According to ChainCatcher, market reports indicate that the perpetual preferred shares (SATA) of Bitcoin treasury company Strive have reached their $100 par value per share for the first time. This milestone allows the company to issue more shares to raise capital and further purchase Bitcoin. The shares offer a 12% dividend yield, with an effective yield of 12.2%. Strive currently holds 12,797 Bitcoin on its balance sheet, and its common stock is priced at $0.94 per share. SATA is structured similarly to Stretch (STRC), the perpetual preferred shares of another Bitcoin reserve company, Strategy. Trading above par value means the company can raise cash through at-the-market (ATM) issuance to increase its Bitcoin holdings. STRC reached its par value at the beginning of this month, with a weekly trading volume of $755 million, of which $582 million was transacted above par value—the highest single-week total to date.
Strive's SATA Shares Reach $100 Par Value, Enabling Further Bitcoin Purchases
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Summary
Strive's SATA shares hit $100 for the first time, enabling the firm to raise capital and purchase more Bitcoin. SATA offers a 12% dividend yield, with an effective yield of 12.2%. Strive currently holds 12,797 Bitcoin, with its common stock priced at $0.94. The structure is similar to STRC, and trading above par allows for at-the-market (ATM) issuance to increase Bitcoin holdings. STRC reached par value this month, with $755 million in trading volume last week, $582 million above par. Bitcoin-related news highlights the growing inflow of capital into cryptocurrency assets.
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