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I just saw that Strive has just increased the dividend on its preferred shares to 13%. It's not a minor change, they raised it by 25 basis points. The interesting thing is that this treasury company on Nasdaq continues accumulating Bitcoin like crazy.
Strive reported that it bought another 27 bitcoins recently, so now it has approximately 13,768 BTC in total. With the current price around $78k, that's quite a lot of capital immobilized. What caught my attention is that they estimate they can sustain these dividend payments for almost 20 years if Bitcoin stays at the average purchase price they used (74,750 dollars).
Basically, Strive is betting heavily on the long term. The dividend will be paid starting in May to registered shareholders. Do you think this is a sign that corporations still see Bitcoin as a solid store of value? Because this strategy of accumulating BTC while paying consistent dividends is quite unusual.