Strive enters top 10 Bitcoin reserve companies, why is it paying to buy MicroStrategy preferred stock?
Strive Company holds 13,627.9 bitcoins, making it one of the top ten bitcoin reserve companies globally, but the fourth quarter loss reached $393.6 million, primarily due to bitcoin price decline. To support its high dividend strategy, Strive purchased low-interest STRC, which despite generating a 1.25% negative carry, helps maintain cash flow and reduce the risk of having to sell bitcoins when paying dividends. Currently, the stock price has retreated from its peak to approximately $10.
ChainNewsAbmedia·03-20 03:05
