According to Mars Finance, Nasdaq-listed asset management company Strive (ASST) announced its plan to issue 1.25 million shares of SATA preferred stock, with an initial annualized dividend of 12% and monthly cash dividends. The funds raised will be used to increase its holdings of Bitcoin, expand operations, and potential stock buybacks. This move is inspired by MicroStrategy's financing model to drop the dilution risk of common stocks. Currently, Strive holds nearly 6000 BTC and plans to increase this to around 11000 after acquiring Semler.
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Strive plans to issue SATA preferred stock to raise funds to increase Bitcoin holdings, with an initial annual interest rate of 12%.
According to Mars Finance, Nasdaq-listed asset management company Strive (ASST) announced its plan to issue 1.25 million shares of SATA preferred stock, with an initial annualized dividend of 12% and monthly cash dividends. The funds raised will be used to increase its holdings of Bitcoin, expand operations, and potential stock buybacks. This move is inspired by MicroStrategy's financing model to drop the dilution risk of common stocks. Currently, Strive holds nearly 6000 BTC and plans to increase this to around 11000 after acquiring Semler.