Strive raises SATA preferred dividend rate to 13.25%

Bitcoin accumulation firm Strive (ASST) announced it will raise the annual dividend rate on its perpetual preferred stock SATA to 13.25% from 13%, effective Dec. 1, according to the company. SATS will maintain its fixed annual dividend rate of 15%. Both SATA and SATS pay cash dividends daily on business days. Strive said it has bought BTC using only funds raised through preferred stock, without debt, and currently holds 43,153 BTC and dividend reserves covering 18 months.