[Strive's Perpetual Preferred Stock Reaches $100 Par Value for the First Time, Potentially Supporting Further Bitcoin Accumulation] According to CoinDesk, the perpetual preferred stock (SATA) of Bitcoin treasury company Strive reached a par value of $100 per share for the first time last Friday. This level enables the company to sell more shares to raise funds for further Bitcoin purchases. The stock offers a 12% dividend yield, with an effective yield of 12.2%. Strive currently holds 12,797 Bitcoins on its balance sheet, and its common stock price is $0.94. The SATA structure is similar to Stretch (STRC), a comparable product from another Bitcoin reserve company, Strategy. Trading above par value means the company can raise cash through at-the-market (ATM) issuance channels to increase its Bitcoin holdings. STRC reached par value earlier this month, with last week's trading volume hitting $755 million, including $582 million traded above par value, marking the highest single-week volume to date.