Strive (NASDAQ: ASST) announced Wednesday a 0.25% increase to its preferred stock dividend alongside purchases of Strategy’s (NASDAQ: MSTR) STRC preferred stock and bitcoin.
The company raised the dividend of its SATA preferred stock to $1.0625 per share, payable on April 15 to stockholders of record on April 1, making the new dividend rate 12.75%.
Strive narrowed its targeted SATA price range to $99-$101 from $95-$105, and it plans to avoid issuing SATA shares via equity offerings below the $100 threshold. Strive also said that its reserve to pay dividends has expanded to 18 months of coverage.
In the same statement, the bitcoin treasury company purchased 179 additional bitcoin, bringing its total holdings to 13,311 Bitcoin. Strive also utilized $50 million of its cash reserves to buy 500,000 shares of Strategy’s preferred stock STRC.
Prior to the STRC purchase, Strive held $143.4 million in cash and cash equivalents.
The balance sheet shuffling follows a series of capital market activities dating back to late 2025. Strive closed a $225 million follow-on offering for its preferred stock in January. Proceeds from that offering extinguished 92% of the debt inherited from Strive’s Semler Scientific acquisition and paid off a $20 million loan from Coinbase.
In November 2025, Strive also launched a $149.3 million oversubscribed initial public offering for SATA at $80 per share. Following the IPO, Strive spent $161.9 million to purchase 1,567 Bitcoin.
