Rough bitcoin tax company Strive (ASST) announced a series of balance sheet moves on Wednesday.
The company bought another 179 bitcoin, bringing the total holdings to 13,311 BTC, worth about $930 million at current prices.
Strive also raised the yield on its perennial favorite security SATA by 25 basis points to 12.75%. SATA was ahead 1.4% but still traded well below par at $96.22.
The company also announced the $50 million purchase 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 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 do a 1:20 reverse stock split to keep its share price above $1.
ASST was higher by 2.2% early Wednesday as bitcoin retook the $70,000 level.
