Strive buys 179 BTC, $50M in Strategy preferred stock

Strive (Nasdaq: ASST), a Bitcoin strategy and asset management firm, has recently purchased additional Bitcoin and Strategy (MSTR) perpetual preferred stock (STRC), CoinDesk reported. In an amendment to its financial statements filed on March 11, Strive disclosed the purchase of 179 BTC, bringing its total holdings to 13,311 BTC, valued at approximately $930 million. The company also bought $50 million worth of the STRC fund, which currently has a dividend yield of 11.5%. Additionally, Strive increased the dividend on its own preferred stock, SATA, by 25 basis points to 12.75%.