Key Highlights
- Strive revealed that it acquired 179 additional Bitcoins, bringing its total holdings to about 13,311 BTC.
- The company also used $50 million to purchase 500,000 shares of Strategy’s STRC.
- Strive narrowed the target trading range for SATA to $99–$101.
Asset manager Strive Inc. has expanded its treasury strategy with new purchases of Bitcoin and a $50 million investment in a preferred equity instrument linked to Strategy Inc.
According to an official announcement, the company disclosed that it acquired 179 additional Bitcoins, bringing its total holdings to about 13,311 BTC. Strive also used $50 million to purchase 500,000 shares of STRC, a variable-rate perpetual preferred stock issued by Strategy.
The moves form part of a broader effort by the firm to strengthen the balance sheet supporting its digital credit product known as SATA.
Changes to SATA dividend and pricing guidance
Strive said the dividend rate for SATA shares has been increased by 25 basis points to 12.75%.
A dividend of $1.0625 per SATA share has been declared for shareholders on record as of April 1, with payment scheduled for April 15.
The company also narrowed the target trading range for SATA to $99–$101, from a previous guidance range of $95–$105, and said it does not plan to issue additional SATA shares below $100 through at-the-market or follow-on offerings.
Treasury allocation includes STRC preferred stock
The purchase of STRC adds a new component to Strive’s treasury strategy. STRC, Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, is designed as a yield-generating instrument with variable returns. According to Strategy, several institutions have begun incorporating security into corporate treasury allocations.
Strategy CEO Phong Le commented on the development, stating, “Prevalon Energy, Anchorage Digital, and OranjeBTC have already added STRC to their corporate treasuries, and Strive is now the latest corporate to publicly announce doing so. Adoption continues to grow as more institutions recognize the role Digital Credit can play in modern treasury management.”
Reserves expanded to support dividend payments
Strive also updated its reserve policy for SATA. The company said its dividend reserve now covers 18 months of payments, consisting of 12 months in cash and cash equivalents plus six months in STRC holdings, based on current market prices.
As of March 9, Strive reported $143.4 million in cash and equivalents, though part of that balance was later used to purchase STRC shares.
When combined with the company’s Bitcoin reserves and STRC holdings, Strive said its assets currently cover more than 19 years of SATA interest obligations.
Part of broader digital credit strategy
Strive has framed these moves within its longer-term strategy around “digital credit,” which focuses on yield-generating financial instruments backed by crypto assets or related securities.
The company uses Bitcoin as a benchmark for capital allocation decisions and aims to increase the amount of Bitcoin backing each share over time.
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