Strive Raises Preferred Share Dividend as Bitcoin Treasury Companies Decline
On December 15, 2025, Strive announced it is raising the dividend rate on its SATA Series A Perpetual Preferred Stock by 25 basis points to 12.25%. The SATA shares currently trade below their par value of $100, approximately at $91.
Strive holds 7,525 bitcoins, with the current mNAV — a measure of stock value relative to bitcoin holdings — standing at 1.09. Despite this, Strive's common stock price fell about 7% to $0.79, later around $0.78, reflecting broader weakness in bitcoin treasury companies.
Bitcoin price dipped below $87,000 in U.S. morning trading, having reached around $89,629.86 earlier that day. Other bitcoin treasury companies also showed declines, with MicroStrategy (MSTR) down approximately 6.6%, and companies such as NAKA, XXI, ABTC, and BRR falling between 5% and 10%.
Semler Scientific (SMLR) shares fell about 8% amid news of its pending merger with Strive, with a shareholder vote expected in January. Strive historically has aimed to keep the SATA shares trading near $100 despite market fluctuations.
