TD Cowen calls STRC semi-monthly dividend upgrade a shared upside lever for Strategy and Strive shareholders
The Block •
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Promote with Leviathan NewsTD Cowen analysts Lance Vitanza and Jonnathan Navarrete say Strategy's pending STRC upgrade — shifting to semi-monthly dividend payouts starting July 15 if shareholders approve by June 8 — is a shared upside lever benefiting both MSTR and fellow BTC treasury Strive. Strive is "direct and indirect" beneficiary: its SATA preferred (12.75% yield, modeled on STRC) already scooped $50M of STRC, and more BTC accumulation via Strategy could lift Strive's NAV premium. The note frames a feedback loop where STRC issuance funds more BTC buys, boosting capital access across similar treasury plays.
TLDR by @Benthic
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