Try, Inc., the company treasury agency based by Vivek Ramaswamy, reported that it amassed 13,628 bitcoin as of March 17, 2026, putting the corporate among the many prime 10 company holders globally.
The buildup got here within the roughly six months following Try’s September 2025 public itemizing, at the same time as the corporate posted a GAAP web lack of $393.6 million for the interval ending December 31, 2025.
The majority of Try’s bitcoin holdings got here from a number of sources. Preliminary non-public funding proceeds and inventory change exercise contributed 5,886 bitcoin, whereas the acquisition of Semler Scientific, Inc. added roughly 5,048 bitcoin, the corporate stated.
Semler Scientific had constructed its personal digital asset reserve previous to the acquisition. A further 2,694 bitcoin got here from capital markets exercise, together with public choices of Try’s Variable Fee Sequence A Perpetual Most popular Inventory (“SATA”), follow-on choices, and at-the-market issuances.
Try’s losses
Try’s monetary statements highlighted the stress between aggressive asset accumulation and market volatility. The agency’s GAAP web loss largely stemmed from non-cash gadgets. Unrealized losses on bitcoin holdings accounted for $194.5 million, or practically 50 % of the entire GAAP deficit.
Impairment of goodwill and intangible property tied to the Semler acquisition added $140.8 million, and transaction-related bills contributed $12.4 million. Adjusted for this stuff, the corporate’s non-GAAP loss attributable to widespread shareholders narrowed to $208.2 million, or $4.73 per diluted share.
Administration launched a proprietary metric, “Bitcoin Yield,” to measure the efficiency of its digital asset portfolio. By that measure, Try reported a 22.2 % yield in This autumn 2025 and 13.8 % quarter-to-date by mid-March 2026, equating to bitcoin positive aspects of 1,305 and 1,050 cash, respectively. In greenback phrases, these positive aspects translated to $114.3 million and $78.2 million over the identical durations.
The corporate financed its bitcoin technique largely by structured finance merchandise. Try raised $148.4 million in web proceeds from its preliminary SATA most popular inventory providing in November 2025, priced at $80 per share.
A follow-on providing in January 2026 generated $109.2 million at $90 per share. Proceeds had been used to retire a $20 million mortgage from Coinbase Credit score Inc., assumed as a part of the Semler acquisition, and to change most popular shares for $90 million of Semler’s convertible debt.
Try’s acquisition of Semler Scientific additionally included an working enterprise now held underneath a wholly-owned subsidiary, Clinivanta, targeted on preventative healthcare.
The corporate appointed Michelle Fox, previously Chief Medical Officer of Teleflex, as CEO of Clinivanta in February 2026, signaling an intent to develop the enterprise alongside its major concentrate on bitcoin accumulation.
Chairman and CEO Matthew Cole framed the outcomes as a validation of Try’s structured finance strategy. “Crucial success in our first six months as a public firm was cementing our basis as a structured finance firm laser-focused on digital credit score,”
Cole stated. He emphasised that the SATA instrument gives a liquid, scalable answer for traders searching for double-digit yield with minimal volatility, aligning with Try’s technique of balancing bitcoin accumulation with broader monetary operations.
As of March 17, 2026, Try held $83.7 million in money and $50.4 million in truthful worth of STRC most popular inventory.