Strive Aims to Be 2nd Largest Public Company by Bitcoin (BTC) Holdings..."Altcoin Value Will Decline"

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U.S. asset management firm Strive (ASST) has unveiled a blueprint to become the world's second-largest publicly traded company by Bitcoin (BTC) holdings within the year, continuing its aggressive accumulation of Bitcoin. The analysis suggests that Bitcoin is the only true digital gold that can counter the depreciation of fiat currencies, and altcoins like Ethereum and Solana will decline in value relative to Bitcoin in the long term.

In an interview with Lark Davis, host of the cryptocurrency podcast The Lark Davis Show, on September 29 (local time), Strive Chairman and CEO Matt Cole stated, "Our current market capitalization is between $2 billion and $3 billion, and our Bitcoin holdings have surpassed 26,000 BTC." Cole added, "We have grown our holdings more than fourfold from 5,000 BTC in just over a year since our listing. Based on the exercise of $700 million in warrants expiring in three weeks and the growth of our perpetual preferred stock product SATA, we are highly likely to secure 40,000, 50,000, and up to 60,000 BTC by the end of this year, becoming the world's second-largest corporate holder."

Cole explained that Strive's perpetual preferred stock SATA offers differentiated investor protection mechanisms compared to MicroStrategy (MSTR) Chairman Michael Saylor's preferred stock product (STRC). Cole emphasized, "SATA pays an annual dividend of 13% daily on business days, significantly reducing price volatility." He further highlighted its stability as a digital credit product, stating, "If the monthly average trading price does not exceed $99, the dividend rate cannot be lowered, and if dividends are skipped, a penalty with an added unpaid dividend rate is applied, and executive bonuses are fully cut."

Strive drew a line against the possibility of purchasing altcoins, including Ethereum (ETH). It was pointed out that even with staking rewards, the total return lagged Bitcoin by an average of 15% annually. Cole firmly stated, "The source of dividend payments is the long-term appreciation of assets, but Ethereum's total return significantly lagged Bitcoin's even with staking interest. Only Bitcoin, as digital gold, is suitable as a long-term carry trade instrument to counter currency depreciation."

Cole also addressed the overall decline in the altcoin ecosystem and the physical limitations of gold. He stated, "Millions of altcoins are like a ball that loses momentum every time it bounces, eventually trending downwards against Bitcoin," assessing altcoin investment as close to gambling. He continued, "Traditional gold faces the risk of a rapid increase in supply due to mining technology and space resource exploration, but Bitcoin is an emerging asset with an absolutely limited total supply. The U.S. government, in the event of future weakening dollar hegemony, will have no choice but to select Bitcoin, which is based in the U.S., as a strategic alternative instead of gold, which is dominated by China and India."

Strive's strategy, centered on Bitcoin's financial strategy, is accelerating with the influx of institutional investor funds. Market attention is focused on whether the capital raising model through preferred stock can drive the achievement of 60,000 BTC in Bitcoin holdings.

[Article Key Summary]

-Strive (ASST) holds 26,000 BTC and announced its intention to secure up to 60,000 BTC by year-end, aiming to become the world's second-largest corporate holder.

-The perpetual preferred stock SATA pays an annual dividend of 13% daily and includes strong investor protection clauses, such as executive bonus cuts.

-Matt Cole emphasized that Ethereum (ETH) staking returns lagged Bitcoin by 15% annually, stressing that only Bitcoin serves as a currency hedge.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*