Strive (ASST) Augments Bitcoin Holdings to 16,500 BTC with 1,109-Unit Purchase

The company added 1,109 bitcoins to its balance sheet last week, raising its total holdings to 16,500 BTC and positioning Strive among the largest publicly traded corporate holders of the asset, as reported in a May 26 filing.

The acquisitions were completed between May 19 and May 22 at an average price of $76,989 per coin, placing Strive seventh among listed companies with bitcoin treasuries. This purchase reflects the firm’s strategy of linking equity growth to direct bitcoin exposure.

Cash and cash equivalents rose to $93.3 million from $87.3 million, while the value of its holdings in Strategy Inc.’s STRC preferred stock climbed beyond $50 million.

The company is evaluating a refresh of its at‑the‑market programs related to both Class A common stock and SATA preferred stock. An update would provide additional flexibility for share issuances and further bitcoin acquisitions.

Shares outstanding increased across both classes during the period, reflecting capital activity aligned with its treasury strategy.

ASST shares have surged 133 % over the last three months, outperforming peers in the bitcoin treasury sector, though they remain below the 2025 peak.

Strive’s SATA Daily Dividend

This year, Strive Asset Management launched its SATA preferred stock, the first U.S.‑listed security designed to pay daily cash dividends, aiming to reshape income investing.

Daily distributions began on June 16, maintaining a stated 13 % annual rate while effectively yielding about 13.88 % through frequent compounding across roughly 250 trading days.

The product targets investors desiring consistent cash flow, offering daily payouts instead of the traditional monthly cycle. This higher‑frequency model enhances reinvestment efficiency and liquidity, positioning SATA as a potential alternative to money‑market funds and other short‑duration income vehicles.

Simultaneously, Strive has overhauled its balance sheet, eliminating all outstanding debt and removing leverage, margin exposure, and encumbered bitcoin.

Earlier today, Strategy repurchased $1.5 billion of its convertible debt at an 8 % discount, reducing liabilities while signaling a more flexible approach to balance‑sheet management.

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