Strive Raises SATA Preferred Yield to 13%; Tops Hut 8 in Bitcoin Holdings [Yahoo! Finance]
Strive, Inc. - Class A (ASST)
Company Research
Source: Yahoo! Finance
Strive said Wednesday it is raising the dividend rate on its Variable Rate Series A Perpetual Preferred Stock to 13.00% from 12.75%, effective for monthly periods starting on or after April 15. The company also declared a $1.0833 per share dividend payable on May 15 to holders of record as of May 1. At the same time, Strive disclosed the purchase of about 27 additional bitcoin, bringing its total holdings to roughly 13,768 BTC (CRYPTO: $BTC). The update says a fair amount about how Strive wants this trade to be understood. The company is not just adding to its bitcoin balance sheet. It is also trying to frame that treasury strategy inside a structure that can continue supporting an elevated preferred yield. Strive said that at a 13.00% SATA yield and a bitcoin price of $74,750, its current balance sheet and structure could support SATA dividend obligations for about 19.6 years. That is a company projection, but it helps explain the link management is trying to make between bitcoi
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ASST
News
- Strive (ASST) was upgraded by HC Wainwright to "strong-buy".MarketBeat
- Strive (ASST) is now covered by HC Wainwright. They set a "buy" rating on the stock.MarketBeat
- Strive Asset Management Ups Preferred Dividend Rate And Highlights Tax Impact [Yahoo! Finance]Yahoo! Finance
- Strive (ASST) was upgraded by TD Cowen to "strong-buy".MarketBeat
- Strive Announces Increase to SATA Perpetual Preferred Stock Dividend Rate to 13.00% and Bitcoin BuyGlobeNewswire
ASST
Sec Filings
- 4/15/26 - Form 8-K
- 4/7/26 - Form SCHEDULE
- 4/6/26 - Form 8-K
- ASST's page on the SEC website