Strive purchased $50 million of Strategy perpetual preferred stock STRC and increased its Bitcoin holdings to 13,311 coins.

Techub News reported, according to The Block, that Bitcoin treasury public company Strive announced a 25 basis point increase in the dividend for its SATA preferred shares to 12.75%, and narrowed the price range from $95-105 to $99-101. SATA is a high-yield, Bitcoin treasury-backed perpetual preferred instrument traded on Nasdaq, modeled after Strategy's STRC stock design, which minimizes price volatility through an adjustable floating dividend rate. The company also increased its Bitcoin holdings to 13,311 coins (previously disclosed data in January was 13,131.82 Bitcoins), and purchased $50 million worth of Strategy's perpetual preferred shares STRC (current yield is 11.5%).