Strive, Inc. said Wednesday it raised the dividend rate on its preferred equity product while adding more bitcoin and a new credit instrument to its balance sheet, moves the firm said are designed to stabilize its digital credit strategy.

The Dallas-based company increased the dividend rate on its SATA preferred stock by 25 basis points to 12.75% and declared a dividend of $1.0625 per share payable April 15 to shareholders of record on April 1. 

At the same time, Strive narrowed its targeted trading range for SATA to $99–$101 from the previous $95–$105 and updated guidance to avoid issuing new shares below $100 through at-the-market or follow-on offerings.

The firm also disclosed…

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