Strive Boosts Preferred Stock Dividend to 13.00% and Buys 27 Bitcoin
Strive increased its Variable Rate Series A Perpetual Preferred Stock dividend rate by 25 basis points to 13.00%, declaring a $1.0833 per share payout on May 15, 2026. The company acquired ~27 additional Bitcoin, raising total holdings to ~13,768 coins.
1. Dividend Rate Increase
Strive raised its Variable Rate Series A Perpetual Preferred Stock dividend rate from 12.75% to 13.00%, effective for monthly periods beginning April 15, 2026.
2. Payout Schedule and Tax Treatment
The company declared a $1.0833 per share dividend payable May 15, 2026 to shareholders of record on May 1, 2026, expecting it to qualify as a non-taxable return of capital to the extent of each holder’s tax basis.
3. Bitcoin Acquisition
Strive purchased approximately 27 additional Bitcoin, bringing its total holdings to about 13,768 coins and reinforcing its focus on Bitcoin as a hurdle rate for capital deployment.
4. Balance Sheet Support
At a 13.00% preferred yield and a Bitcoin price of $74,750, Strive’s current balance sheet and structure could sustain SATA dividend obligations for roughly 19.6 years.