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Coinpaper 2026-04-06 16:34:06

ASST Stock Jumps 5% as Strive Expands Bitcoin Treasury With New 113 BTC Buy

Strive Inc. shares have moved higher after the company disclosed another Bitcoin purchase and updated investors on its balance sheet. As of April 6, 2026, ASST stock was up about 5%, while Strive’s Bitcoin treasury reached 13,741 BTC after a new 113 BTC buy worth about $7.75 million. The latest purchase was made at an average price of about $68,577 per Bitcoin, based on the figures provided in reports. The update added to investor focus on Strive’s treasury strategy, which combines direct Bitcoin exposure with cash reserves and related equity holdings. The company is now among the larger public corporate Bitcoin holders. Strive also reported $86.9 million in cash and cash equivalents as of April 2, 2026. In the same filing, it disclosed a $50.5 million holding in Strategy Variable Rate Perpetual Stretch Preferred Shares Series A, or STRC. Together, those positions gave investors a clearer view of the company’s liquidity and investment mix. Strive Bitcoin Treasury Reaches 13,741 BTC The new 113 BTC purchase lifted Strive’s total Bitcoin holdings to 13,741 BTC. Based on early April market prices, that treasury was valued at more than $950 million. The company’s growing Bitcoin position remains a central part of the ASST stock story. However, as per the filing, Strive’s average Bitcoin cost basis stood near $104,073 per coin. At current market levels, that leaves the company with over $500 million in unrealized losses on paper. Even so, Strive has continued to add to its Bitcoin treasury rather than slow its buying pace. The company’s strategy has drawn attention because it combines aggressive accumulation with new funding tools. Strive continues to use its capital structure to support purchases. That has included the use of SATA, its variable rate Series A perpetual preferred stock. Strive also disclosed its share structure in the filing. As of April 2, it had 59,312,566 shares of Class A common stock outstanding, 9,896,553 shares of Class B common stock, and 4,373,194 units of SATA preferred stock. Cash, STRC Holdings, and Debt Moves Shape the Balance Sheet Beyond Bitcoin, Strive reported $86.9 million in cash and cash equivalents. It also held $50.5 million in STRC stock, which is tied to Strategy’s preferred share offering. Reports said STRC yields 11.5%, giving Strive exposure to another Bitcoin-linked corporate financing instrument. The company has also been reducing inherited debt. As we reported , Strive retired $110 million, or 92%, of the debt linked to its acquisition of Semler Scientific. It plans to clear the remaining $10 million by the end of April 2026. Strive’s SATA preferred stock remains an important part of that structure. Reports said the SATA dividend was recently increased to 12.75%. That gives the company another tool to raise capital while continuing to add Bitcoin. ETF Plan and Corporate Bitcoin Strategy Stay in Focus Last week, Strive said its subsidiary would serve as sub-adviser for the proposed T-Strive Digital Credit ETF, trading under the planned ticker DGCR. The proposed fund is expected to invest mainly in preferred shares of Strategy and Strive. Those proceeds would then support Bitcoin acquisitions. That plan connects Strive’s treasury model with a broader product strategy. It also places the company deeper into the growing market for Bitcoin treasury-linked financial products. As a result, investors are now watching both ASST stock and Strive’s role in Bitcoin-related capital markets. Consequently, with the recent buy, Strive ranks as the 9th largest corporate holder of Bitcoin globally. That ranking places the company among a small group of public firms building large Bitcoin treasuries. However, the Michael Saylor-led Strategy remains much larger, with 766,970 BTC after its latest 4,871 BTC purchase. =

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