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- Strive Inc. bought 179 BTC, raising its holdings to 13,311 BTC and strengthening support for its SATA digital credit product.
- The company invested $50M in 500,000 STRC preferred shares, expanding its treasury with a yield-focused credit instrument.
- Strive increased the SATA dividend to 12.75% and announced a $1.0625 payout on April 15, backed by 18 months of reserves.
Strive Inc. broadened its treasury strategy with new acquisitions of Bitcoin and preferred equity tied to Strategy Inc. According to a report, the company reported additional digital reserves and a fresh allocation toward STRC preferred shares. These actions support the balance sheet backing its SATA product.
Strive confirmed the purchase of 179 Bitcoins. The new acquisition increased its total holdings to about 13,311 BTC. The company also deployed $50 million to buy 500,000 shares of STRC. Strategy issued the variable-rate perpetual preferred stock.
Strive Reinforces SATA Stability Framework
The company said the combined moves reinforce the foundation behind SATA. SATA serves as Strive’s digital credit product. It is supported by crypto-linked assets and related securities. The firm stated the treasury additions strengthen long-term stability.
Strive announced changes to SATA dividend guidance. The dividend rate rose by 25 basis points to 12.75%. A dividend of $1.0625 per SATA share will be paid on April 15. Shareholders recorded on April 1 will receive the distribution.
The company adjusted its pricing guidance for SATA. The target range tightened to $99–$101. The previous range was $95–$105. Strive also said it will not issue new SATA shares below $100 in at-the-market or follow-on offerings.
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The STRC purchase marked a new component in Strive’s treasury allocation. STRC is designed as a variable-rate preferred instrument. Strategy stated that several institutions now use the security in corporate treasury plans. The instrument provides yield-oriented exposure.
Rising STRC Adoption and Enhanced SATA Coverage
Strategy CEO Phong Le also commented on this trend of adoption. He stated that Prevalon Energy, Anchorage Digital, and OranjeBTC had already added STRC to their treasury lists. Strive had become the newest corporate participant. He also stated that there is a growing interest in digital credit products.
Strive updated its reserve policy for SATA payments. Now, the dividend reserve is for 18 months of distributions. Twelve months of dividend payments are in cash and equivalents. Six months are held in STRC at current market values.
The company had reported having cash and equivalents of $143.4 million as of March 9. Some of these funds were later used to buy shares of STRC. Strive said its assets in Bitcoin, cash, and STRC assets collectively cover more than 19 years of its interest obligations to SATA.
Strive placed all these actions in the context of its overall digital credit strategy. They use Bitcoin as a benchmark for their allocation plan. They aim at increasing the amount of Bitcoin backing each SATA share.
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