Strive expands Bitcoin treasury by 1,109 BTC amid digital credit market growth
Strive's Bitcoin reserves reach 16,500 BTC while Bitcoin-backed preferred securities like SATA and Strategy's STRC see increased adoption in the growing "digital credit" sector.
Between May 19 and May 22, Strive acquired 1,109 Bitcoin, bringing its total Bitcoin holdings to 16,500 BTC, as disclosed in an SEC filing released on Tuesday.
According to the filing, as of May 22, the company maintained approximately $93.3 million in cash and cash equivalents, in addition to around $50.1 million in fair value associated with its position in Strategy's Stretch preferred stock instrument, STRC. The Texas-based firm, headquartered in Dallas, also indicated it is considering updated at-the-market stock sale programs that may enable further Bitcoin (BTC) acquisitions.
During this timeframe, Strive expanded its Class A common shares outstanding by over 2.2 million shares, while its SATA preferred stock shares increased by approximately 515,000 shares, demonstrating ongoing utilization of equity-linked financing mechanisms connected to its Bitcoin treasury approach.
This disclosure comes after Strive revealed earlier in the month that it plans to initiate daily dividend payments on its SATA preferred shares at a 13% annualized rate starting in June. The firm characterized SATA as the inaugural listed US security structured to pay out dividends on every business day. Strive also disclosed that it had retired all its outstanding debt obligations.
The company is an asset management firm established by Vivek Ramaswamy, a former US presidential candidate who is currently running as a Republican gubernatorial candidate in Ohio, and has progressively implemented a Bitcoin treasury strategy comparable to Strategy's model.
According to data from BitcoinTreasuries.NET, Strive currently holds the position of seventh-largest public corporate Bitcoin holder, maintaining approximately $1.3 billion worth of BTC on its balance sheet.
Yield-bearing securities viewed as digital credit
The SATA product offered by Strive represents a segment of an expanding category of yield-generating securities connected to corporate Bitcoin treasury strategies, an investment class that issuers are referring to as "digital credit."
Strategy, which holds the distinction of being the world's largest corporate Bitcoin holder, presently provides multiple preferred securities linked to its Bitcoin-centric capital structure, including Stretch (STRC), Stride (STRD), Strife (STRF) and Strike (STRK).
Among these offerings, STRC has become the primary Bitcoin-linked preferred security issued by the company. Introduced in July 2025, the security presently provides a variable dividend yield of approximately 11.5%, based on company data. Next week, shareholders will participate in voting on a proxy proposal to distribute dividends on the shares twice a month.
STRC achieved a record $1.53 billion in daily trading volume earlier this month, with chairman Michael Saylor characterizing the product as Strategy's principal instrument for financing Bitcoin purchases in 2026.
According to data from BitcoinTreasuries.net, SATA presently holds a market capitalization of approximately $332 million, in comparison to Strategy's STRC which exceeds $10 billion.
During a Tuesday appearance on the Coin Stories podcast, Jeff Walton, Strive Chief Risk Officer, suggested that BTC-backed securities have the potential to transform traditional financial markets and credit systems.
"You can start to rethink and reimagine what money looks like, reimagine what credit looks like,"
Jeff Walton, Strive Chief Risk Officer
Walton further noted that the concept was "so simple it seems like it shouldn't work," which he indicated plays a role in the skepticism surrounding this emerging sector.
