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0.000137551581843176 0.000275103163686352 0.000275103163686352 0.000137551581843176 -0.00949105914718022 0.00247592847317747 0.012242090784044 0.0272352132049519
Stock impact report

Strive Hikes Preferred Share Dividend Rate as Bitcoin Treasury Companies Continue to Plunge [Yahoo! Finance]

Kindly MD, Inc. (NAKA) 
Company Research Source: Yahoo! Finance
Among those headed lower is Strive (ASST), now down 9% to a record low of $0.78. At the height of the BTCTC mania in the spring, Strive at one point traded above $13. Attempting to mirror Michael Saylor's Strategy, Strive last month issued a perpetual preferred series of stock (SATA), raising $160 million, with a dividend rate of 12%. The company's aim is to keep SATA trading in a tight range near $100. With SATA having dipped and held in the $90 area, Strive today announced a hike in the dividend rate to 12.25%. Strive currently holds 7,525 bitcoin and the current share price indicates a mNAV (the stock valuation dividend by the value of the company's bitcoin holdings) of just 1.09. A check of other BTCTCs Monday finds losses across the board, with Strategy (MSTR) itself down 6.6%. KindlyMD (NAKA), XXI (XXI), American Bitcoin (ABTC) and ProCap (BRR) are lower by 5%-10%. Semler Scientific (SMLR), which has agreed to merge with Strive (shareholder vote is in January), is lower Show less Read more
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