Strive Launches SATS Preferred Stock with 15% Dividend After $630M Raise
Key Facts
Strive launched new preferred stock under the ticker SATS backed by a bitcoin treasury worth approximately $3 billion. According to news.bitcoin.com, the company raised $630 million by selling the shares at a discount, offering a 15% annual dividend and a potential yield approaching 17%.
ASST closed at $25.54 on October 19, 2026, as the company seeks to strengthen its financial position without issuing additional common shares. This move aligns with the firm's strategy to expand its digital asset holdings and provide high-yield exposure linked to its crypto treasury.
Latest Updates · 3
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Update: Strive raised sufficient liquidity from its SATS preferred stock offering to purchase more than 7,500 additional Bitcoin for its reserves. These purchases further support the company's strategy of expanding its multi-billion dollar digital asset treasury.
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Update: Strive plans to allocate a portion of the $630 million raise toward purchasing additional bitcoin. The company aims for these acquisitions to establish it as the second-largest corporate holder of the cryptocurrency.
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Update: Strive could acquire an estimated 7,372 BTC using the net proceeds from this offering. This acquisition would potentially push the company's total Bitcoin holdings above those of Metaplanet.