Strive disclosed Tuesday that it purchased an additional 1,109 bitcoins for roughly $85.4 million, pushing the Vivek Ramaswamy-founded company ahead of Coinbase and Riot Platforms among public corporate bitcoin holders.

The bitcoin treasury company said it bought the (BTC) between May 19 and May 22 at an average price of just under $77,000 per coin.

The purchase lifted Strive's total holdings to 16,500 BTC, according to a newly filed 8-K disclosure.

The move now makes Strive the seventh-largest public bitcoin holder ahead of Coinbase Global, which has 16,492 BTC on its balance sheet. 

Strive also surpassed Riot Platforms, which has sold portions of its bitcoin holdings this year to help fund its expanding AI and data center operations, including a growing partnership with AMD.

Shares of Strive (NASDAQ: ASST) were up more than 4% on Tuesday morning, hovering at roughly $19, just below a year-to-date high.

The positive metrics come on the heels of Strive unveiling what it called a "daily dividend company" strategy tied to its SATA preferred shares. Starting in mid-June, SATA will become the first U.S.-listed security to pay cash dividends every business day with an annual dividend rate of 13%.

At the same time, Strive disclosed it had fully repaid all outstanding debt and held "zero encumbered bitcoin."

Tuesday's filing also said Strive is "evaluating a near-term refresh" of its at-the-market offerings tied to ASST and SATA. While the wording is a bit vague, this likely means it could be looking to issue additional equity to raise capital for more bitcoin purchases.

CEO Matt Cole also highlighted several internal bitcoin performance metrics in a post on X, including a quarter-to-date BTC yield of 11% and a year-to-date BTC yield of 23.4%.