Ailing bitcoin treasury company Strive (ASST) announced a series of moves to its balance sheet on Wednesday.
The company purchased an additional 179 bitcoins, bringing total holdings to 13,311 BTC, worth around $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 1.4%, but still trading well below average 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 that quickly formed 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 peak in the summer of 2025 and recently having to undertake a 1:20 reverse stock split to keep its share price above $1.
The ASST rose 2.2% early Wednesday as bitcoin hit the $70,000 level again.
