News linked to both this project and an event.
BitcoinTreasuries.NET posted on X platform, stating that pre-market trading is now open, with both SATA and STRC recovering to near $100 face value. SATA's daily dividend payment will begin in 6 days, supported by Apyx_fi, offering double-digit yields to everyone.
: STRC once fell to $97.11, then rebounded and closed at $98.57. Attention is being paid to Strategy's ability to continue using this preferred security as a financing tool through ATM issuance.After repurchasing $1.5 billion in convertible debt, Strategy's cash reserves dropped to approximately $871 million, only covering about six months of its estimated $1.7 billion annual preferred dividend obligations. Strive's perpetual preferred security SATA remains near its $100 par value, supported by an approximately 13% dividend yield and the company's plan to launch daily dividend payments.
According to GlobeNewswire, Strive, a Nasdaq-listed Bitcoin treasury company, announced it will increase the dividend rate on its Variable-Rate Series A Perpetual Preferred Stock (SATA) by 25 basis points to 13.00%, effective for interest periods beginning on and after April 15, 2026. Additionally, Strive will distribute a dividend of $1.0833 per share on May 15, 2026, to shareholders of record as of May 1, 2026. Strive disclosed it has acquired an additional ~27 bitcoins, bringing its total bitcoin holdings to approximately 13,768. Under the assumptions that the SATA yield is 13.00% and the average purchase price of bitcoin is $74,750, Strive’s current balance sheet structure can support such dividend payments for approximately 19.6 years.