Bitcoin treasury Strive risks cash reserve to fund $500M buyback and trim dividends
Bitcoin treasury company Strive disclosed an optional program to repurchase up to $500 million of its variable-rate perpetual preferred stock, traded as SATA, on Oct. 5. Related Asset Bitcoin #1 BTC · $85,591.45 24-hour change: down 1.05% Loading price history… 24H Down 1.05% 7D Up 3.21% 30D Up 7.09% The program exceeds its reported $284.7 million cash balance and lets management weigh further Bitcoin purchases against retiring dividend-paying preferred shares. The SEC filing gives management discretion to repurchase shares from time to time. The ceiling is $215.3 million above reported Oct. 2 cash, so immediate full use would require resources beyond that dated balance. The optional cap creates no obligation to spend the maximum and does not establish a liquidity shortfall. The filing discloses no completed SATA repurchases, dedicated funding source, or timetable for using the full capacity. Strives $500 million SATA buyback ceiling exceeds reported cash by $213.3 million but remains optional. Strive reported 29,462 BTC as of Oct. 2 after buying 2,000 Bitcoin between Sept. 28 and Oct. 2 at an average price of approximately $84,422, including fees and expenses. Those holdings are separate from its preliminary, unaudited Sept. 30 figures, which showed 28,000 BTC and remained subject to change. Buying Bitcoin or reducing dividends Strives









