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Strive Hikes Preferred Share Dividend Rate as Bitcoin Treasury Companies Continue to Plunge
Bitcoin has tumbled below $88,000 on Monday, helping to send Strive (ASST) common stock lower by 7% to $0.79
Dec 15, 2025, 3:36 p.m.
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What to know:
- Strive raised the dividend rate by 25 basis points on its SATA Series A Perpetual Preferred Stock to 12.25%.
- SATA continues to trade below the par value of $100, currently at $91.
- Bitcoin treasury company shares are sharply lower Monday at bitcoin falls below $87,000.
It's another in what's been a long run of difficult days for bitcoin treasury companies (BTCTCs) as the price of bitcoin tumbles below $87,000 in morning U.S. action on Monday.
Among those headed lower is Strive (ASST), now down 9% to a record low of $0.78. At the height of the BTCTC mania in the spring, Strive at one point traded above $13.
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Attempting to mirror Michael Saylor's Strategy, Strive last month issued a perpetual preferred series of stock (SATA), raising $160 million, with a dividend rate of 12%. The company's aim is to keep SATA trading in a tight range near $100. With SATA having dipped and held in the $90 area, Strive today announced a hike in the dividend rate to 12.25%.
Strive currently holds 7,525 bitcoin and the current share price indicates a mNAV (the stock valuation dividend by the value of the company's bitcoin holdings) of just 1.09.
A check of other BTCTCs Monday finds losses across the board, with Strategy (MSTR) itself down 6.6%. KindlyMD (NAKA), XXI (XXI), American Bitcoin (ABTC) and ProCap (BRR) are lower by 5%-10%.
Semler Scientific (SMLR), which has agreed to merge with Strive (shareholder vote is in January), is lower by 8%.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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- Bitcoin stabilized around $67,000, avoiding a further breakdown for the moment, while altcoins lagged.
- Policy talks at the White House on the crypto market structure bill showed incremental progress, but strains in private credit markets and potential U.S. military action against Iran loom large over risky assets
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