Overview
- Strive increased its corporate Bitcoin holdings to 15,391 BTC after buying roughly 382 BTC in mid‑May, placing the firm among the largest publicly reported corporate holders.
- The company disclosed sales tied to its SATA preferred stock program, including about 5.24 million shares, and said the program’s daily dividend payments are being used to fund further Bitcoin buys.
- A filing reported that State Street purchased nearly 1 million ASST shares for roughly $17.7 million, a roughly 770% increase in its exposure to Strive, and other large investors such as Vanguard hold positions in the stock.
- Regulatory disclosures show Strive held about $87.3 million in cash and nearly $49.8 million of Strategy’s Variable Rate Series A preferred stock and that the company has issued roughly 63.66 million Class A and 9.87 million Class B shares.
- Analysts raised ASST price targets after the disclosures, but market participants are watching whether continued preferred‑share issuance and dividend‑style payouts remain sustainable if Bitcoin prices or funding conditions change.