What did Strive announce about its Bitcoin holdings?

Strive disclosed that it purchased 2,500 Bitcoin last week, increasing its total holdings to 19,000 BTC worth about $1.3 billion. The company is continuing to expand its Bitcoin treasury strategy despite recent market volatility.

Why are analysts bullish on Strive?

Benchmark-StoneX initiated coverage of Strive with a "Buy" rating and a $32 price target. Analysts cited the company's debt-free structure, growing Bitcoin holdings and preferred stock strategy as key advantages over many competing Bitcoin treasury firms.

What is Strive's SATA product?

SATA is Strive's preferred stock product that offers a 13% annual dividend paid daily. According to the company, it will become the first listed US security to provide routine daily dividend payments instead of traditional monthly or quarterly distributions.

How much capital is Strive planning to raise?

Strive announced plans to expand an issuance programme by $4.2 billion. The increase includes up to $2.1 billion in additional common equity and $2.1 billion in SATA preferred stock that could be used to acquire more Bitcoin.

How does Strive compare with Strategy?

While both companies are building Bitcoin treasury businesses, analysts describe them as complementary rather than direct rivals. Strategy remains significantly larger, with Strive's 19,000 BTC representing only about 2.2% of Strategy's Bitcoin holdings.

Why do analysts think Strive's structure is different from other Bitcoin treasury companies?

Benchmark-StoneX argues that Strive avoids some of the risks associated with convertible debt, margin financing and repeated equity dilution. The company has eliminated its debt and uses preferred stock structures that analysts believe reduce refinancing and collateral risks.

What is digital credit and why does it matter?

Digital credit refers to financial products backed by digital assets such as Bitcoin. Supporters believe it could become a new asset class that allows investors to generate yield or income while maintaining exposure to crypto-related assets.

How did the market react to the news?

Despite the positive analyst coverage, Strive shares fell 6.6% to $16.06 on Tuesday. Broader market concerns, including reactions to Strategy's first Bitcoin sale since 2022, weighed on sentiment across Bitcoin-related stocks.

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Strive expands Bitcoin war chest with $4.2B plan

Written by Mahathir BayenaPublished Jun. 3 2026Last Updated Jun. 3 2026

Bitcoin treasury firm Strive has expanded its holdings to 19,000 Bitcoin worth approximately $1.3 billion while unveiling plans to increase its capital issuance programme by $4.2 billion.

The company purchased 2,500 Bitcoin last week and raised $44 million to support dividend payments on its preferred stock, according to a filing with the US Securities and Exchange Commission.

“This is not a zero-sum game,”

Said Benchmark-StoneX analyst Mark Palmer.

“If more investors see digital credit as being an attractive new asset class, then that’s going to benefit all of those participants in that space.”

He added.

Benchmark-StoneX initiated coverage of Strive with a Buy rating and a $32 price target, highlighting the company's debt-free balance sheet and its SATA preferred stock product, which is set to begin daily dividend payments on June 16.

Strive plans to increase a capital-raising programme by issuing an additional $2.1 billion in common equity and $2.1 billion in SATA preferred stock, creating further capacity to acquire Bitcoin.

Analysts said Strive’s financing model differentiates it from many Bitcoin treasury firms because it avoids reliance on convertible debt, margin financing and refinancing risks that can amplify losses during Bitcoin downturns.

The bullish assessment comes as investors scrutinise corporate Bitcoin strategies following Strategy’s first Bitcoin sale since 2022, although Benchmark-StoneX maintained a Buy rating on Strategy and argued the transaction demonstrated financial flexibility rather than a shift away from its long-term Bitcoin accumulation strategy.

At the time of reporting, Bitcoin price was $66,959.88.