Try has expanded its Bitcoin place by 317 cash, taking complete holdings to about 13,628 BTC and coming into the highest 10 company holders, stated CEO Matt Cole in an announcement.
Try has acquired 317 BTC for $23 million at a mean value of ~$72,555 per bitcoin.
As of three/18/2026 we hodl 13,627.9 $BTC.$ASST $SATA pic.twitter.com/oiSJ9FTeeC
— Matt Cole (@ColeMacro) March 19, 2026
The corporate now ranks forward of Tesla and CleanSpark in Bitcoin holdings, although it’s not the primary time it has ranked among the many 10 largest holders.
The Bitcoin-focused treasury firm, based by Vivek Ramaswamy, on Thursday reported monetary outcomes for the fourth quarter of 2025, detailing how the agency accrued greater than 13,600 Bitcoin in roughly six months since going public.
The corporate accrued practically 5,900 Bitcoin by preliminary personal placement proceeds and a inventory change transaction, whereas 5,048 Bitcoin got here from its acquisition of Semler Scientific, a agency that had constructed a Bitcoin reserve. An extra 2,694 Bitcoin have been secured by capital markets exercise, together with most popular stock-linked choices.
Monetary construction and the SATA instrument
Matthew Cole, chairman and CEO, described the outcomes as validation of a company finance mannequin.
“Out of the quite a few successes Try had in our first six months as a public firm, a very powerful was cementing our basis as a structured finance firm laser-focused on digital credit score,” Cole stated. He pointed to the agency’s SATA perpetual most popular inventory product as a car designed to ship double-digit yields with diminished volatility.
SATA is a variable-rate perpetual most popular inventory that trades on Nasdaq below its personal ticker.
Try raised roughly $148 million in internet proceeds from an preliminary public providing of SATA shares in November 2025, priced two million shares at $80 every. A follow-on providing in late January introduced in one other $109 million, with shares priced at $90.
GAAP financials
Try recorded a internet lack of $393.6 million for the interval from its public itemizing by year-end, pushed overwhelmingly by non-cash gadgets. Roughly $194.5 million of that deficit got here from unrealized losses on Bitcoin because the asset’s value declined from its October peak of roughly $126,000 to round $72,000 by early 2026.
Goodwill and intangible asset impairments associated to the Semler acquisition added $140.8 million, and transaction prices contributed $12.4 million.
On an adjusted foundation that strips out non-recurring and non-cash expenses, the loss attributable to frequent shareholders narrowed to $208.2 million, or $4.73 per diluted share after accounting for a one-for-twenty reverse inventory break up executed in early February.
Administration emphasised a proprietary metric known as “Bitcoin Yield,” which measures the share change in Bitcoin per share over a given interval. By that measure, Try achieved a 22.2 p.c yield within the fourth quarter and 13.8 p.c quarter-to-date by mid-March, translating to what the corporate calls a “Bitcoin Acquire” of 1,305 cash in This autumn 2025 and 1,050 to this point in 2026.
Try started as an anti-ESG funding advisory in 2022. Its transformation right into a Bitcoin accumulation car displays a guess that the asset will proceed to draw institutional capital and that structured finance instruments can generate yield from what was as soon as thought-about a purely speculative holding.
