Strive purchased 381.61 BTC, treasury exceeds $1.1 billion; Trump Media withdraws three Truth Social crypto ETF applications;

ME News Message, May 21 (UTC+8), according to a comprehensive disclosure from BBX crypto concept stock information, Strive continues to purchase BTC via SATA preferred stock financing, while Trump Media abandons the ETF and returns to a holding strategy.

Core Dynamic Briefing

Strive, Inc. (NASDAQ: ASST / SATA) — May 19 SEC 8-K original text: From May 13 to May 18, it purchased 381.61 BTC at an average price of approximately $79,348 per coin (including fees). The total consideration is approximately $30.3 million, with funds sourced from the issuance of SATA preferred stock. As of May 18, the BTC treasury increased to 15,391 BTC (market value about $1.1 billion, estimated at about $76,000 as of May 18). Cash is $87.3 million, and it additionally holds Strategy (MSTR) STRC preferred stock of $49.8 million. BTC Yield since 2026 is about 18.4%, and 6.6% year-to-date this quarter. On May 19, the company announced that SATA will switch to paying daily cash dividends starting June 16, maintaining an annualized yield of about 13%. TD Cowen target price is $30, and H.C. Wainwright target price is $38; the stock price fell slightly that day.

Trump Media & Technology Group (NASDAQ: DJT) — On May 19, it filed with the SEC a Rule 477(a) withdrawal request and formally withdrew three S-1 registration statements submitted in June–July 2025: the Truth Social Bitcoin ETF (spot BTC), the Truth Social Bitcoin & Ethereum ETF (BTC+ETH), and the Truth Social Crypto Blue Chip ETF (including a basket of major tokens such as SOL/CRO/XRP, etc.). The SEC has not yet made an effective or denial decision on any of the applications, and the company has not sold any related securities. Steve Neamtz, President of Yorkville America Digital, said it will switch to the '40 Act (Investment Company Act) framework to reapply, to obtain stronger investor protections and wider distribution channels. Bloomberg ETF researcher James Seyffart attributed the real reason to competitive pressure—after Morgan Stanley MSBT entered with a 0.14% fee rate, for a Truth Social ETF to compete it would need to be below that level, otherwise it would be “potentially embarrassing.” Yorkville’s existing Truth Social-themed ETF has total assets of about $46 million, and its competitiveness is limited among mature ETF products. (Source: BBX)

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