Strive offers stock proposal to increase Bitcoin investments.

Strive to Raise Funds for Bitcoin Purchases Through Stock Issuance

Strive aims to increase its Bitcoin (BTC) investments by issuing 1.25 million shares of preferred stock. These new shares will be referred to as SATA.

The company stated that it plans to pay an initial 12% dividend to investors. This move is considered similar to a capital raising effort by Michael Saylor, the Bitcoin treasury pioneer, and his company MicroStrategy (MSTR).