from Cointelegraph-reported industry metrics and CoinGecko-tracked treasury charts. These inputs help frame the decision as part of a wider re-examination of how companies balance risk, liquidity, and potential upside in a volatile macro environment.

What remains uncertain is how Ryde will calibrate its crypto exposure over time, how it will adapt to any regulatory changes, and what this means for user payments and partner ecosystems if the strategy yields meaningful reserve-driven flexibility. Investors and industry watchers will be paying close attention to whether Ryde’s framework can deliver tangible treasury resilience without compromising financial stability.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Animoca Brands Invests in Ava Labs to Expand Avalanche in Asia, Middle East

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Animoca Brands Invests in Ava Labs to Expand Avalanche in Asia, Middle East

Animoca Brands has made a strategic investment in Ava Labs and entered a partnership to support projects building on the Avalanche blockchain, focusing on capital deployment, advisory support and expansion in Asia and the Middle East.

According to Thursday’s announcement by the Hong Kong-based Web3 company, the collaboration will target sectors including real-world assets, digital identity and entertainment, with Animoca providing business development support and access to regional networks to help Avalanche-based projects scale and reach institutional users.

Projects pursued under the partnership may also tap into the broader ecosystem of portfolio companies, Animoca said.

The effort is aimed at strengthening Avalanche’s position in markets where digital asset activity is growing, particularly by supporting deployments that require scalable infrastructure and compatibility with existing blockchain standards.

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Animoca will also work with Avalanche developers on product integrations and funding opportunities, with an initial focus on projects seeking to launch and expand in the Middle East and Asia.