Strive Raises Preferred Stock Dividend Rate to 13%, Declares $1.0833 Monthly Payment

Strive, Inc. (NASDAQ: ASST; SATA), a structured finance company and institutional asset manager, raised the dividend rate on its Variable Rate Series A Perpetual Preferred Stock to 13.00% per annum from 12.75%, a 25 basis point increase effective for monthly periods beginning April 15, 2026. The company's board of directors declared a cash dividend of $1.0833 per share on the preferred stock, representing the new 13.00% annual rate. Read more dividend announcements.

Payment will be made on May 15, 2026 to stockholders of record at the close of business on May 1, 2026. The company expects the distribution to qualify as a non-taxable return of capital to the extent of a stockholder's tax basis for U.S. federal income tax purposes.

Balance Sheet Update

As of April 13, 2026, Strive held $89.7 million in cash and cash equivalents and $50.5 million in Variable Rate Series A Perpetual Stretch Preferred Stock of Strategy Inc. The company reported holdings of 13,768 bitcoin, including an additional 27 bitcoin purchased recently.

Strive had 59,824,987 shares of Class A common stock, 9,893,844 shares of Class B common stock, and 4,373,194 shares of its Variable Rate Series A Perpetual Preferred Stock outstanding as of April 13, 2026. At a 13.00% dividend yield and a bitcoin price of $74,750, the company stated its current balance sheet could support preferred stock dividend obligations for approximately 19.6 years.

Strive operates with bitcoin as its hurdle rate for capital deployment and manages over $2.5 billion in assets through its wholly owned subsidiary, Strive Asset Management, LLC, an SEC-registered investment adviser.