Strive purchases $50 million worth of Strategy perpetual preferred stock STRC and increases Bitcoin holdings to 13,311 coins

Mars Finance reports that according to The Block, Bitcoin treasury listed company Strive announced a 25 basis point increase in its SATA preferred stock dividend to 12.75%, and narrowed the price range from $95-105 to $99-101. SATA is a high-yield, Bitcoin-backed perpetual preferred instrument traded on NASDAQ, modeled after Strategy’s STRC stock design, which minimizes price volatility through adjustable floating dividends. The company also increased its Bitcoin holdings to 13,311 coins (up from 13,131.82 Bitcoin disclosed in January) and purchased $50 million worth of Strategy perpetual preferred stock STRC (current yield 11.5%).