Izzy Zhang
@izzyzhang
· 5d
How much Bitcoin does Strive hold after its latest purchase?Strive now holds 25,000 BTC after adding $36.6 million worth of Bitcoin in its newest buy. The asset manager funded the entire purchase with preferred stock, not cash.What happened: Strive's Bitcoin stash hit an even 25,000 BTC this week, per the company's latest treasury update. The $36.6 million buy was financed entirely through preferred stock issuance, pushing the notional value of its SATA preferred past $1 billion for the first time. It's the same playbook Michael Saylor's Strategy popularized, now running through a smaller balance sheet.Key numbers: 25,000 BTC held after the latest purchase$36.6 million deployed in a single buy, funded via preferred stockSATA notional value crossed $1 billion for the first timeWhy it matters: Funding Bitcoin with preferred stock keeps common equity intact and spares operating cash, but it layers fixed dividend obligations on top of a volatile asset. If BTC stalls, that structure gets heavy fast.Bottom line: Strive just proved you don't need cash flow to stack sats — you need a yield-hungry market willing to buy your paper.
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