Strive Adds $50 Million of Strategy’s STRC to Its Corporate Treasury

ByTJ
Strive Buys $50 million worth of Strategy's STRC Stock

Big news!

Strategy announced that Strive added $50 million worth of Stretch (NASDAQ: STRC), the company’s popular monthly preferred dividend stock, to its corporate treasury.

That amounts to 500,000 shares of STRC added to Strive’s balance sheet.

Strive CEO Matt Cole confirmed the news on X

What This Means for MSTR Investors

Michael Saylor went on X and replied that “the Bitcoin capital stack is taking shape”. It appears that more companies may purchase STRC to pocket the high monthly dividend yields to strengthen their balance sheets.

TJ has been a Strategy (MSTR) shareholder since January 11, 2021 and runs the MSTR Investor YouTube channel with over 4,000 subscribers.

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