Key Highlights BNY Mellon increased its stake in Strive by 39% to 257,718 shares rather than buying Bitcoin directly. Strive holds more than 43,000 BTC and primarily finances its Bitcoin purchases through stock offerings and perpetual preferred stock. The roughly $6 million position is small relative to BNY Mellonās overall assets, but institutional ownership could ...
Key Highlights: Strive achieved a 63.2% year-to-date Bitcoin yield, measuring the expansion rate of its Bitcoin per share. For the first nine months, the company posted a $14.5 million GAAP net loss and an $88.4 million net loss attributable to common stockholders after preferred dividends. Third-quarter adjusted non-GAAP income attributable to common stockholders reached nearly ...
Key Highlights: The BlackRock-managed iShares Preferred and Income Securities ETF (PFF) has revealed a $39,177,658.53 stake in Strive’s high-yield perpetual preferred shares, trading under the ticker SATS. SATS pays a fixed 15% annual dividend on a stated value of $100 and helped fund Strive’s acquisition of 6,182 Bitcoin for $511.4 million shortly after its initial ...
Key Highlights: Strive purchased 124 Bitcoin for $10 million between Oct. 24 and Oct. 30, bringing its total treasury holdings to 43,124 BTC. The company funded the acquisition primarily through balance-sheet cash and the first-ever open-market sales from its new SATS preferred stock at-the-market (ATM) facility. With Bitcoin trading near $77,000, Strive sits closely behind ...
Key Highlights: Perpetual preferred shares are opening cryptocurrency exposure to traditional income and yield-focused investors who previously bypassed spot exchange-traded funds. Market analysts note that while ETFs will likely dominate overall demand, instruments like STRC provide a complementary tailwind despite carrying ongoing dividend obligations. Experts caution that these hybrid instruments introduce unique risks, reacting to ...
Key Highlights: Strive Chief Executive Matt Cole stated that the firm could potentially rank as the second-largest public corporate Bitcoin holder by year-end, though he views it as an unlikely outcome. The firm is raising roughly $630 million in gross proceeds through the sale of 7 million shares of 15% SATS Series A preferred stock ...
Key Highlights TD Cowen lifted its price target for Strive from $44 to $56 following an aggressive digital asset acquisition strategy. Strive expanded its corporate Bitcoin treasury to 35,595 BTC, surpassing early expectations with rapid, multi-thousand BTC purchases. The firm is pursuing approximately $630 million in gross proceeds through an offering of 7 million preferred ...
Key Highlights: Strive is raising an upsized $630 million before expenses through perpetual preferred SATS shares offered at $90 each, scheduled to settle on Oct. 20. While SATS carries a $100 liquidation preference and a $15 annual dividendāyielding an effective 16.7% cash rate at offeringāit lacks a maturity date, leaving investor exits subject to secondary ...
Key Highlights Strive plans to raise $500 million by offering 5 million shares of its new perpetual preferred stock, SATS, priced at $100 per share with a 15% fixed dividend. Proceeds from the offering are earmarked to purchase more Bitcoin, acquire income-generating assets, or finance share buybacks, backed by an initial 18-month dividend reserve. Strive ...
Key Highlights: Industry observer Webley warns that investing in corporate Bitcoin treasuries carries management execution risks absent from holding spot Bitcoin directly. Firms continue aggressive acquisitions, with Strategy expanding its reserves to 848,000 BTC and Strive increasing its holdings to 29,462 BTC. Bitcoin encountered volatility after facing rejection near $87,000, triggering roughly $600 million in ...
Key Highlights: Strive purchased an additional 2,000 Bitcoin, bringing its total corporate treasury holdings to 29,462 BTC. The acquisition occurred while Bitcoin traded in the mid-$80,000 range, continuing Strive’s practice of buying during price dips. Strive finances its accumulation strategy through capital markets access, including equity issuance, mirroring the corporate treasury model popularized by Strategy. ...
Key Highlights Strive expanded its treasury to 29,462 Bitcoin as of Oct. 2, establishing a total reserve valued at approximately $2.5 billion. Capital generation has relied heavily on SATA preferred shares, which offer an adjustable annual dividend of roughly 13% paid out every business day. Strive ranks fifth among all publicly traded corporate Bitcoin holders, ...