Strive's perpetual preferred stock first reaching a $100 face value may help it continue to increase its Bitcoin holdings

PANews January 19 News, according to CoinDesk, the perpetual preferred stock (SATA) of Bitcoin treasury company Strive first reached a par value of $100 per share last Friday. This level enables the company to sell more shares to raise funds and further purchase Bitcoin. The stock offers a 12% dividend yield, with an actual return of 12.2%. Strive currently holds 12,797 Bitcoins on its balance sheet, with a common stock price of $0.94. The SATA structure is similar to that of another Bitcoin reserve company Strategy’s comparable product Stretch (STRC). A trading price above par value means the company can raise cash through at-the-money (ATM) issuance channels at market price to increase Bitcoin holdings. STRC reached par value earlier this month, with a trading volume of $755 million last week, of which $582 million was traded above par value, marking the highest weekly trading volume to date.