TLDR
- Strive (ASST) deployed $50 million — representing over a third of its corporate cash reserves — into Strategy’s (MSTR) STRC perpetual preferred stock, which delivers an 11.5% yield
- The company expanded its Bitcoin position by acquiring 179 additional BTC, pushing total reserves to 13,311 BTC (approximately $930 million)
- Strive increased the dividend on its SATA preferred stock by 25 basis points, bringing it to 12.75%
- ASST shares gained 2.2% on Wednesday amid Bitcoin’s recovery above the $70,000 mark
- The stock has plummeted over 90% from its summer 2025 high and recently underwent a 1:20 reverse split
Strive (ASST) executed multiple strategic treasury actions on Wednesday, committing $50 million toward Strategy’s (MSTR) STRC Variable Rate Series A Perpetual Preferred Stock.
This $50 million allocation accounts for more than a third of Strive’s available corporate cash.
STRC provides an 11.5% yield at present. Strategy announced that the security achieved $409 million in daily trading volume on Tuesday — a new record — while 30-day volatility dropped to 3%, marking its lowest reading to date.
Strive CEO Matt Cole explained that the firm maintains USD reserves as a cushion for dividend obligations and operating expenses. Instead of parking capital in low-return money market vehicles, Cole indicated it was more advantageous to deploy funds into securities like STRC that deliver superior yields with consistent price stability.
Strategy CEO Phong Le revealed that several other institutions have incorporated STRC into their balance sheets, naming Prevalon Energy, Anchorage Digital, and OranjeBTC among them.
Bitcoin Position Expanded and Dividend Increased
In addition to the STRC acquisition, Strive purchased another 179 Bitcoin, elevating its total position to 13,311 BTC. Based on current market rates, this reserve is valued at approximately $930 million.
The company also lifted the dividend rate on its own perpetual preferred instrument, SATA, by 25 basis points to reach 12.75%. SATA shares climbed 1.4% during the session, though they continue trading under par at $96.22.
These strategic moves coincided with Bitcoin’s return above the $70,000 threshold on Wednesday, providing momentum to ASST shares, which advanced 2.2% in early market activity.
Strive maintains a healthy balance sheet with cash exceeding debt obligations, reflected in a current ratio of 11.97. The stock traded at $8.98 with a market capitalization of $566 million.
Challenging Performance Since Debut
Strive entered the market in 2025 as part of a wave of firms attempting to mirror the Bitcoin treasury model pioneered by Michael Saylor’s Strategy. The journey has been turbulent.
ASST has declined more than 90% from its summer 2025 zenith.
To maintain compliance with minimum price requirements, the company executed a 1:20 reverse stock split.
In recent quarters, Strive closed a $225 million preferred stock financing and utilized a portion to eliminate $110 million in debt stemming from its Semler Scientific acquisition. The outstanding $10 million balance is projected to be cleared by April 2026.
That acquisition positioned Strive as the 11th largest publicly-traded corporate Bitcoin holder worldwide at that juncture, with roughly 12,797 BTC.
B.Riley launched coverage on Strive with a Buy recommendation and established a $12.00 price objective.
Strive’s asset management division, Strive Asset Management LLC, oversees more than $2.5 billion in total assets.
The company’s board of directors authorized a cash dividend payment of $1.0208 per share for holders of its Variable Rate Series A Perpetual Preferred Stock.
ASST was priced at $8.98 at publication time, reflecting a 2.2% intraday increase.
