Strive signs seven banks for up to $1B at-the-market preferred stock sale
- —Agreements signed with Cantor Fitzgerald, Barclays, Clear Street, StoneX, B. Riley, Maxim Group and H.C. Wainwright
- —Offering size up to $1 billion at a 15% annual dividend and $100 stated amount per share
- —Agents receive up to 2% commission; sales via Nasdaq and other legal venues
- —New issuance excludes the 7 million SATS preferred shares already outstanding
Why it matters: Strive is raising expensive capital at a 15% yield to fund bitcoin accumulation, a sign of rising financing costs across treasury companies.
Source: ChainCatcher 链捕手