Bitcoin treasury Strive risks cash reserve to fund $500M buyback and trim dividends
Summary
Strive disclosed an optional program to repurchase up to $500 million of its SATA preferred shares, which carry a variable dividend. The cap exceeds the company’s reported $284.7 million cash balance, but there is no obligation, disclosed funding source, or timetable to use the full amount, and no repurchases have been reported. Strive held 29,462 BTC as of Oct. 2 after buying 2,000 BTC. Buybacks could reduce future dividend costs and senior claims, but would use funds otherwise available for Bitcoin purchases. The impact will depend on actual spending, shares retired, and the applicable dividend rate.
