Strive Increases Bitcoin Holdings and Preferred Stock Investment
- Strive purchased an additional 179 bitcoin, raising total holdings to 13,311 BTC valued at approximately $930 million.
- The dividend on its perpetual preferred security SATA was increased by 25 basis points to reach a yield of 12.75%.
- SATA shares were up by 1.4%, trading at $96.22, below par value.
- Strive announced a $50 million investment in Strategy’s (MSTR) perpetual preferred stock, STRC, which yields currently at 11.5%.
- The company has faced significant challenges, losing over 90% of its value since mid-2025 and implementing a reverse stock split to maintain share price above $1.
- ASST shares rose by approximately 2.2% as bitcoin surpassed the $70,000 mark again.
Strive’s recent moves reflect efforts to stabilize its financial position amid significant market challenges, including a drastic decline in stock value since summer of last year.
With total bitcoin holdings now at over $930 million, Strive aims to enhance its balance sheet while navigating a competitive landscape for treasury companies.(Source)
