Strive Asset Management added 1,109 Bitcoin to its corporate treasury this month, bringing its total holdings to 16,500 BTC as of May 22. That stash, worth roughly $1.3 billion at current prices, puts the firm seventh among publicly traded companies that hold the cryptocurrency. The purchase comes as Strive leans on its STRC exchange-traded product and a new preferred share series to fund the buys.
How Strive is funding its Bitcoin buys
The company’s SATA preferred shares carry a 13% annualized dividend rate and are set to start paying out every business day starting in June. That product has a market cap around $332 million — a fraction of Strategy's STRC product, which tops $10 billion. But Strive isn't ignoring STRC: the firm reported $50.1 million in STRC holdings on its books. Earlier this month, STRC set a single-day trading volume record of $1.53 billion, signaling strong demand for the instrument. Strategy chairman Michael Saylor has said STRC is the main vehicle for funding Bitcoin purchases in 2026, and Strive appears to be taking a page from that playbook.
A closer look at the balance sheet
Strive also used the period to clear all its outstanding debt. The company ended with $93 million in cash on hand. To raise capital, it issued over 2 million new Class A shares and 515,000 SATA preferred shares. That's a lot of dilution, but the firm seems to be betting that the Bitcoin it buys with the proceeds will appreciate faster than the cost of those shares. The timing isn't great for everyone — preferred shareholders are staring at a 13% dividend that starts paying daily next month, which could pressure cash flow if Bitcoin prices stumble.
Strive's next big test comes when shareholders vote on a proposal to shift STRC dividend payments from monthly to twice a month. No date for that vote has been set yet, but it's on the agenda. The firm, founded by former presidential candidate and current Ohio gubernatorial candidate Vivek Ramaswamy, is still small compared to Strategy, but it's growing fast. Whether the daily dividend on SATA and the proposed STRC change attract more retail money — or scare off yield-hungry investors — remains an open question.
