Strive purchased $50 million of Strategy Perpetual Preferred Stock (STRC) and increased its Bitcoin holdings to 13,311.

PANews reported on March 12th that, according to The Block, Strive, a publicly traded Bitcoin treasury company, announced a 25 basis point increase in its SATA preferred stock dividend to 12.75%, and narrowed the price range from $95-$105 to $99-$101. SATA is a high-yield, perpetual preferred instrument backed by a Bitcoin treasury and traded on Nasdaq, mimicking the design of Strategy's STRC stock, which minimizes price volatility through an adjustable floating dividend rate. The company also increased its Bitcoin holdings to 13,311 (compared to 13,131.82 Bitcoins disclosed in January) and purchased $50 million worth of Strategy's perpetual preferred stock STRC (currently yielding 11.5%).