Strive bumps SATA preferred stock dividend to 12.75%, buys $50 million of Strategy’s STRC and more bitcoin
The Block
Strive increased SATA's dividend to 12.75%, narrowed its price range, and invested $50 million in Strategy's STRC, alongside increasing its Bitcoin holdings.Summary
Strive, Inc. has announced enhancements to its SATA preferred stock, including a 25 basis point increase to the dividend, now at 12.75%. The company also adjusted SATA’s trading range to $99-$101. SATA is a bitcoin-treasury-backed instrument modeled after Strategy’s STRC, designed for stable, high-yield returns. Strive CEO Matthew Cole emphasized the focus on maintaining a stable trading range and strong balance sheet. Additionally, Strive increased its Bitcoin holdings to 13,311 BTC and purchased $50 million of Strategy’s STRC, which yields 11.5%. Founded in 2022 by Vivek Ramaswamy, Strive has been actively expanding through acquisitions and public offerings, including a recent plan to raise an additional $150 million.
(Source：The Block)