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

ME News, May 21 (UTC+8), according to comprehensive disclosure from BBX Crypto Concept Stock Information, Strive continues to purchase BTC through SATA preferred stock financing, Trump Media abandons ETF and returns to coin-holding strategy.

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Strive, Inc. (NASDAQ: ASST / SATA) SEC 8-K original text on May 19: Purchased 381.61 BTC from May 13 to 18, average price approximately $79,348/coin (including fees), total consideration approximately $30.3 million, funded by SATA preferred stock issuance; as of May 18, BTC treasury increased to 15,391 coins (market cap approximately $1.1 billion, estimated at approximately $76,000 on May 18), cash $87.3 million, additionally holds Strategy (MSTR) STRC preferred stock worth $49.8 million. BTC Yield from 2026 to date approximately 18.4%, this quarter to date 6.6%; the company announced on May 19 that SATA will switch to daily cash dividend payments starting June 16, with an annualized yield maintained at approximately 13%; TD Cowen target price $30, H.C. Wainwright target price $38, stock price down slightly on the day.

Trump Media & Technology Group (NASDAQ: DJT) filed a SEC Rule 477(a) withdrawal application on May 19, officially withdrawing three S-1 registration statements submitted in June-July 2025: Truth Social Bitcoin ETF (spot BTC), Truth Social Bitcoin & Ethereum ETF (BTC+ETH), and Truth Social Crypto Blue Chip ETF (including a basket of mainstream tokens such as SOL/CRO/XRP); the SEC has not made an effective or denial decision on any of the applications, and the company has not sold any related securities. Initiator Yorkville America Digital President Steve Neamtz said they will switch to the '40 Act (Investment Company Act) framework for re-application to obtain stronger investor protection and broader distribution channels. Bloomberg ETF analyst James Seyffart attributed the real reason to competitive pressure — after Morgan Stanley MSBT entered with a 0.14% fee, Truth Social ETFs would need to be lower than this level to compete, otherwise it "might be embarrassing"; Yorkville's existing Truth Social thematic ETFs have total assets of approximately $46 million, with limited competitiveness among mature ETF products. (Source: BBX)