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Strategy and Strive balance bitcoin buying with preferred stock dividends
Treasury firms Strategy (MSTR) and Strive (ASST) rely on perpetual preferred shares to fund bitcoin purchases while maintaining dividend payouts to investors. Since the securities launched, they have bought roughly 136,000 BTC, about 0.5% of the total supply, according to Fidelity research. The preferred‑stock market is estimated at $12 billion, with Strategy's shares trading near $99.40. In its latest update, Strategy repurchased $193 million of its STRC shares and bought 267 BTC, and raised its repurchase authorization to $3 billion. Analysts say the model’s durability depends on the shares staying near par value.