TLDR
- Strive (ASST) deployed $50 million — representing over one-third of its corporate cash reserves — into Strategy’s (MSTR) STRC perpetual preferred stock, which delivers an 11.5% yield
- The company acquired 179 additional Bitcoin, pushing total reserves to 13,311 BTC (approximately $930 million)
- Strive increased the dividend on its SATA preferred stock by 25 basis points to reach 12.75%
- ASST shares gained 2.2% Wednesday as Bitcoin recovered above the $70,000 level
- ASST has declined over 90% from its summer 2025 high and recently executed a 1:20 reverse stock split
Strive (ASST) executed multiple treasury operations Wednesday, deploying $50 million into Strategy’s (MSTR) STRC Variable Rate Series A Perpetual Preferred Stock.
This $50 million deployment accounts for over one-third of Strive’s total corporate cash position.
STRC delivers an 11.5% yield currently. Strategy announced the instrument reached $409 million in daily trading volume Tuesday — a record high — while 30-day volatility dropped to 3%, marking its lowest level ever recorded.
Strive CEO Matt Cole explained the company maintains USD cash reserves as cushion for dividend payments and operating expenses. Instead of parking that capital in low-yielding money market funds, Cole indicated it was strategic to deploy into instruments like STRC offering superior yields with consistent pricing dynamics.
Strategy CEO Phong Le verified that additional institutions have incorporated STRC into their treasuries, including Prevalon Energy, Anchorage Digital, and OranjeBTC.
Additional Bitcoin Accumulation and Enhanced Dividend
Alongside the STRC deployment, Strive acquired 179 more Bitcoin, elevating total reserves to 13,311 BTC. Based on current valuations, this position represents approximately $930 million.
Strive simultaneously boosted the dividend on its perpetual preferred security, SATA, by 25 basis points to reach 12.75%. SATA advanced 1.4% during the session, though continues trading below par at $96.22.
These actions coincide with Bitcoin recovering above $70,000 Wednesday, providing momentum to ASST, which advanced 2.2% in early market activity.
Strive’s financial position reveals greater cash holdings than outstanding debt, reflected in a current ratio of 11.97. The equity was changing hands at $8.98 with a market capitalization of $566 million.
Challenging Performance Since Debut
Strive debuted in 2025 among numerous firms attempting to mirror the Bitcoin treasury approach popularized by Michael Saylor’s Strategy. Results have been disappointing.
ASST has plunged more than 90% from its summer 2025 peak.
Management executed a 1:20 reverse stock split to maintain the share price above $1.
In recent months, Strive finalized a $225 million preferred stock offering and deployed a portion of those funds to eliminate $110 million in debt from its Semler Scientific acquisition. The outstanding $10 million debt balance is scheduled for settlement by April 2026.
That acquisition positioned Strive as the 11th largest publicly-traded corporate Bitcoin holder worldwide at that time, with roughly 12,797 BTC.
B.Riley launched coverage on Strive with a Buy recommendation and $12.00 price objective.
Strive’s subsidiary, Strive Asset Management LLC, oversees more than $2.5 billion in managed assets.
The Strive board approved a cash dividend of $1.0208 per share on its Variable Rate Series A Perpetual Preferred Stock.
ASST was quoted at $8.98 at publication time, advancing 2.2% for the session.
