- Strive purchased 382 Bitcoin for roughly $30 million last week, increasing its total holdings to 15,391 BTC valued at approximately $1.1 billion.
- The Vivek Ramaswamy-backed firm built its billion-dollar Bitcoin treasury in under a year after a merger and strategic acquisitions.
- The company announced a shift to daily cash dividend payments for its SATA preferred stock, maintaining a 13% annual payout rate.
- Despite the treasury expansion, ASST shares fell over 3% in morning trading, while Bitcoin’s price struggled to hold above $77,000.
In a significant move underscoring corporate confidence in digital assets, Strive bolstered its balance sheet by adding 382 Bitcoin last week. This purchase, detailed in an official filing with the SEC, brings the company’s total holdings to 15,391 BTC worth around $1.1 billion. The firm spent approximately $30 million at an average price of $79,348 per Bitcoin.
Consequently, Strive has built a Bitcoin treasury exceeding $1 billion in less than a year. This rapid accumulation followed its merger with Asset Entities and the subsequent acquisition of Semler Scientific, which contributed thousands of BTC to its reserves. The company also holds nearly $50 million in MicroStrategy preferred stock alongside substantial cash.
However, shares of the Vivek Ramaswamy-chaired company fell over 3% in morning trade amid broader market weakness. Retail sentiment around ASST stock remained “bullish” despite the dip, according to market chatter data. Meanwhile, Bitcoin’s price edged 0.1% lower to around $76,200, with retail sentiment trending “bearish.”
Separately, Strive announced plans to begin daily cash dividend payments for its SATA preferred stock starting June 16. This shift increases payment frequency while maintaining the 13% annual payout rate. The company’s strategy continues to generate mixed reactions among retail traders regarding long-term shareholder value.
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