Strive Hikes Preferred Share Dividend Rate as Bitcoin Treasury Companies Continue to Plunge
assetentitiesassetentities(US:ASST) Yahoo Finance·2025-12-15 23:36

It's another in what's been a long run of difficult days for bitcoin treasury companies (BTCTCs) as the price of bitcoin (BTC) tumbles below 87,000inmorningU.S.actiononMonday.AmongthoseheadedlowerisStrive(ASST),nowdown987,000 in morning U.S. action on Monday. Among those headed lower is Strive (ASST), now down 9% to a record low of 0.78. At the height of the BTCTC mania in the spring, Strive at one point traded above 13.AttemptingtomirrorMichaelSaylor′sStrategy,Strivelastmonthissuedaperpetualpreferredseriesofstock(SATA),raising13. Attempting to mirror Michael Saylor's Strategy, Strive last month issued a perpetual preferred series of stock (SATA), raising 160 million, with a dividend r ...