BNY Mellon increased its stake in Strive by 39% to 257,718 shares, worth approximately $6 million in early November 2026. The transaction involved shares listed on Nasdaq under the ticker ASST, rather than a direct purchase of Bitcoin. Strive holds more than 43,000 BTC and has mainly funded its Bitcoin purchases through stock offerings, including perpetual preferred shares yielding 13% to 15%. Its debt-free balance sheet means a sharp fall in Bitcoin’s price would not force the company to sell holdings to meet lender demands, but the high dividend payments create a permanent financing cost. Although the position is immaterial for BNY Mellon, it reflects growing institutional interest in Bitcoin treasury stocks as an alternative to owning Bitcoin directly.
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