Strive (ASST) Raises Dividend, Adds Bitcoin and Strategy (MSTR) Preferred Stock to Balance Sheet
Strive (ASST) increased its preferred stock dividend, acquired more Bitcoin, and purchased preferred stock in Strategy Inc. (MSTR).Summary
Strive, Inc. announced several strategic moves aimed at stabilizing its digital credit strategy. The company raised the dividend rate on its SATA preferred stock by 25 basis points to 12.75% and narrowed its targeted trading range to $99–$101, while also committing to avoid issuing new shares below $100. Furthermore, Strive purchased an additional 179 bitcoin, bringing its total holdings to approximately 13,311 BTC. The firm also allocated $50 million to acquire 500,000 shares of Strategy Inc.’s Variable Rate Series A Perpetual Stretch Preferred Stock (STRC). Executives stated these actions are intended to strengthen the credit profile of SATA and support long-term returns. In related news, Strategy Inc. recently acquired 17,994 bitcoin, increasing its total holdings to 738,731 BTC. Both Strategy and Strive received Buy ratings from B. Riley Financial.
(Source：Bitcoin Magazine)