Strive buys Strategy’s STRC shares in circular $50M deal

The Nasdaq-listed bitcoin treasury company Strive has purchased $50 million worth of dividend-paying shares from its rival, Strategy, in a circular capital move that highlights the complex financial engineering within the crypto sector. The deal, announced on March 11, 2026, involves Strive buying Strategy‘s STRC instrument, which pays an 11.5% annualized yield.

However, this acquisition was funded by Strive’s own earlier capital raise. Consequently, in January, Strive raised roughly $118 million by selling its own SATA shares at $90 each—$10 below their $100 par value. SATA currently pays a 12.75% dividend, a rate far higher than junk bonds.

This creates a negative carry of 125 basis points for Strive, assuming STRC holds its $100 peg. Meanwhile, Strive framed the move as a strategic treasury allocation. CEO Vivek Ramaswamy stated, “Instead of holding idle cash… we believe it makes sense to allocate a portion of those reserves to instruments like STRC.”

Strategy CEO Phong Le also praised the deal for proving institutional adoption. Michael Saylor publicly thanked Strive for the purchase. Nevertheless, both companies’ common stocks have suffered significant declines year-to-date.

Strive’s ASST stock is down 37%, while Strategy’s MSTR is down 8%. Furthermore, STRC’s price stability has required seven consecutive dividend hikes to trade near its $100 target. Strive now counts its STRC holding as part of a dividend reserve meant to cover SATA’s $54 million annual obligation.

✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.

Previous Articles:

• CPI Rise In Line With Estimates, Analysts Say Markets Priced In
• AI Browsers Tricked Into Phishing Scams via “Blabbering”
• Mastercard Launches Crypto Program With Binance, Ripple
• Cardano Chief Urges Unity, Calls ADA a “Beacon of Hope”
• Oil Outpaces Bitcoin 36% vs 2.8% as Iran War Began