Battered Bitcoin treasury company Strive (ASST) announced a number of balance sheet moves on Wednesday.
The company purchased an additional 179 bitcoins, bringing the total holdings to 13,311 BTC, worth approximately $930 million at current prices.
Strive also increased the dividend on its SATA perpetual preferred stock by 25 basis points to 12.75%. SATA was ahead by 1.4%, but still traded well below par at $96.22.
The company also announced the purchase of $50 million of Strategy’s (MSTR) perpetual preferred stock, STRC, which currently yields 11.5%.
Among a large group of companies quickly forming in 2025 to try to emulate the success of Michael Saylor’s strategy, Strive has struggled, losing more than 90% of its value since its summer 2025 peak and recently having to undertake a 1:20 reverse stock split to keep its stock price above $1.
ASST was up 2.2% early Wednesday as bitcoin reclaimed the $70,000 level.
