Strive (ASST) Buys 1,109 Bitcoin, Lifts Holdings to 16,500 BTC

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Strive (ASST) added 1,109 bitcoin to its balance sheet last week, lifting total holdings to 16,500 BTC and placing the firm among the largest public corporate holders of the asset, according to a May 26 filing. The purchases took place between May 19 and May 22 at an average price of $76,989 per coin, bringing Strive to seventh place among listed companies with bitcoin treasuries. The move continues a strategy that ties equity growth to direct exposure to bitcoin. The company reported cash and cash equivalents of $93.3 million, up from $87.3 million. It also disclosed a rise in the value of its holdings of Strategy Inc.’s STRC preferred stock, which now exceed $50 million. Strive said it is assessing a refresh of its at-the-market programs tied to both Class A common stock and SATA preferred stock. The update would give the firm added flexibility to issue shares and fund further bitcoin purchases. Shares outstanding increased across both classes during the period, reflecting capital activity tied to its treasury approach. ASST stock has gained 133% over the past three months, outpacing peers in the bitcoin treasury sector. The shares remain far below their 2025 peak. Strive’s SATA daily dividend Earlier this year, Strive Asset Management moved to reshape income investing with the planned launch of its SATA preferred stock, introducing the first U.S.-listed security designed to pay cash dividends every business day. Scheduled to begin daily distributions on June 16, the structure keeps its stated 13% annual rate but effectively lifts yield to about 13.88% through frequent compounding across roughly 250 trading days. The product is aimed at investors seeking consistent cash flow, offering daily payouts instead of the traditional monthly cycle. This higher-frequency model improves reinvestment efficiency and liquidity, positioning SATA as a potential alternative to money market funds and other short-duration income vehicles. At the same time, Strive has overhauled its balance sheet, eliminating all outstanding debt and removing leverage, margin exposure, and encumbered bitcoin. Earlier today, popular bitcoin hoarder Strategy repurchased $1.5 billion of its convertible debt at an 8% discount, cutting liabilities while signaling a more active, flexible approach to managing its balance sheet.

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