Asset manager boosts preferred stock yield above competitor as bitcoin investment products see heavy institutional demand.
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Strive Asset Management increased its SATA preferred stock dividend to 12.75% and purchased $50 million of Strategy's STRC bitcoin wrapper, while narrowing SATA's trading range to $99-$101. The move positions SATA's yield above Strategy's competing STRC product, which both companies have modeled as bitcoin-linked investment vehicles.
The acquisitions come as institutional demand for bitcoin exposure accelerates, with STRC's daily trading volume suggesting buying power for approximately 1,940 BTC per day—over four times the amount of new bitcoin mined. This pace could help Strategy reach its 1 million bitcoin milestone ahead of BlackRock's similar ambitions.
Meanwhile, crypto-friendly fintech Revolut received full UK banking authorization after regulators lifted previous license restrictions, enabling the company to offer traditional banking services alongside its existing crypto offerings. Revolut plans a phased customer migration over the coming months, with no immediate changes for current users.
The developments highlight growing institutional adoption of bitcoin investment products and regulatory acceptance of crypto-integrated financial services in major markets.