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Strive bought STRC instead of holding ‘idle cash,’ lost over $4M

Strive told shareholders that it was choosing to hold STRC instead of idle cash, a swap that has cost shareholders millions of dollars.

Strive’s $50M STRC bet is already underwater

Strive Inc. bought the dividend-paying STRC stock by Strategy, a supposed money-market competitor, and lost $1.8M.

Bitcoin treasury company Strive has rebranded as a daily dividend company, despite its common stock cratering 85% within a year.

Nasdaq-listed BTC treasury company Strive has announced a $50M cash purchase of fellow BTC treasury company Strategy’s STRC.