🚀 Strive's Preferred Stock Reaches Par Value, Enabling Bitcoin Purchases
#Strive #PreferredStock #Bitcoin #SATA #Treasury #Dividend #Investment #BTC #ParValue #ATMOffering #Strategy #Stretch #STRC #Crypto
According to PANews, Strive, a Bitcoin treasury company, saw its perpetual preferred stock (SATA) reach a par value of $100 per share last Friday. This milestone allows the company to sell more shares to raise funds for further Bitcoin acquisitions. The stock offers a 12% dividend rate, with an actual yield of 12.2%. Strive currently holds 12,797 Bitcoins on its balance sheet, and its common stock is priced at $0.94 per share.
SATA's structure is similar to another Bitcoin reserve company, Strategy, which offers a product called Stretch (STRC). When trading above par value, the company can raise cash through an at-the-market (ATM) offering to increase its Bitcoin holdings. Earlier this month, STRC reached its par value, with last week's trading volume hitting $755 million, of which $582 million occurred above par value, marking the highest single-week volume to date.#Strive #PreferredStock #Bitcoin #SATA #Treasury #Dividend #Investment #BTC #ParValue #ATMOffering #Strategy #Stretch #STRC #Crypto
🚀 Strategy's STRC Equity Recovers to Par Value, Facilitating Bitcoin Purchases
#STRC #equity #bitcoin #capital #shares #parvalue #acquisitions #NS3AI #dividend #trading #BTC
Strategy's STRC perpetual preferred equity has returned to its $100 par value as of Thursday, enhancing the company's capacity to issue shares near par and secure capital for further bitcoin acquisitions. According to NS3.AI, this recovery occurred over nine trading days following the March 13 ex-dividend date, slightly quicker than STRC's historical average of approximately 10 trading days. Strategy's bitcoin holdings have reached 762,099 bitcoins, acquired for roughly $57.69 billion at an average price of $75,694 per coin.#STRC #equity #bitcoin #capital #shares #parvalue #acquisitions #NS3AI #dividend #trading #BTC