Roughed-up bitcoin treasury company Strive (ASST) announced a number of balance sheet moves on Wednesday.
The company purchased an additional 179 bitcoin, bringing total holdings to 13,311 BTC, worth about $930 million at current prices.
Strive also lifted the dividend on its perpetual preferred security SATA by 25 basis points to 12.75%. SATA was ahead 1.4%, but still trading well below par at $96.22.
The company also announced the purchase $50 million of Strategy’s (MSTR) perpetual preferred stock, STRC, which currently yields 11.5%.
Among a large group of companies quickly formed in 2025 to try and mimic 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 share price above $1.
ASST was higher by 2.2% early Wednesday as bitcoin re-took the $70,000 level.
Source: https://www.coindesk.com/markets/2026/03/11/strategy-s-strc-preferred-series-gets-usd50-million-investment-from-fellow-btc-treasury-company-strive
