Strive's Dividend Burden Swells as it Issues New Preferred Shares for BTC

Strive, a Bitcoin treasury company, has increased its dividend burden by $12 million after issuing nearly one million new SATA preferred shares. This move is to buy more BTC.

The SATA preferred share count grew from approximately 9.07 million to around 9.99 million between August 28 and September 4.

As a result, the estimated recurring payout at the current 13% dividend rate has increased by about $12 million, bringing the total annualized dividend bill to nearly $130 million.