{"id":12987,"date":"2026-09-09T08:09:28","date_gmt":"2026-09-09T08:09:28","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=12987"},"modified":"2026-09-09T08:09:28","modified_gmt":"2026-09-09T08:09:28","slug":"strive-adds-12-million-to-its-dividend-tab-after-issuing-nearly-one-million-new-preferred-shares-to-buy-bitcoin","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=12987","title":{"rendered":"Strive adds $12 million to its dividend tab after issuing nearly one million new preferred shares to buy Bitcoin"},"content":{"rendered":"

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Bitcoin treasury company Strive added almost $12 million to its annualized preferred-dividend burden in one week as its SATA preferred share count grew, according to calculations using its Sept. 8 disclosure.<\/p>\n

At the current rate, the larger share base implies about $130 million in yearly payouts, while higher cash left static cash-only coverage almost unchanged.<\/p>\n

SATA is variable-rate perpetual preferred equity, and each additional share increases the estimated recurring payout at the current 13% dividend rate.<\/p>\n

The company reported buying 1,375 BTC during the Aug. 31-Sept. 4 period at an average price of approximately $79,281 per coin, including fees and expenses. That brought its holdings to 24,531 BTC as of Sept. 4.<\/p>\n

Over the week from Aug. 28 to Sept. 4, SATA shares rose from 9,073,914 to 9,995,425, an increase of 921,511. Strive\u2019s table includes shares sold by its stated 4 p.m. cutoff that would be issued on the following business day, alongside shares already outstanding.<\/p>\n

A larger payout, almost the same coverage<\/h2>\n

Strive\u2019s board maintained the annual rate at 13% in an Aug. 13 announcement, effective for periods beginning Sept. 1. Applied to SATA\u2019s $100 stated amount per share, that equates to $13 annually.<\/p>\n

Multiplying both reported share counts by $13 gives annualized dividends of $129.9 million for Sept. 4, versus nearly $118 million for Aug. 28. The roughly $12 million increase is a desk calculation at the same current rate.<\/p>\n

For September, the board declared $0.0516 per share on each of 21 business-day payment dates, payable to holders of record at the preceding business day\u2019s close. Payments depend on eligible shares on those record dates.<\/p>\n