Company
Asset management firm turned bitcoin treasury company, accumulating BTC on its balance sheet; trades on Nasdaq as ASST.
Strategy and Strive added 197,000 BTC in 2026, more than the 193,000 BTC net gain River reports for all businesses. Strive held 32,773 BTC on Oct. 9, so Strategy's share is at least 164,000 BTC, or 83%.
Reality
Strive is offering five million SATS preferred shares at $100 each, a $500 million raise with a fixed 15% dividend. CryptoSlate reported the model buys about 4,700 bitcoin while total preferred dividends could reach $257.4 million a year.
Reality
Strive bought 2,822 bitcoin at about $83,266 each, lifting its treasury to 35,595 BTC, 18 more than MARA's 35,577. At $82,000 that margin is worth about $1.5 million, and Strategy still holds roughly 24 times as much.
Reality
Strive added 3,311 BTC in a week to reach 32,773 BTC, CEO Matt Cole said on October 13. He also reported about $208 million of warrant exercises, or roughly 7.7 million shares at the $27 strike if that is cash.
Perspective Coverage
6 publishersReality
The company put $75.7 million into 950 coins last week and $174 million into discounted STRC shares, and the two programs are now drawing on cash balances that fell in the same filing.
Perspective Coverage
5 publishersReality
Strive's 1,800 coins and Strategy's 4,603 put balance-sheet demand back on the tape, though the pioneer still holds 2,313 fewer bitcoin than it did in June and the newer bid is funded by a preferred paying 13 percent.
Perspective Coverage
3 publishersReality
Strive's SATA preferred stock raised an estimated $55 million this week through its at-the-market program, enough for about 638 bitcoin. Nearly all of it came on the two days the shares held their $100 par, because issuance stops below that price.
Reality
Strategy's own buybacks made up over 20% of weekly STRC trading in most of September, Keyrock found. For holders the larger exposure is the price, since Keyrock found STRC four to eight times less liquid once it drifts more than 1% from its $100 par.
Reality
Strive bought 2,000 bitcoin for $169 million last week, its biggest buy in four months, while its $90,170 average cost sat above a price near $86,000. Its $284.7 million in cash also has to pay a roughly 13% preferred dividend, so further buying depends on selling more SATA.
Reality
Strategy spent $176 million buying back its STRC preferred last week, about six times the $28.7 million it paid for 334 bitcoin. At $85,838.80 a coin, even that small purchase lifted the company's $75,440.70 average cost.
Perspective Coverage
6 publishersReality
Smarter Web Company plans to raise £15 million to £25 million with MORE, the first preferred share from a UK corporate Bitcoin holder, pending FCA approval. How much it raises, and at what dividend, is an early check on Michael Saylor's claim that Bitcoin-backed credit issuers enlarge each other's market.
Reality
The asset manager paid for the coins with fresh common and preferred stock. Back out the two disclosed percentages and the fully diluted share count grew about 4% in a single week.
Perspective Coverage
4 publishersReality
A ten-week gap in purchases produced a $1.59bn dollar reserve, and the roughly 3,588 coins sold in July to meet dividend obligations show where cash has to come from when the asset on the balance sheet pays none.
Perspective Coverage
6 publishersReality
Adam Back's 7.6 million euro tranche took him to 17.64% of the ordinary shares, and the placement it sat in priced above Capital B's own at-the-market print, a premium more typical of ordinary financing than of discounted rescue money.
Reality
Strive paid for last week's 469 bitcoin entirely with preferred stock. The coupon on its $1.04 billion of SATA is 13%, charged every business day, against a treasury of 25,000 coins. Warrants struck at $27 expire in mid-October.
Perspective Coverage
3 publishersReality
Strive outbought Strategy again on Monday, 1,355 coins against 950, and its stack ranks fifth among public holders. The weekly checks come out of a perpetual preferred that pays 13% and crossed $1 billion of notional this month.
Reality
Buyers in Japan, France, the UK and Dallas all added bitcoin in the same week; the Singapore name in the group sold its whole stack this year to repay $8.5m of debt, which is what a forced seller looks like.
Reality
Nine days of purchases paid for by a security that disburses cash every business day is a demand read on the preferred rather than on bitcoin. The coins Strive bought last week at $79,431 are marked at $77,100.
Reality
A $1.92 billion ETF inflow print and a Fear and Greed reading of 78 say institutional sentiment flipped. Neither says whether the money was spot or borrowed.
Reality