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Strive Buys $50M of Strategy’s STRC Preferred Shares
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4 Articles
Strive, Bitcoin’s treasury company co-founded by Vivek Ramaswamy, recently purchased $50 million in STRC dividends shares belonging to Strategy. The operation was financed after the sale of Strive’s own dividends shares, known as SATA, in what analysts describe as a circular “digital credit” movement. Michael Saylor, a key figure of Strategy, made public his appreciation for the purchase, which seeks to replace idle cash with instruments linked …
Strive Just Put $50 Million of Its Treasury Into Strategy's Preferred Stock Stock Market ETHNews
Strive is using a third of its corporate cash to buy yield-bearing instruments backed by the world’s largest Bitcoin holder, while simultaneously increasing the dividend on its own Bitcoin-linked preferred stock. The Trade and Why It Makes Sense Strive deployed $50 million to purchase 500,000 shares of Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, ticker STRC, at an 11.5% annualized dividend yield paid monthly in cash. The…
Bitcoin treasury firm Strive buys Strategy instead of bitcoin
A bitcoin (BTC) treasury company just bought another BTC treasury company’s dividend-paying shares after selling its own dividend-paying shares. If that sounds circular, that’s not accidental. The CEO of Nasdaq-listed buyer Strive, co-founded by Vivek Ramaswamy and an ex-president of beer company Anheuser-Busch, announced its $50 million cash purchase of Strategy’s STRC today. Michael Saylor thanked him for the purchase, retweeting Strategy’s po…
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