Bitcoin News: Strive Buys $50M in Strategy’s STRC as It Expands BTC Bet

Strive expanded its Bitcoin-focused plan and increased its total BTC holdings. The company also raised the dividend on its SATA preferred stock and invested $50 million in Strategy’s STRC preferred shares. The update came as ASST shares edged higher, even as Strive continues to recover from a steep decline in its stock price since mid-2025.

Bitcoin remains in a cautious recovery phase after slipping below the key reclaim area. The next major upside test sits near the $80,000 resistance area. Although corporate treasury buying continues to support the broader Bitcoin narrative, that demand alone may not be enough to trigger a breakout.

Bitcoin News: Strive Adds BTC and Increases Preferred Stock Exposure

Recent Bitcoin news shows Strive expanded its treasury on Wednesday after buying 179 BTC. The purchase raised its total holdings to 13,311 Bitcoin, valued at about $930 million at current market prices.

The company also increased exposure to Strategy through a $50 million purchase of STRC preferred shares. Strategy’s STRC currently yields 11.5%, according to the details released alongside the announcement.

These moves placed Bitcoin at the center of Strive’s latest activity. They also showed that the company is combining direct BTC accumulation with income-producing securities linked to the same corporate treasury theme.

SATA Dividend Rises as Strive Adjusts Capital Allocation

Alongside the Bitcoin purchase, Strive raised the dividend on its perpetual preferred security, SATA, to 12.75%. The increase amounted to 25 basis points and formed part of the company’s latest financial update.

The SATA security traded 1.4% higher after the announcement. Even so, it remained below par at $96.22, showing that the market still assigned a discount to the instrument despite the higher payout.

That combination linked the company’s treasury strategy with its capital markets activity. It also combined yield and Bitcoin news show exposure in a single update, giving investors a clearer view of how Strive is positioning its balance sheet.

Market Reaction Follows a Difficult Period for Strive Shares

ASST shares were modestly higher early Wednesday and gained 2.2% in morning trading. The move came as Bitcoin returned above the $70,000 level, supporting sentiment around companies tied to the asset.

Still, Strive has faced a difficult stretch over the past several months. The company has lost more than 90% of its value since its peak in summer 2025, according to the figures cited in the market update.

Strive also carried out a 1-for-20 reverse stock split in recent weeks. That step aimed to keep its share price above the $1 threshold after the prolonged decline in the stock.

The latest announcement placed Strive among the companies that emerged in 2025 to build corporate strategies around Bitcoin. In this case, the company used three measures at once: it increased Bitcoin holdings, lifted the SATA dividend, and added $50 million of Strategy’s STRC preferred shares.

Bitcoin Price Prediction: BTC Holds Above These Key Levels

Bitcoin price remains in a bullish setup as long as it stays above nearby support levels around the mid-$60,000 range. The chart shows BTC trading near $69,484 after losing the $70,000 level, while the marked resistance zone near $77,000 remains the main upside barrier.

A recovery above $70,000 would help stabilize short-term sentiment and could open the way for another attempt toward that overhead supply area. However, if BTC fails to reclaim this range, traders may shift focus to the $66,000 region as the next support zone.

High oil prices and unresolved international tensions are keeping aggressive gains in Bitcoin in check. Concurrently, the long-term BTC demand is backed by further accumulation by corporate treasuries. Still, that alone won’t be enough to trigger a clean breakout.