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Digital asset treasury funding: $4.62B, Strategy made 5 of 10

By NAUT Research · · 7 min read

$4.62B DAT funding raised in 10 post-IPO raises at 5 public digital asset treasury companies in 2026. Logos: Strategy, Strive, HIVE Digital Technologies, Forward Industries, Solana Company (prev. Helius Medical Technologies).

NAUT tracks 10 digital asset treasury funding rounds typed post-IPO or post-IPO debt since 1 January 2026, at 5 public companies that hold crypto on their balance sheet, and the 10 together raised $4.62B. Strategy made 5 of those 10 raises for $3.61B of the total, 78.2% of it, and the other 4 companies (Strive, HIVE Digital Technologies, Forward Industries and Solana Company) account for the remaining $1.01B.

Data note

NAUT's own investment records for DAT funding, read on 10 November 2026. Scope: every Post-ipo or Post-ipo Debt round in NAUT's database with an announce date on or after 1 January 2026 at a company NAUT holds as a public digital asset treasury business. That is 10 rounds at 5 companies, 9 of them equity-typed post-IPO rounds and 1 post-IPO debt facility.

6 of the 10 raises were put to a company filing or release: 4 came back confirmed, and 2 (Strive's $630.0M preferred stock IPO and Solana Company's $15.0M offering) did not, so their rows below print NAUT's recorded date with the check marked unconfirmed. The other 4 rows, all Strategy, were not source-checked for this article, so they are NAUT's record alone. 5 Strategy rows carry a feed-level source link rather than a per-round URL, which is why this article cites company releases where NAUT could read one and names NAUT's record where it could not.

Team names come from the 5 companies' own NAUT pages, read the same day. NAUT holds 15 team records across the 5 companies; this article names the 12 that have a live NAUT page and a clean stored name. Written by NAUT Research.

Which digital asset treasury funding rounds closed in 2026, and how big?

The 10 rounds run from 13 July to 27 October 2026, and 9 of them are equity-typed post-IPO rounds; the HIVE Digital Technologies row is the 1 post-IPO debt facility. Sorted by date on NAUT's record, newest last, every date in 2026:

Company Amount Date Source check
$466.7M 13 Jul NAUT record only
$263.5M 20 Jul NAUT record only
$544.5M 27 Jul NAUT record only
$333.7M 17 Aug NAUT record only
$2.00B 24 Aug Confirmed
$25.0M 23 Sep Confirmed
$15.0M 1 Oct Date unconfirmed
$208.0M 13 Oct Confirmed
$630.0M 20 Oct Date unconfirmed
$129.0M 27 Oct Confirmed

No backer is named on NAUT's record for any of the 10 rounds. For the 4 rounds whose own release NAUT read, the instruments are an at-the-market equity sale, a registered direct offering to an institutional investor NAUT's source does not name, a warrant exercise by existing holders, and a loan. The firm named on the Forward Industries release is A.G.P./Alliance Global Partners, "acting as sole placement agent for the offering", an intermediary rather than the investor. Post-IPO treasury capital reaches these companies through brokers, lenders and the public market, so a venture fund list is the wrong tool for finding who is on the other side of these deals.

How much digital asset treasury funding did each company raise?

Raised in 2026, by company, 10 post-IPO raises
  1. Strategy$3608.4M
  2. Strive$838M
  3. HIVE Digital Technologies$129M
  4. Forward Industries$25M
  5. Solana Company$15M

Strategy's $3.61B across 5 raises is 3.6 times the $1.01B the other 4 companies raised between them, and its 24 August round alone ($2.00B) is larger than every other company's 2026 total combined.

Who runs each company, and who backed it?

One block per company, with the amounts NAUT holds and the people on its NAUT page.

. 5 post-IPO raises, $3.61B. Its 24 August raise of about $2.00B is confirmed by a report dated 25 August 2026 describing an at-the-market equity offering of 18,200,000 shares. NAUT lists as Founder, as Corporate Treasurer and Head of Investor Relations, and and on the board. For anyone selling treasury, custody or trading services, the treasurer row is the one to work.

. 2 post-IPO raises, $838.0M, the largest 2026 total after Strategy. NAUT's record dates a $208.0M raise to 13 October 2026, and an SEC exhibit filed that day states that "Strive purchased 3,311 bitcoin at an average price of approximately $84,500 per bitcoin". NAUT's second row is a $630.0M upsized IPO of perpetual preferred stock, dated 20 October 2026 on NAUT's record; the source check did not confirm that date, so treat the date as NAUT's own. NAUT holds 1 team record for Strive, its Chairman and CEO, with no live page yet, so this article names no Strive contact.

. 1 post-IPO debt facility, $129.0M, dated 27 October 2026. The company's own release says its "BUZZ Alpha Cloud entered into Loan and Security Agreement" for a fixed-rate credit facility of about $129.0M, at a 9.0% fixed rate and about 80% loan-to-cost on a GPU cluster for a 3-year Cohere contract. NAUT lists as Founder; a 2022 release says he "previously founded and served as the President of HIVE Blockchain Technologies (NASDAQ: HIVE), the first publicly traded crypto miner". This is the 1 raise of the 10 that funds compute rather than coin.

. 1 post-IPO raise, $25.0M, dated 23 September 2026 and confirmed by the company's own release: a registered direct offering of "3,125,000 shares of the Company's common stock at a price of $8.00 per share". NAUT lists as Chief Legal Officer, as CFO and as Chief Investment Officer. 2 further Forward Industries team rows hold mangled names in NAUT's database, so they are left out here and queued for a fix.

(prev. Helius Medical Technologies). 1 post-IPO raise, $15.0M, the smallest of the 10, dated 1 October 2026 on NAUT's record with the date unconfirmed by the source check. An SEC filing names as "President and Chief Executive Officer"; NAUT also holds as CFO, as Chairman and as a board member.

Anyone listed can ask NAUT to remove their page at https://naut.so/legal/data-deletion.

What this tells a BD team selling to treasury companies

  • The buying power sits in 2 accounts. Strategy ($3.61B) and Strive ($838.0M) are 96.4% of the $4.62B, so a 2-account plan beats a 5-account plan.
  • The titles that matter here are treasurer, CFO and chief investment officer, not growth or marketing. 4 of the 12 people named above hold a finance or treasury title.
  • A $129.0M debt facility for GPUs says HIVE Digital Technologies buys infrastructure, so an AI or data-centre pitch lands there and nowhere else on this list.
How a BD team can work these 5 accounts
  1. Start with the 2 that raised mostStrategy raised $3.61B across 5 rounds and Strive $838.0M across 2, so 96.4% of the money is in 2 accounts.
  2. Go to the money seatShirish Jajodia is Corporate Treasurer at Strategy; Kathleen Weisberg is CFO at Forward Industries.
  3. Match the pitch to the instrumentHIVE Digital Technologies borrowed $129.0M for GPUs, so compute and power vendors go there; the rest raised equity for coin.
  4. Pull the channelsEach person's NAUT page says which verified channels NAUT holds, and a paid plan opens them.

What this tells a founder raising post-IPO funding

  • Public treasury companies raise in the open market, in short bursts. Strategy made 3 raises inside 15 days in July 2026 ($466.7M, $263.5M, $544.5M).
  • Warrants and preferred stock are doing real work here. Strive's $208.0M came from existing holders exercising warrants, and its $630.0M was perpetual preferred.
  • Debt is available against hard assets. HIVE Digital Technologies raised $129.0M at a 9.0% fixed rate against about 80% of a GPU cluster's cost.
How a founder can read these 10 raises
  1. Pick the instrument, then the size9 of the 10 raises are equity; the 1 debt raise, $129.0M at HIVE Digital Technologies, was secured on GPUs.
  2. Copy the cadence, not the headlineStrategy's 5 raises ran 13 July to 24 August 2026, the largest $2.00B, so size follows frequency.
  3. Find who sat across the tableNAUT's record names no backer on any of the 10 rounds, so work the officer lists on each company page instead.

How to reach the decision makers

Every company and person above has a NAUT page, and each person page says which verified channels NAUT has on file. The 12 named people sit across 4 of the 5 companies; Strive's 1 team record has no live page yet, so start there through the company page. Search by title rather than by name when you want the same seat at several companies: a query for the treasurer and CFO titles returns the finance seats at all 5 companies in 1 pull.

Related reading on NAUT: Digital asset treasury companies: 14 firms, 7 on bitcoin and Crypto funding statistics 2026: 327 rounds, $11.45B, 30 numbers.

Can you pull this data through the NAUT API?

Yes. GET https://api.naut.so/v1/projects/strategy returns the company and its team, the rows behind Strategy's block above, and GET https://api.naut.so/v1/people?q=Corporate Treasurer returns the finance seats across NAUT's companies; each data call costs 5 credits, documented at https://naut.so/docs/api, with plans from $49 a month for 3,000 credits at https://naut.so/pricing. Add ?include=private to a person call to reveal that person's channels, 10 credits the first time and 5 after that. Verified Telegram, email and LinkedIn unlock on any paid NAUT plan, so start a 7-day trial to open them.

Digital asset treasury funding FAQ

How much did digital asset treasury companies raise in 2026?

NAUT's data shows 10 post-IPO and post-IPO debt raises worth $4.62B at 5 public digital asset treasury companies between 13 July and 27 October 2026, read on 10 November 2026. Strategy made 5 of the 10 for $3.61B, Strive 2 for $838.0M, and HIVE Digital Technologies, Forward Industries and Solana Company 1 each for $129.0M, $25.0M and $15.0M.

Which company raised the most bitcoin treasury company funding, and how?

Strategy, with $3.61B across 5 raises between 13 July and 24 August 2026. Its largest single raise, about $2.00B dated 24 August 2026, was an at-the-market equity offering of 18,200,000 shares.

Who are the people to contact at these 5 companies, and where does NAUT list them?

NAUT holds 15 team records across the 5 companies, and this article names the 12 with a live NAUT page: Michael Saylor, Shirish Jajodia, Brian Brooks and Peter Briger at Strategy, Georgia Quinn, Kathleen Weisberg and Ryan Navi at Forward Industries, Dane C. Andreeff, Jeffrey S. Mathiesen, Joseph Chee and Cosmo Jiang at Solana Company, and Olivier Roussy Newton at HIVE Digital Technologies. Each person page lists their role and which verified channels NAUT holds, or pull them with GET https://api.naut.so/v1/projects/<slug>; verified Telegram, email and LinkedIn unlock on any paid NAUT plan, so start a 7-day trial to open them.

Which investors backed these 10 rounds?

NAUT's record names no backer on any of the 10 rounds, and the 4 releases NAUT read describe an at-the-market equity sale, a registered direct offering to an unnamed institutional investor, a warrant exercise by existing holders, and a loan. The Forward Industries release names A.G.P./Alliance Global Partners as sole placement agent, which is the bank running the offering, not the investor behind it. A missing backer here means NAUT holds none for that round, not that nobody was involved.

Was every raise checked against a company source?

No. 6 of the 10 had their amount and date put to a filing or company release, 4 of those 6 came back confirmed, and 2 came back with the date unconfirmed. The remaining 4 rows, all Strategy raises in July and August 2026, are NAUT's record alone.

Sources

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