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Strive raises SATA stock dividend, acquires $50M of Strategy’s STRC
Yahoo Finance· 2026-03-11 16:20
Core Insights - Strive announced a 0.25% increase in its preferred stock dividend, raising it to $1.0625 per share, resulting in a new dividend rate of 12.75% [1] - The company narrowed its targeted SATA price range to $99-$101 and plans to avoid issuing shares below the $100 threshold, with a reserve for dividends expanded to 18 months [2] - Strive purchased an additional 179 bitcoin, increasing total holdings to 13,311 bitcoin, and utilized $50 million to buy 500,000 shares of Strategy's preferred stock STRC [3] - The company engaged in significant capital market activities, including a $225 million follow-on offering for preferred stock, which helped extinguish 92% of debt from a previous acquisition [4] - Strive launched a $149.3 million oversubscribed IPO for SATA at $80 per share and subsequently spent $161.9 million to acquire 1,567 bitcoin [5]