Strive plans to issue SATA preferred shares to raise funds for increasing Bitcoin holdings, with an initial annual interest rate of 12%

According to CoinDesk, Nasdaq-listed asset management company Strive (ASST) announced plans to issue 1.25 million shares of SATA preferred stock, with an initial annual dividend of 12% and monthly cash dividends. The funds raised will be used to increase Bitcoin holdings, expand operations, and potentially repurchase stock.

This move draws on MicroStrategy's financing model to reduce the dilution risk of common stock. Currently, Strive holds nearly 6,000 BTC and plans to increase this to approximately 11,000 after acquiring Semler.