Strive (ASST), a Nasdaq-listed asset management firm, plans to issue 1.25 million shares of a new series of variable-rate perpetual preferred stock (SATA) with an initial annual dividend of 12%, paid monthly in cash. The funds raised will be used to increase Bitcoin holdings, expand operations, invest in yield-generating assets, provide working capital, or repurchase common stock. Currently, Strive holds approximately 6,000 BTC, and this could increase to about 11,000 BTC if a proposed all-stock merger with Semler Scientific (SMLR) is completed.