Strive has announced a significant increase in the dividend rate on its Variable Rate Series A Perpetual Preferred Stock, raising it to 13.00% from the previous 12.75%. This adjustment will take effect for monthly periods beginning on or after April 15. In conjunction with this announcement, the company declared a dividend of $1.0833 per share, scheduled for payment on May 15 to shareholders on record as of May 1.
In a noteworthy move for its cryptocurrency strategy, Strive also revealed the acquisition of approximately 27 additional bitcoins, bringing its total holdings to around 13,768 BTC. This purchase is part of the company’s broader approach to integrate its treasury strategy with its bitcoin accumulation, which aims to sustain an elevated preferred yield.
Strive projects that at a 13.00% SATA yield and a bitcoin price of $74,750, the company’s current balance sheet can support these SATA dividend obligations for nearly 19.6 years. This projection highlights Strive’s intent to link its bitcoin holdings with an income-oriented capital structure, reassuring investors of its long-term financial strategy.
This latest bitcoin acquisition places Strive in a competitive position within the public-company treasury landscape. According to BitcoinTreasuries.net, the company now stands ahead of Hut 8, which holds 13,696 BTC, making Strive the ninth largest corporate holder of bitcoin among those tracked. While this increase may not be drastic, it signals a tightening race within the middle tier of public-market treasury rankings.
The emphasis on strategic treasury management reflects a broader trend among companies to differentiate themselves in how they present cryptocurrency exposure to investors. Strive is positioned to offer a unique value proposition by backing its preferred security with substantial bitcoin assets while maintaining a double-digit yield.
Currently, Strive Inc. (NASDAQ: $ASST) is trading at $13.52 per share, indicating a strong market interest in the company’s innovative approach to integrating cryptocurrency with traditional financial instruments.
