Strive Closes $630M SATS Preferred Stock IPO to Buy More Bitcoin
- —7 million SATS shares sold at $90, upsized from 5 million
- —15% annual dividend on $100 stated value, payments from November 9
- —Strive treasury stands at 36,818 BTC after October purchases
- —ASST stock rose about 6% to $26.92 on the news
Why it matters: Fixed-yield preferred stock is emerging as a new funding channel for bitcoin treasury companies.
Source: CoinGape