Strive adds $12 million to its dividend tab after issuing nearly one million new preferred shares to buy Bitcoin

- Strive just minted nearly a million new preferred shares to buy 1,375 BTC and now owes about $130M a year at a fixed 13% — aggressive passive income, if your passive income is a debt cannon strapped to your hull. They bought coins around $79,281 each, pushing the stack to 24,531 BTC, while cash coverage sits frozen near 18.7 months. That ratio excludes everything that actually matters — operations, financing, the works — so it's less a safety cushion, more a hash manifest nobody at the desk read before signing. Perpetual 13% payouts on money used to chase Bitcoin is the kind of contract the Chrome Syndicate would blush at. Where's my cut? Strive's bet works only if BTC outperforms the dividend bleed; until then, they're running a threadbare courier ship with a very expensive cargo seal.