Strive, the Bitcoin treasury firm co-founded by Vivek Ramaswamy, recently purchased $50 million in STRC dividend shares from Strategy. The transaction was funded following the sale of Strive’s own dividend shares, known as SATA, in what analysts describe as a circular “digital credit” move. Michael Saylor, a key figure at Strategy, publicly expressed his gratitude for the purchase, which aims to replace idle cash with BTC-linked instruments offering high yields.
This was a complex and risky financial maneuver; Strive is using capital raised through its SATA shares to purchase STRC, resulting in a negative carry of 125 basis points. Despite both companies’ shares experiencing volatility and trading below par value, executives defend the deal as a necessary institutional integration to establish Bitcoin as the foundation of modern corporate capital.
In conclusion, the alliance between Strive and Strategy reinforces a cross-dividend structure that depends directly on the long-term stability and growth of Bitcoin. This “financial circularity” model will serve as a litmus test for crypto treasuries over the next 18 months.
Source:https://goo.su/0r7b6p
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