Strive Launches SATS Preferred Stock with 15% Dividend After $630M Raise

Key Facts

1Strive launched new preferred stock (SATS) backed by a bitcoin treasury worth approximately $3 billion.

2The company raised $630 million by selling shares at a discount, offering a potential yield approaching 17%.

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.