Strategy announces Strive adds $50M of STRC to corporate treasury

Strategy (MSTR) announced that Strive (ASST) has allocated $50M, representing over one-third of its corporate treasury, to STRC, Strategy’s variable rate series A perpetual ‘Stretch’ preferred stock. Strategy CEO Phong Le noted that Prevalon Energy, Anchorage Digital, and OranjeBTC have already added STRC to their corporate treasuries. “Many institutions, including Strive, maintain USD reserves as a buffer for dividend obligations and operational liquidity. Instead of holding idle cash earning low yields in money market funds, we believe it makes sense to allocate a portion of those reserves to instruments like STRC that provide strong yield dynamics while maintaining stable price behavior with deep liquidity. Digital Credit is still early, but the institutional demand for double-digit yield products like STRC and SATA is enormous, and we believe these instruments will become core building blocks for institutional capital,” stated Strive CEO Matt Cole.