Strive Buys $50M of Strategy’s STRC Preferred Shares
Strive Asset Management invested $50 million in Strategy’s STRC preferred stock, signaling growing institutional interest in Bitcoin-linked yield-generating securities.Summary
Strive Asset Management announced a $50 million allocation of its treasury reserves to STRC, the variable-rate perpetual preferred stock issued by Strategy. This investment, representing over one-third of Strive’s treasury, highlights increasing institutional interest in securities linked to Bitcoin treasury strategies. Several other companies, including Prevalon Energy and Anchorage Digital, have also added STRC to their balance sheets. STRC trades publicly and offers a floating dividend, providing a liquid treasury asset alternative to cash. Strive’s CEO, Matt Cole, believes allocating reserves to instruments like STRC can yield stronger returns than traditional money market funds while maintaining liquidity. Strive itself is a significant Bitcoin holder, ranking as the 11th-largest corporate Bitcoin treasury with approximately 13,311 Bitcoin. Strategy’s STRC is part of its “digital credit” model, designed to generate yield and raise capital linked to its Bitcoin holdings, and recently saw its largest issuance following program updates.
(Source：Cointelegraph)