Overview
- The SATA preferred carries a 12% annual dividend with an effective yield near 13% and trades around $91 below its $100 par, echoing Strategy’s STRC structure.
- Strive put in place at-the-market agreements that allow it to sell preferred shares over time at prevailing prices rather than via a single transaction.
- Net proceeds may be used to buy bitcoin and related products, fund working capital, repurchase common stock, pursue acquisitions, or purchase income‑generating assets.
- The company discloses holdings of about 7,525 BTC valued near $694–695 million, ranking 14th among public corporate bitcoin holders.
- ASST gained roughly 3.6% after the announcement, following an upsized November SATA IPO of 2 million shares at $80 that set the stage for this program.