Strive, Inc. 8-K

What Happened
Strive, Inc. (ASST) filed an 8-K on March 11, 2026 announcing several capital and dividend actions. The board increased the regular dividend rate on its Variable Rate Series A Perpetual Preferred Stock (SATA Stock) from 12.50% to 12.75% effective for monthly periods beginning on or after March 16, 2026, and declared a cash dividend of $1.0625 per SATA share payable April 15, 2026 (record date April 1, 2026). Separately, Strive purchased $50 million of Strategy Variable Rate Series A Perpetual Stretch Preferred Stock (Nasdaq: STRC) and used $50 million of its reported cash balance to fund that purchase.

Key Details

• Cash and holdings: As of March 9, 2026 Strive held $143.4 million in cash and cash equivalents (of which $50M was used to buy STRC) and 13,311 bitcoin.
• Shares outstanding (as of March 9, 2026): 56,897,668 Class A common, 9,880,117 Class B common, and 4,275,118 SATA shares.
• Dividend and guidance: SATA dividend rate increased to 12.75% (effective March 16, 2026); $1.0625 cash dividend declared payable April 15, 2026 (record date April 1, 2026).
• Capital policy: Strive says it has an interest reserve covering over 18 months of SATA dividends (12 months in cash + 6 months in STRC at current STRC prices) and narrowed its long‑term SATA trading guidance from $95–$105 to $99–$101; it will not issue SATA via ATM or follow‑on offerings below $100 per share.
• Tax guidance: Distributions not treated as current or accumulated earnings and profits generally will be tax‑deferred return of capital for U.S. investors and exempt from U.S. dividend withholding for non‑U.S. investors; the company states it has no accumulated E&P and does not expect to generate current E&P in the near term.

Why It Matters
For investors, the move raises the SATA yield slightly (12.75% annualized) and delivers a near‑term cash payout (April 15). The $50M purchase of STRC reduces Strive’s cash balance but is positioned as part of an interest‑reserve strategy to support SATA dividends (Strive reports over 18 months of coverage). The tightened SATA pricing guidance and the pledge not to issue below $100 signal management’s intent to support SATA trading levels. Also note the company’s tax disclosure that SATA distributions may be treated as a return of capital rather than ordinary dividends, and Strive warns it does not expect to have earnings and profits in the near term—relevant for investors assessing tax treatment and sustainability of distributions.