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Strive shares jump on 'daily dividend company' strategy as firm goes debt free

TB
The Block Editorial
(05:54 PM UTC)
1 min read
JM
Approved byJames Mitchell

Strive Inc. shares (NASDAQ: ASST) jumped as much as 7% on Thursday after the Vivek Ramaswamy-founded bitcoin treasury company unveiled what it called a new "daily dividend company" strategy for its preferred stock while also disclosing it had fully cleared all debts.

The company said its Variable Rate Series A Perpetual Preferred Stock, trading under the ticker SATA, will begin paying dividends…

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