Strive said it bought 2,500 Bitcoin between May 23 and June 1 for about $185.2 million at an average price of $74,092 per coin, raising its treasury from 16,500 BTC to 19,000 BTC, according to an SEC Form 8-K filing. The company said nearly all of the purchase was funded through its Variable Rate Series A Perpetual Preferred Stock, or SATA, with 1,754,188 newly issued shares generating about $175.4 million and another $9.8 million raised through sales of Class A common stock. CEO Matt Cole said the company posted quarter-to-date BTC yield of 23.0%, year-to-date BTC yield of 36.7%, and an amplification ratio of 57.0%. The filing also showed cash and equivalents rising from $93.3 million to $137.3 million even after the Bitcoin purchase, which Strive said helps preserve an 18-month dividend reserve for SATA holders. Strive also said it plans to seek approval to expand its at-the-market programs by $2.1 billion each for Class A shares and SATA, bringing total ATM capacity to about $5.15 billion, and plans to shift SATA dividends from monthly to daily starting June 16. The report contrasted Strive’s continued accumulation with Strategy’s sale of 32 BTC for $2.5 million to fund dividends on its preferred stock, STRC.