Strive Expands $BTC Bitcoin Holdings With $30M Purchase as SATA Dividends Go Daily$XRP
Strive Asset Management strengthened its bitcoin position after purchasing an additional 332 BTC worth $30.3 million at an average price of $79,348 per coin. The latest acquisition pushed the company’s total bitcoin holdings to 15,391 BTC, now valued at nearly $1.2 billion despite recent market volatility.
Under the leadership of CEO Matt Cole, the company continues expanding its crypto-focused treasury strategy through its high-yield SATA preferred stock program. The product has drawn comparisons to Strategy and its STRC offering led by Michael Saylor.
In a move designed to attract more income-focused investors, Strive announced that SATA dividend payments will shift from periodic payouts to daily distributions beginning in mid-June. The company believes the new structure could improve liquidity appeal and investor participation in its bitcoin-backed financial products.
Despite the aggressive expansion, ASST shares slipped 2.2% on Tuesday as bitcoin dropped toward the $76,500 level, reflecting broader weakness across the crypto market.
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