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Strive, Inc. (NASDAQ:ASST) announced Monday that its board of directors has declared a cash dividend of $1.1333 per share for its Variable Rate Series A Perpetual Preferred Stock (NASDAQ:SATA). According to a statement released in a Securities and Exchange Commission filing, the dividend is payable on December 15, 2025, to stockholders of record as of the close of business on December 1, 2025.
The company stated that the dividend calculation accounts for the period since the issuance of the SATA stock on November 10, 2025. The payment represents a monthly dividend for holders of the preferred shares.
Strive also provided guidance regarding the tax treatment of the dividend. The company said that, from a U.S. federal income tax perspective, distributions on the SATA stock that are not made out of accumulated or current earnings and profits will generally be treated as a tax-deferred recovery of capital for U.S. investors. For non-U.S. investors, such distributions are expected to be exempt from U.S. dividend withholding tax. The filing noted that Strive does not have any accumulated earnings and profits and does not anticipate generating current earnings and profits in the current year or the foreseeable future.
Strive, Inc. is incorporated in Nevada and is based in Dallas, Texas. The company’s Class A common stock and Series A preferred stock both trade on The Nasdaq Stock Market LLC under the symbols ASST and SATA, respectively.
All information is based on a press release statement included in the company’s SEC filing.
In other recent news, Strive, Inc. has been active with several significant financial maneuvers. The company filed a report detailing its pending all-stock acquisition of Semler Scientific, which was approved by both companies’ boards. Strive provided historical financial statements and unaudited pro forma combined financial information for the merger. Additionally, Strive raised $160 million through an upsized initial public offering of 2 million shares of Variable Rate Series A Perpetual Preferred Stock, surpassing its initial plan of 1.25 million shares. This funding is intended to support various corporate activities, including bitcoin acquisitions.
Strive also announced the acquisition of 1,567 bitcoin, bringing its total holdings to 7,525 bitcoin. The average purchase price for the bitcoin was approximately $103,315, and the acquisition was funded through the proceeds from the preferred stock offering and previous warrant exercises. The company emphasized that the preferred stock issuance was designed to finance these bitcoin purchases without diluting common shareholders. These developments highlight Strive’s strategic financial decisions in recent times.
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