Strive Buys 1,109 Bitcoin as Treasury Rises to 16,500 BTC

Strive acquired 1,109 BTC between May 19 and May 22, raising total holdings to 16,500 BTC and placing the company seventh among publicly traded firms with bitcoin treasuries. The purchases averaged $76,989 per bitcoin. The company reported $93.3 million in cash and cash equivalents, up from $87.3 million, and an increase in the value of its holdings in Strategy Inc.’s STRC preferred stock to above $50 million. Strive’s equity strategy is closely tied to bitcoin accumulation, and investors have treated the stock as both a corporate security and a leveraged expression of bitcoin demand. Strive is reviewing at-the-market programs to increase flexibility for issuing shares and raising capital for future bitcoin purchases. ASST shares rose 133% over three months, and Strive plans to launch a SATA yield product starting June 16.

"The company, which trades under the ticker ASST, acquired 1,109 BTC between May 19 and May 22, according to a May 26 filing. The purchases came at an average price of $76,989 per bitcoin with the latest acquisition bringing Strive's total holdings to 16,500 BTC. That places the firm seventh among publicly traded companies with bitcoin treasuries."

"Strive's approach links its equity story closely to bitcoin accumulation. As a result, investors have treated the stock as both a corporate security and a leveraged expression of demand for the digital asset. The company also reported $93.3 million in cash and cash equivalents, up from $87.3 million. In addition, Strive said the value of its holdings in Strategy Inc.'s STRC preferred stock has risen above $50 million."

"To support further growth, Strive said it is reviewing a potential refresh of its at-the-market programs tied to Class A common stock and SATA preferred stock. Such programs would give the company more flexibility to issue shares and raise capital for future bitcoin purchases. The market has rewarded Strive's strategy, at least recently. ASST shares have climbed 133% over the past three months, outperforming other bitcoin treasury stocks."

"Strive is also preparing to launch a new income product through its SATA preferred stock. The security is designed to pay cash dividends every business day, a structure the company says is the first of its kind for a U. Strive plans new capital tools and a 13.88% SATA yield product starting June 16."

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