Strive continues its aggressive Bitcoin accumulation strategy, purchasing $109 million in BTC last week while pushing its preferred stock issuance toward a $1 billion milestone.
Strive's consistent and aggressive accumulation of Bitcoin, totaling 24,531 BTC, serves as a significant institutional demand driver. By utilizing a unique funding model involving preferred stock to purchase Bitcoin, the firm creates sustained buying pressure that supports the asset's market valuation.
Strive holds 24,531 BTC as of the latest report.
Strive is currently the fifth largest corporate Bitcoin treasury in the world.
ASST's aggressive strategy of funding Bitcoin acquisitions through SATA preferred stock creates a high-stakes financial structure that links the company's equity performance directly to Bitcoin's price volatility. While the firm's rapid growth and dividend incentives have attracted interest, the reliance on this specific capital structure poses risks if Bitcoin prices decline, as seen in previous net losses and share price drawdowns.
SATA is Strive's Variable Rate Series A Perpetual Preferred Stock that pays a fixed 13% annual dividend.
Strive uses a rotating mix of common stock issuance and the sale of SATA preferred stock to fund its Bitcoin acquisitions.
Mentioned as a comparison for Bitcoin treasury strategy, but no direct impact from Strive's purchase.
Strive has expanded its Bitcoin treasury by 1,375 BTC, bringing its total holdings to 24,531 coins valued at approximately $1.9 billion. The firm is aggressively scaling its holdings using a preferred stock strategy, with its SATA issuance nearing a $1 billion notional value milestone as it seeks to compete with larger corporate holders.
Strive funds its acquisitions primarily through the sale of Variable Rate Series A Perpetual Preferred Stock (SATA), which pays a 13% annual dividend, alongside common stock offerings.
The strategy relies on the stability of the preferred stock price; if Bitcoin prices drop significantly, the company may struggle to cover dividend payments, potentially forcing the sale of Bitcoin holdings.