Strive's Preferred Stock Reaches Par Value, Enabling Bitcoin Purchases
Strive, a Bitcoin treasury company, achieved a par value of $100 per share for its perpetual preferred stock (SATA), enabling it to raise funds for Bitcoin acquisitions. The stock offers a 12% dividend rate and an actual yield of 12.2%. Strive holds 12,797 Bitcoins, with common stock priced at $0.94. The company can raise cash through an at-the-market offering when trading above par value. Earlier, another Bitcoin reserve company, Strategy, reached its par value, with significant trading volume last week.
