| Mobile Web

Strive buys 17.76 bitcoin in sharp selloff, raising questions over dividend burden

Asset manager Strive bought an additional 17.76 bitcoin last week, lifting its total holdings to 19,882, according to an 8-K filing. The purchase was made from June 29 to July 2 at an average price of about $59,850. Strive said its second-quarter bitcoin yield was 24.0 percent, while noting the metric is not traditional and does not reflect debt or preferred claims. Cash holdings rose, but dividend obligations tied to its SATA preferred shares increased.