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Strive raises variable dividend rate on preferred shares to 13.25%, holds 43,153 BTC.

Protocol Fundamentals
12 Nov 2026, 14:24 WIB
Crypto Briefing
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Bullish
Strive raises variable dividend rate on preferred shares to 13.25%, holds 43,153 BTC.

Strive, a Bitcoin treasury company co-founded by Vivek Ramaswamy, announced an increase in the annual dividend rate for its Variable Rate Series A Perpetual Preferred Stock (SATA) from 13% to 13.25%, effective December 1, 2026. The fixed-rate SATS preferred shares remain at 15%. Strive holds 43,153 Bitcoin and funds its Bitcoin purchases by issuing preferred shares rather than taking on debt. The company pays daily dividends and maintains reserves to cover dividends for about 18 months on SATS shares, highlighting the sustainability of its dividend payments despite Bitcoin itself not generating cash flow. This move offers income investors a slightly better yield on SATA shares, though the dividend's sustainability depends on Bitcoin's value and future capital raises.

Strive's Bitcoin holdings reached 43,153 BTC as it raised the SATA preferred dividend to 13.25%. For readers following the cryptocurrency market, here is Pluang's market snapshot as of Nov 12, 2026 19:31 WIB: out of 50 major cryptocurrencies priced on Pluang, 7 rose and 41 fell. Notable movers include Harmony (ONE) at Rp31 with a 10.27% increase and a typical hold time of 153 days, Enjin Coin (ENJ) at Rp382 down 9.60%, and Aave (AAVE) at Rp2,043,255 down 8.36% with a typical hold time of 107 days and 64% buy order activity.

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