Bitcoin (BTC) treasury firm Strive has raised the dividend rate on its SATA preferred stock by 25 basis points to 12.75%.
The company also narrowed its targeted SATA price range to $99–$101, down from the previous $95–$105 band.
Why it matters:
- Preferred shareholders gain a wider reserve buffer, 18 months versus the prior 12-month cash-only coverage.
- The $50 million STRC purchase diversifies Strive’s reserve base beyond cash and BTC into yield-bearing equity.
- Narrowing SATA’s target range to $99–$101 and barring issuance below $100 limits dilution risk for holders.
The details:
- According to the SEC filing, the firm disclosed that it had acquired 500,000 shares of Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) for $50 million.
- As of March 9, 2026, Strive reported $143.4 million in cash and cash equivalents. Of this, the firm deployed $50 million for its STRC purchases.
- It also had approximately 13,311 BTC, 56.89 million Class A shares, 9.88 million Class B shares, and 4.28 million SATA shares outstanding.
- Aggregate BTC, STRC, and cash reserves cover more than 19 years of SATA interest payments.
The big picture:
- Google Finance data showed that Strive stock’s ASST has fallen 37.4% YTD amid BTC weakness, which is broadly pressuring digital asset treasury (DAT) equities.
- MicroStrategy raised its own STRC preferred dividend by 25 basis points earlier in March.
- Strive sits on an unrealized loss exceeding $470 million on its BTC holdings amid the broader drawdown.
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