Strive, Inc. (NASDAQ: ASST; SATA) recently announced several updates that demonstrate the company's commitment to enhancing its performance and financial position.
The SATA dividend rate has been increased by 25 basis points to 12.75%, with a declared dividend of $1.0625 per share of SATA stock. This is payable on April 15, 2026, to stockholders of record as of April 1, 2026.
The targeted SATA price range has been narrowed to $99-$101 from $95-$105, with updated guidance indicating a decision not to issue SATA via ATM or follow-on offerings below $100.00.
Strive has purchased an additional 179 bitcoins since the last filing, bringing the total to approximately 13,311 BTC. The company also acquired $50 million (500,000 shares) of strategy variable rate series A perpetual stretch preferred stock (NASDAQ: STRC).
The SATA dividend reserve has been increased to 18 months, covering 12 months of cash and cash equivalents, plus 6 months of STRC based on current trading prices.
As of March 9, 2026, Strive held $143.4 million of cash and cash equivalents, of which $50 million was subsequently utilized to purchase shares of STRC. The company had 56,897,668 shares of class A common stock, 9,880,117 shares of class B common stock, and 4,275,118 shares of SATA stock outstanding.
The company's Chairman & CEO, Matthew Cole, expressed confidence in the potential of digital credit and emphasized the focus on building a track record of success for SATA by maintaining a stable trading range and a strong balance sheet.
Jeff Walton, Chief Risk Officer of Strive, highlighted the addition of STRC to the balance sheet as a high-quality credit instrument with a compelling risk-return profile, offering advantages over traditional fixed income assets.
Chief Investment Officer Ben Werkman emphasized the disciplined approach to continued Bitcoin accumulation, underscoring that both STRC and SATA offer compelling investment opportunities for corporate balance sheets.
Strive is a structured finance company and institutional asset manager focused on disciplined capital allocation and long-term value creation, holding approximately 13,311 bitcoins as of March 9, 2026. Strive Asset Management, LLC, a direct, wholly owned subsidiary of Strive and an SEC-registered investment adviser, manages over $2.5 billion in assets.
These updates reflect Strive's strategic decisions to optimize its financial position, enhance credit quality, and capitalize on investment opportunities, demonstrating a forward-looking approach to digital capital and long-term value creation. As a result of these announcements, the company's shares have moved -2.31% on the market, and are now trading at a price of $0.9481. For the full picture, make sure to review Strive's 8-K report.
