On March 12, Bitcoin (BTC) asset management firm Strive recently acquired STRC dividend-paying stocks under Strategy with $50 million in cash, rather than directly purchasing Bitcoin assets. Strive CEO Michael Saylor stated that this move aims to optimize idle capital returns; investing in high-dividend stocks can improve capital efficiency compared to low-yield money market funds. Strive was co-founded by Vivek Ramaswamy and former Anheuser-Busch CEO.
In January this year, Strive raised approximately $118 million by selling 1.32 million shares of its dividend company SATA, which has an annual dividend yield of 12.75%, far exceeding junk bond returns. After acquiring STRC stocks, its annual dividend yield is 11.5%, and it has been included in SATA’s “dividend reserve,” expected to sustain 18 months of funding if Bitcoin prices remain stable.
Both companies describe this transaction as a “digital credit” victory, reflecting a strategy among Bitcoin asset managers to generate returns through complex fiat dividend payment schemes. Strategy CEO Phong Le said this acquisition demonstrates ongoing institutional investor integration of STRC into their capital management strategies, with STRC and SATA viewed as key components of institutional capital allocation.
Market data shows Strive purchased STRC shares at $100 per share from Strategy, while the stock traded around $93.10 in February and $90.52 in November last year. Strive’s common stock ASST has fallen 37% this year, while Strategy’s common stock MSTR has declined 8%. To keep the stock price near par value, STRC needs to repeatedly increase dividends, indicating a sophisticated arrangement where both companies use mutual dividend payments to maintain liquidity and yields.
Analysts note that this capital management model suggests Bitcoin asset managers are exploring innovative financial tools to balance returns and risks, while providing stable capital returns for institutional investors. This transaction not only demonstrates institutional interest in high-dividend Bitcoin stocks but may also influence future capital management and digital asset allocation strategies.
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