US-listed asset manager Strive (Nasdaq: ASST) has doubled down on its Bitcoin accumulation strategy. Chairman and CEO Matt Cole announced on X that the firm purchased an additional 1,109 BTC for approximately $85.4 million, at an average price of $76,988 per coin. Total holdings now stand at 16,500 BTC, with a year-to-date Bitcoin yield of 23.4%.
Holdings Snapshot: 16,500 BTC, 11% Quarterly Yield
According to data shared by Cole, Strive achieved a quarterly Bitcoin yield of 11.0% and an amplification ratio of 45.2%. The company uses Bitcoin as its hurdle rate for capital allocation, systematically leveraging structured financings to boost per-share BTC exposure. Compared to MicroStrategy, Strive is pursuing a more aggressive leverage play.
$SATA Perpetual Preferred: Double-Digit Yield 'Digital Credit'
Strive differs from pure-play Bitcoin buyers. Its subsidiary, Strive Asset Management, oversees over $2 billion in AUM and offers ETFs including the Strive 500 ETF. The firm lists two complementary securities in the US market: common stock $ASST, representing equity in its Bitcoin treasury and asset management engine; and perpetual preferred stock $SATA, which provides double-digit yields with monthly or daily dividends. Cole calls this innovation “Digital Credit,” blending stable high income with Bitcoin exposure.
By issuing $SATA and using structured financing, Strive aims to grow per-share Bitcoin holdings while outperforming Bitcoin's own price over the long run. With the stash crossing 16,500 BTC, the Wall Street newcomer is cementing its position among crypto corporate treasuries.