Strive declares first SATS preferred dividend of $0.871 per share
- —First dividend of $0.871 per share payable Nov. 9 to holders of record on Nov. 6
- —Nov. 10-30 payouts of $0.0658 per business day, $0.8554 per share in total
- —SATS were sold at $90 against a $100 liquidation preference with a 15% rate
- —Dividends will generally be treated as return of capital for US federal tax
Why it matters: The preferred-stock funding model for bitcoin treasuries is being tested in practice, with payout sustainability hinging on actual cash generation rather than BTC price gains.
Source: TokenPost