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Strategy’s STRC favored series secures $50 million funding from associated BTC treasury firm Strive.
Strive has also increased its bitcoin reserves and raised the dividend on its SATA preferred stock.
Key information:
- Strive acquired an additional 179 bitcoin, raising its total holdings to 13,311 Bitcoin.
- The firm also increased the dividend on its SATA preferred stock to 12.75% and invested $50 million in Strategy’s STRC, which offers an 11.5% yield.
- ASST experienced a slight increase on Wednesday in line with a small rise in bitcoin prices.
Strive (ASST), a company with a bitcoin treasury, disclosed several financial adjustments on Wednesday.
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The company bought an extra 179 bitcoin, elevating its total holdings to 13,311 BTC, valued at approximately $930 million based on current rates.
Strive also raised the dividend on its perpetual preferred security SATA by 25 basis points to 12.75%. SATA saw a 1.4% increase but continues to trade below par at $96.22.
Additionally, the company revealed the acquisition of $50 million of Strategy’s (MSTR) perpetual preferred stock, STRC, which currently yields 11.5%.
Amid a substantial number of companies rapidly established in 2025 to replicate the success of Michael Saylor’s Strategy, Strive has faced challenges, with its value declining by over 90% since its peak in summer 2025 and recently needing to execute a 1:20 reverse stock split to maintain its share price above $1.
ASST rose 2.2% in early Wednesday trading as bitcoin regained the $70,000 mark.
