Key Takeaways
Strive bought 1,109 BTC, lifting holdings to 16,500 bitcoin and 7th among publicly listed companies holding BTC.ASST shares surged 133% in 3 months as Strive expanded its bitcoin treasury model.Strive plans new capital tools and a 13.88% SATA yield product starting June 16.
ASST Climbs 133% as Strive Expands Bitcoin Treasury With $85M Addition
Strive has added over 1,000 bitcoin to its balance sheet, extending a treasury strategy that has helped fuel a sharp rally in its shares. 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. Even so, the stock remains well below its 2025 high.
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.S.-listed security.
Daily distributions are scheduled to begin on June 16. The preferred stock carries a stated annual rate of 13%, but frequent compounding across roughly 250 trading days raises the effective yield to about 13.88%.
The product is aimed at investors seeking steady cash flow. By paying daily rather than monthly, Strive says SATA will improve liquidity and reinvestment efficiency. It is positioning the security as an alternative to money market funds and other short-duration income products.
The company has also moved to simplify its balance sheet. Strive said it has eliminated outstanding debt and removed leverage, margin exposure, and encumbered bitcoin.
The moves come as bitcoin treasury companies take a more active approach to funding and balance sheet management. Strategy, the largest corporate bitcoin holder, recently repurchased $1.5 billion of convertible debt at an 8% discount, reducing liabilities while preserving room for future capital moves.
