Strive Buys 1,109 BTC, Treasury Rises to 16,500 BTC

Strive acquired 1,109 bitcoin between May 19 and May 22, raising its treasury to 16,500 BTC, according to a May 26 filing. The company paid an average of $76,989 per bitcoin for the purchases. Strive trades under the ticker ASST and ranks seventh among publicly listed companies by bitcoin holdings.

The filing shows Strive held $93.3 million in cash and cash equivalents, up from $87.3 million reported earlier. The company also reported that the value of its holdings in Strategy Inc.’s STRC preferred stock exceeded $50 million.

Strive is reviewing a potential refresh of at-the-market programs tied to its Class A common stock and SATA preferred stock to provide more flexibility to issue shares and raise capital for future bitcoin purchases.

Strive plans daily cash distributions on its SATA preferred stock beginning June 16. The preferred carries a stated annual rate of 13%; with compounding across roughly 250 trading days, the effective annual yield is about 13.88%. The company presents SATA as an alternative to money market funds and other short-duration income products, noting daily payments can improve liquidity and reinvestment efficiency.

The company reported it has eliminated outstanding debt and removed leverage, margin exposure and encumbered bitcoin from its balance sheet.

ASST shares have risen about 133% over the past three months but remain below their 2025 high.

In the broader corporate bitcoin sector, Strategy repurchased $1.5 billion of convertible debt at about an 8% discount to reduce liabilities while preserving capacity for future capital actions.

Filings and disclosures show Strive aligning its equity strategy with bitcoin accumulation and adding capital tools and an income product intended to support further purchases and to provide a regular dividend option through the SATA preferred stock.