Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Markets
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Strategy's STRC preferred series gets $50 mi
Markets
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Strategy's STRC preferred series gets $50 mi
Strategy's STRC preferred series gets $50 million investment from fellow BTC treasury company Strive
For feedback or concerns regarding this content, please contact us at [email protected]
Strategy's STRC preferred series gets $50 million investment from fellow BTC treasury company Strive
Strive also added to its bitcoin holdings and boosted the dividend on its own SATA preferred stock.
By James Van Straten|Edited by Stephen Alpher
Mar 11, 2026, 2:07 p.m.
Make us preferred on Google
What to know:
- Strive purchased an additional 179 bitcoin, increasing total holdings to 13,311 Bitcoin.
- The company also lifted the dividend on its SATA preferred stock to 12.75% and purchased $50 million of Strategy's STRC, which yields 11.5%.
- ASST was modestly higher on Wednesday alongside a small gain in the price of bitcoin.
Roughed-up bitcoin treasury company Strive (ASST) announced a number of balance sheet moves on Wednesday.
The company purchased an additional 179 bitcoin, bringing total holdings to 13,311 BTC, worth about $930 million at current prices.
Strive also lifted the dividend on its perpetual preferred security SATA by 25 basis points to 12.75%. SATA was ahead 1.4%, but still trading well below par at $96.22.
The company also announced the purchase $50 million of Strategy's (MSTR) perpetual preferred stock, STRC, which currently yields 11.5%.
Among a large group of companies quickly formed in 2025 to try and mimic the success of Michael Saylor's Strategy, Strive has struggled, losing more than 90% of its value since its summer 2025 peak and recently having to undertake a 1:20 reverse stock split to keep its share price above $1.
ASST was higher by 2.2% early Wednesday as bitcoin re-took the $70,000 level.
Bitcoin NewsStrategy
More For You
Pudgy Penguins: Challenging the Pokemon and Disney Legacy in the Global IP Race
CoinDesk Research looks into how Pudgy Penguins disrupts traditional toys market via a phygital model. With 2M+ units sold, they scale via global partnerships and events.
What to know:
- Disrupting a Stagnant Market: Pudgy Penguins is utilizing a "Negative CAC" model to challenge the traditional $31.7B licensed toy industry by treating physical merchandise as a profitable user acquisition tool rather than just a final product.
View Full Report
More For You
Bitcoin reverses overnight losses, rising to above $70,000 as oil renews decline
Wednesday morning's U.S. inflation data was in line with forecasts, and markets continue to price out any chance of a Fed rate cut at either the March or April meetings.
What to know:
- Trading lower through most of the U.S. morning, bitcoin jumped back above $70,000, appearing to make its move as oil quickly fell $3 per barrel.
- Amid the ongoing war against Iran, movements in the price of crude have seemingly guided markets this week.
- In line February U.S. inflation data reinforced market expectations for no Fed rate cuts at either the upcoming March or April policy meetings.
Read full story
Latest Crypto News
Bitcoin reverses overnight losses, rising to above $70,000 as oil renews decline
CoinDesk 20 performance update: Hedera (HBAR) drops 1.8%, leading index lower
Ghana opens crypto trading sandbox with 11 firms under new VASP law
Mining giant Foundry to introduce institutional zcash mining pool
U.S. February CPI matches forecasts, reinforcing expectations for no near-term rate cuts
Binance sues Wall Street Journal as newspaper says U.S. Dept. of Justice is investigating Iran transactions
Top Stories
Coinbase-backed AI payments protocol wants to fix micropayment but demand is just not there yet
Bitcoin traders bet on a rally above $80,000
Binance, PayPal and Ripple join Mastercard’s massive new push into blockchain payments
Next week could spice things up for bitcoin as seven central banks face an inflation test
Elon Musk announces X Money launch date for April
Oracle jumps 11% premarket as AI demand challenges 'SaaS apocalypse' fears
Market Opportunity
Bitcoin Price(BTC)
$70,459.39
$70,459.39$70,459.39
USD
Bitcoin (BTC) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Solana Overtakes Ethereum In Trillion-Dollar Sector, Is There A New King In Town?
Solana has overtaken Ethereum in terms of total real-world asset (RWA) holders, providing a positive sign for the network. However, Ethereum remains ahead in total
Share
Bitcoinist2026/03/12 01:00
Shiba Inu Price Steady as Kusama’s X Silence Sparks Speculation
The post Shiba Inu Price Steady as Kusama’s X Silence Sparks Speculation appeared on BitcoinEthereumNews.com. The Shiba Inu price remains steady as the community
Share
BitcoinEthereumNews2026/03/12 01:41
Semirara profit falls 33% on weaker coal, power prices
EARNINGS of Consunji-led Semirara Mining and Power Corp. (SMPC) fell 33% to P13.1 billion, mainly due to weaker coal and electricity prices, lower shipments, and
Share
Bworldonline2026/03/12 00:07