Strive (ASST) added 1,109 bitcoin to its balance sheet last week, lifting total holdings to 16,500 BTC and placing the company among the largest public company owners 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, putting Strive in seventh place among publicly traded companies with bitcoin holdings. The move continues a strategy that ties stock growth to direct exposure to bitcoin.
The company reported cash and cash equivalents of $93.3 million, up from $87.3 million. It also revealed an increase in the value of its holdings of Strategy Inc.’s STRC preferred stock, which now exceeds $50 million.
Strive said it is evaluating an update to its market programs linked to both Class A shares and SATA preferred stock. The update will give the company additional flexibility to issue shares and fund additional bitcoin purchases.
Shares outstanding increased across both classes during the period, reflecting capital activity linked to its treasury approach.
ASST stock is up 133% over the past three months, outperforming peers in the bitcoin tax sector. Stocks remain well below their 2025 peak.
Strives SATA daily yield
Earlier this year, Strive Asset Management moved to reshape income investing with the planned launch of its SATA preferred stock, introducing the first US-listed security designed to pay cash dividends every weekday.
Scheduled to begin daily distributions on June 16, the structure retains its stated 13% annual yield, but effectively raises the yield to about 13.88% through frequent compounding over about 250 trading days.
The product is aimed at investors seeking consistent cash flow and offers daily payouts instead of the traditional monthly cycle. This higher frequency model improves reinvestment efficiency and liquidity and positions SATA as a potential alternative to money market funds and other short-term income instruments.
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, reducing liabilities while signaling a more active, flexible approach to managing its balance sheet.