[BTC Treasury] — On June 2, 2026, Strive Asset Management filed with the SEC disclosing it had purchased 2,500 BTC last week for approximately $185.2 million at an average cost of roughly $74,092 per bitcoin, bringing its total holdings to 19,000 BTC valued at about $1.3 billion. The same day, the firm announced it is expanding its issuance program by $4.2 billion — an additional $2.1 billion in common equity and $2.1 billion in its SATA preferred stock.
The SATA preferred carries a 13% annual dividend paid out daily, starting June 16. Strive says that makes it the first US-listed security to pay routine daily dividends, rather than the standard quarterly or monthly schedule. The firm also disclosed it raised $44 million specifically to maintain an 18-month dividend reserve, ensuring SATA payments remain funded independent of BTC price movement.
The announcement landed the same week Strategy sold 32 BTC — its first disposal since 2022 — a contrast crypto-Twitter seized on immediately. Strive CEO Matt Cole framed the divergence plainly in a June 2 post: Strive holds no debt and carries no leverage. On June 3, Benchmark-StoneX initiated coverage of ASST with a Buy rating and a $32 price target. Analyst Mark Palmer described the two firms as complementary rather than competitive, both building out what he called "digital credit" as an asset class. "This is not a zero-sum game," Palmer told Decrypt. "If more investors see digital credit as being an attractive new asset class, then that's going to benefit all of those participants in that space."
Despite the bullish setup, ASST shares fell 6.6% to $16.06 on June 3, reflecting a broader market selloff with BTC trading near $67,000. Strive's own performance metrics show quarter-to-date BTC yield of 23.0%, year-to-date of 36.7%, and an amplification ratio of 57.0.