Back

Strive’s SATA Stock Hits $100, Boosting Bitcoin Acquisition Capacity

Strive’s $100 par value milestone for SATA allows expanded stock sales to fund Bitcoin purchases, with the company holding 12,797 BTC and offering a 12% dividend rate.

BTC

Summary

Strive’s perpetual preferred shares (SATA) reached a $100 par value last Friday, enabling greater stock sales to finance Bitcoin acquisitions. The shares offer a 12% dividend rate, yielding 12.2%. Strive currently holds 12,797 BTC. The company’s similar product, STRC, recorded $755 million in weekly trading volume earlier this month, with most trades above face value.

Terms & Concepts
  • Perpetual preferred stock: A class of preferred shares with no maturity date, typically offering fixed dividends indefinitely.
  • Dividend yield: A financial ratio showing how much a company pays out in dividends each year relative to its share price.
  • BTC: Abbreviation for Bitcoin, the first and most widely used cryptocurrency.