Strive Raises SATA Dividend and Deploys $50 Million Into MicroStrategy’s Preferred Shares
Strive increased its SATA preferred stock dividend to 12.75% and invested $50 million in MicroStrategy's STRC preferred shares.Summary
Bitcoin treasury firm Strive has increased the dividend rate on its SATA preferred stock by 25 basis points, setting it at 12.75%, while also narrowing the targeted SATA price range to $99–$101.
The company deployed $50 million of its cash reserves to purchase 500,000 shares of MicroStrategy's Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), diversifying its reserves beyond cash and BTC into yield-bearing equity.
These moves aim to benefit preferred shareholders by providing a wider 18-month cash reserve buffer and limiting dilution risk by barring STRC issuance below $100. Despite these actions, Strive stock (ASST) has fallen 37.4% year-to-date amid broader digital asset treasury equity pressure and an unrealized loss exceeding $470 million on its BTC holdings.
(Source：BeInCrypto)